CANADA STOCKS-TSX may open lower; Iran deal and Asian tension in focus

Tue Nov 26, 2013 8:26am EST
 
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Nov 26 (Reuters) - Canadian stock market futures pointed to a flat to slightly lower open on Tuesday as investors turned cautious about the impact of Iran's nuclear deal and an escalation of political tensions in parts of Asia.

TOP STORIES

* Tiffany & Co reported a higher quarterly profit, helped by stronger-than-expected sales as business soared in China, and the U.S. jeweler raised its full-year forecast.

* At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.

* Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostrate cancer treatment, at a 27 percent premium to the stock's last close, Algeta said.

* A U.S. judge has rejected Citigroup Inc's effort to block the Abu Dhabi Investment Authority from seeking a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.

MARKET SNAPSHOT

* Canada stock futures traded down 0.04 percent   Continued...