U.S. and European Market Roundup
· The DJIA up 256.72 points to 8,616.21 points.
· U.S stocks jumped on Wednesday with the S&P 500 racking up its three best days since March, sparked by results from bellwether Intel Corp that lifted hopes for a rebound in technology spending and improved corporate profitability.
· Elsewhere, U.K stocks rose the most since April after Intel Corp. forecast sales that topped analysts estimates and unemployment claims climbed by the least in a year in June, spurring speculation the economic slump is easing
Macro and Corporate New
· Property developer Magna Prima Bhd plans to buy several parcels of land, with the combined size of over 8.9ha, for RM40.53 mln cash.
· Sindora plans to sell its entire 40% stake, or 400,000 shares, in Willis (Malaysia) Sdn Bhd, an insurance broker, for RM14.21 mln cash.
· Merge Energy says its request to lift the PN17 status without submitting a revamp plan has been approved by Bursa Malaysia.
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