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Daily Wrap: May 23, 2013
Daily Wrap: May 23, 2013            

Moving the Market

Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
5/23/2013 4:15 PM ET
[BRIEFING.COM][BRIEFING.COM] The major averages ended modestly lower with the S&P 500 shedding 0.3%.

The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese...

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UPDATE: AT&T Imposes New Monthly Fee for Wireless Users    5:10PM ET  - Dow Jones Business News

NASDAQ OMX Stockholders Elect Members to Board of Directors    5:08PM ET  - GlobeNewswire

Sabra Health Care REIT, Inc. Discusses Capital Markets Strategy; Updates 2013 Guidance    4:49PM ET  - GlobeNewswire

MGP Ingredients, Inc. Adjourns Annual Meeting    4:47PM ET  - GlobeNewswire

3rd UPDATE: J.P. Morgan's McInerney Departs for Visa    4:40PM ET  - Dow Jones Business News

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  • 5:12 PM   Carl Icahn and Southeastern Asset Management have initiated talks with banks and asset managers to line up commitments for as much as $7B in bridge loans to back their leveraged recapitalization proposal for Dell (DELL), Reuters reports. Icahn and Southeastern are looking to lock in the financing before Dell shareholders meet in July to vote on a rival offer from CEO Michael Dell and Silver Lake Partners.
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