CANADA STOCKS-TSX set to open higher; investors eye Republican 'Plan B'

Thu Dec 20, 2012 8:53am EST
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Dec 20 (Reuters) - Toronto stock index futures pointed to a slightly higher open on Thursday, but gains could be limited by uncertainty over U.S. budget talks, with Republicans set to introduce their 'Plan B'.


* The conflict over the stalled "fiscal cliff" talks grew more heated Wednesday and threatened to become even more when the action is expected to shift for the first time to the floor of the U.S. House of Representatives.

* IntercontinentalExchange is in talks to buy New York Stock Exchange owner NYSE Euronext, in a multi-billion dollar deal designed to push it into the big league of European derivatives and take on arch rival CME Group.

* The telecom network equipment maker will take an 8 billion crown charge on its ST-Ericsson venture, underscoring the uncertainty over the loss-making project after partner STMicro said it was pulling out.

* European Union regulators dropped an antitrust investigation into Thomson Reuters on Thursday after the company made it easier for customers using its financial instrument codes to switch to competing services.

* Canada's Neptune Technologies & Bioressources Inc rejected claims it misled investors about the benefits of an expansion at its plant, which was subsequently destroyed by fire in November.

MARKET SNAPSHOT   Continued...