STOCKS NEWS US-Carnival offers London-listed shares, stock falls
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For U.S. stock market report double-click [.N] 1050 ET 02July2009-Carnival offers London-listed shares, stock falls ------------------------------------------------------------------------------
Shares of Carnival Corp & Plc (CCL.N) fell on Thursday, after the company
said it was offering up to 25 million newly-issued common shares listed on the
London Stock Exchange.
The cruise ship operator intends to use the proceeds from the offering to buy common stock of Carnival Corp, which is traded on the New York Stock Exchange, and for general corporate purposes.
For details, see [ID:nN027992]
Shares of Carnival fell 3.4 percent to $25.40 on the New York Stock
Exchange while peer company Royal Caribbean (RCL.N) was off 4.6 percent to
$13.59.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1040 ET 02July2009-MasterCard to prepay obligations under settlement ------------------------------------------------------------------------------
MasterCard Inc (MA.N) on Thursday agreed to prepay its obligations under a
legal settlement with U.S. merchants. It will received a 16 percent discount.
The prepayment will be made on Sept. 30.
MasterCard will pay $335 million to settle obligations through 2012 totaling $400 million, the credit card company said on Thursday.
For details, see [ID:nN02380861]
Shares of MasterCard rose 0.5 percent to $166.58.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1037 ET 02July2009-Markets sink after jobs data ------------------------------------------------------------------------------
Major U.S. indexes dropped on Thursday, falling after payrolls data showed more Americans than expected lost their jobs in June, dimming hopes of a quick economic recovery.
Sentiment was also pressured as the price of crude oil fell.
For details, see [ID:nN0222961]
The Dow Jones industrial average .DJI fell 2 percent to 8,330.01 while the S&P 500 .SPX lost 2.2 percent to 903.51 and the Nasdaq .IXIC was off 2.4 percent to 1,802.18.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1034 ET 02July2009-Coeur D'Alene lowers debt level by 37 pct in 2009 ------------------------------------------------------------------------------
Silver miner Coeur D'Alene Mines (CDE.N) (CDM.TO) on Thursday said it lowered its convertible debt by 37 percent, or $150 million, in the first half of 2009. The debt was lowered through a series of privately negotiated deals.
For details, see [ID:nN022358]
Shares fell 4.5 percent to $12.36 on the New York Stock Exchange.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1026 ET 02July2009-Mortgage rates fall in latest week: Freddie Mac ------------------------------------------------------------------------------
Interest rates on U.S. 30-year fixed-rate mortgages dropped 0.10 percentage point in the latest week, a move that bodes well for the hard-hit U.S. housing market, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N) (FRE.P).
Interest rates on the 30-year fixed-rate mortgage averaged 5.32 percent, with an average 0.7 point, for the week ending July 2. That was down from the previous week's 5.42 percent, but significantly higher than the record low of 4.78 percent set the week ending April 2. Freddie Mac started the Primary Mortgage Market Survey in 1971.
"Lower mortgage rates are helping to support the housing market," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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