Hostile takeover?: Ubisoft has dubbed Vivendi
MarketWrap: US stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth. The DJIA fell 0.11% to end at 20,919.42 points, the S&P 500 lost or 0.22% to 2,394.44 and the Nasdaq dropped 0.22% to 6,115.96. - Reuters
Energy
Oil prices rose for a second day on Thursday, closing more than 1% higher as support grew for Opec output cuts a day after the US government reported a big draw in crude inventories, boosting confidence that a global glut might diminish. Brent LCOc1 settled at US$50.77, up 55 cents or 1.1%. - Reuters
Forex summary
*The ringgit gained 0.10% to 4.3443 per US$
*It was up 0.08% to 4.7232 versus euro
*Up 0.14% to 5.6031 per pound sterling
*Down 0.01% to 3.0857 per Singapore dollar
*0.18% lower to 3.2076 per Aussie
*Down 0.04% at 3.8207 per 100 yen
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