NYSE Euronext Plans Spin-Off and 3 Stocks Rising to 52-Week Highs
Greenhill & Co. (NYSE:GHL): Closing price $58.95
The company has posted its fourth quarter revenue of $92.3 million against a consensus of $103.05 million. The net income for 2012 was hindered by an hike in the effective tax rate from 35 percent in 2011 to 40 percent in 2012 because in part of the one-time impact of non-deductible capital losses recognized on the sale of European investments. Shares closed down 0.79 percent on the day at $58.95, having been traded in a 52-week range of $31.77 to $59.53.
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Huntsman Corporation (NYSE:HUN): Closing price $18.18
Huntsman intends to introduce a worldwide transformational change program throughout its Advanced Materials unit, as part of a continuing strategic plan that was created to enhance the firm’s manufacturing efficiencies, further commercial excellence, and ensure its long-term world competitiveness. Sluggish economic conditions in crucial global markets, along with increasing fixed costs and continued volatility in the cost of raw materials are pushing Huntsman’s Advanced Materials division to put forth an improvement program that will align resources to concentrate on attractive higher-growth markets. The firm anticipates benefits in the ballpark of $70 million. Shares closed up 2.02 percent on the day at $18.18, and have traded in a 52-week range of $10.98 to $18.29.
NYSE Euronext (NYSE:NYX): Closing price $33.35
Chief Executive Duncan Niederauer said that his firm will not divest its European business so as to compete, following a planned merger with IntercontinentalExchange (NYSE:ICE), but intends rather to spin off Euronext, says The Wall Street Journal, which added that both Nasdaq OMX (NASDAQ:NDAQ) and the London Stock Exchange have placed informal inquiries about acquiring Euronext, citing inside sources. Shares closed down 0.3 percent on the day at $33.35, and have traded in a 52-week range between$22.25 and $33.47.
Toll Brothers (NYSE:TOL): Closing price $
Company Chief Executive Douglas Yearley Jr. told Bloomberg at the International Builders’ Show in Las Vegas that his firm is expanding into the development high-end college dormitories. Shares closed up 2.07 percent on the day at $37.06, having been traded in a 52-week range of $21.69 to $37.08.