Finance Magic

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- Google Inc's quarterly earnings miss prompted at least three brokerages on Friday to cut their price targets on the stock, but analysts said the internet giant's core results were solid and the dip in share price was a buying opportunity. The company's Frankfurt-listed shares were trading down about 9 percent on Friday morning, a day after Google said its fourth-quarter revenue and earnings were hit by a decline in cost-per-click growth and forex fluctuations. Analysts at J.P.

Economics

LONDON - The FTSE fell on Friday morning, pressured by mining stocks after data from China dented the demand outlook from the world's top metals consumer, with investors waiting for news on Greece's negotiations with bondholders. The FTSE 100 was off 15.02 points, or 0.3 percent, at 5,726.13 by 09:27 a.m. BT, having risen 0.7 percent on Thursday to 5,741.15, its highest close since Aug 1

Economics

European shares steadied on Monday but the euro remained under pressure as investors digested news that Standard & Poor's cut the rating of nine European nations, including France's triple-A status.

Economics

- Scottish milk producer Robert Wiseman Dairies has agreed to be taken over for about 279.5 million pounds by German dairy firm Mueller Group, which is looking to increase its scale of operations in Europe. The recommended cash offer of 390 pence per share is at a 60 percent premium to Robert Wiseman shares' close on Thursday, a day prior to the announcement of the offer. "It's a fair price," analyst Charles Pick of Numis Securities said, pointing out the tough market conditions in which Robert Wiseman operates.

Economics

LONDON - Tesco issued its first profit warning in living memory on Thursday, sending shares in British grocers tumbling on fears the world's third-biggest retailer would launch a price war to fight back from its worst Christmas in decades. Chief executive Phil Clarke said trading profit in 2012/13 would be flat, compared with forecasts for a 10 percent rise, as Tesco invested hundreds of millions of pounds lowering prices, expanding its online business and improving customer service

Economics

LONDON - The FTSE 100 was flat Thursday morning, with retailers lower amid fears of a supermarket price war after market leader Tesco issued a profit warning following its worst Christmas for decades. The FTSE 100 was up 1.06 points, or 0.02 percent, at 5,671.88 by 0943 GMT, supported by financials and miners. Tesco shares were down 14 percent to a 32-month low after the world's third-largest retailer said it would invest in price cuts and its online business to win back sales, leading to minimal profit growth in its 2012/13 year compared with a forecast for a 10 percent rise

Economics

NEW YORK - The U.S.

Economics

US stocks opened the first week of 2012 in the plus zone, helped by optimism about the economic outlook which fueled a strong rally on the first trading day of the year.

Economics

LONDON - European stocks ended at a five-month closing high on Tuesday after strong manufacturing data from the United States and China boosted investor confidence and helped shift attention away from the euro zone.

Economics

TOKYO - Asian stocks rose on Wednesday as investor risk appetite returned after upbeat U.S. and European economic data improved the global growth outlook, but the euro's gains were short-lived due to deep-set worries over the European debt crisis. MSCI's broadest index of Asia Pacific shares outside Japan rose as much as 0.9 percent to its highest in nearly a month, before trimming some gains to stand up 0.6 percent

Economics