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Stock Market Today: Market Update After Hours December 5

Wednesday, December 5, 2012 10:08:37 PM
How is the stock market today? Markets






















Dow Jones



13,034.49



82.71



-0.64%



S&P 500



1,409.28



2.23



-0.16%



Nasdaq



2,973.70



-22.99



(-0.77%)



Gainers

Mcmoran Exploration Co (NYSE:MMR) 15.82 +7.36 (87.00%). Freeport-McMoRan Copper & Gold Inc said on Wednesday it would acquire Plains Exploration & Production Co and McMoRan Exploration Co in two separate deals for $9 billion in cash and stock. Freeport said it would buy Plains for $6.9 billion in cash and stock. It would buy McMoRan Exploration for $2.1 billion cash after taking into account the stake in McMoRan that Freeport already owns.

Plains Exploration & Production Company (NYSE:PXP) 44.50 +8.45 (23.44%). Freeport-McMoRan Copper & Gold Inc. (FCX) said Wednesday it has agreed to buy Houston-based oil and gas exploration and production company Plains Exploration & Production Co. (PXP) for $6.9 billion in cash and stock.

Cobalt International Energy, Inc. (NYSE:CIE) 28.21 +4.43 (18.63%). Cobalt International Energy Inc. (CIE) announced a "significant" oil discovery at its North Platte prospect in the deepwater Gulf of Mexico, and its shares soared nearly 17 percent in premarket trading on Wednesday.

Nokia Corporation (ADR) (NYSE:NOK) 3.88 +0.44 (12.79%). Nokia Corporation (ADR) (NOK) announced on Wednesday its cheapest Windows Phone 8 handset, Lumia 620. The handset maker unveiled the new Lumia at Le Web’12 in Paris this morning. The designer new Lumia, uses a new dual-shot color technique, making it the most colorful Nokia Lumia phone yet. Nokia Corporation (ADR) (NOK) revealed that it, along with China Mobile, will launch a brand new Lumia 920 for China Consumers. Also Nokia Corporation (ADR)(NOK) has done a sale and lease-back transaction with its head office in Espoo, netting it about $222 million.

Alpha Natural Resources, Inc. (NYSE:ANR) 8.07 +0.82 (11.31%). The earnings results of Alpha Natural Resources Inc. (ANR) surpassed the analyst estimates.

Losers

Tibco Software Inc. (NASDAQ:TIBX) 20.00 -4.72 (-19.10%). Tibco Software Inc. TIBX -19.09% (TIBX) expects its fourth-quarter results to fall far short of Wall Street expectations, as a combination of company-specific problems and external factors hurt the company’s top and bottom lines.

Pandora Media Inc (NYSE:P) 7.80 -1.65 (-17.46%). Downside guidance in its earnings report. The loss for the fiscal year ending Jan. 31 will be 9 cents to 12 cents a share, the company said in a statement, wider than the loss of 4 cents to 8 cents forecast in August.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) 32.16 -6.12 (-15.99%).%). Freeport-McMoRan Copper & Gold Inc said on Wednesday it would acquire Plains Exploration & Production Co and McMoRan Exploration Co

Select Comfort Corp. (NASDAQ:SCSS) 25.00 -2.67 (-9.65%). Speculating that the downslide is cause of MFRM disappointing earnings

New Oriental Education & Tech Grp (ADR) (NYSE:EDU) 16.41 -1.67 (-9.24%)

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