The Traderszone Network

After shrugging off their lowest-cost rivals, the biggest U.S.

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Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment. “After a strong U.S. and European session, Asian markets are all looking for further gains today,” Angus Nicholson, market analyst at IG in Melbourne, said in a note to clients.

Icahn sweetened his offer for Pep Boys for the second time to $18.50 per share on Monday, after Bridgestone raised its bid by $1.50 to $17 per share on Dec. 24. Pep Boys said on Monday Icahn’s latest offer was superior to the deal it accepted from Bridgestone, and moved to terminate its agreement with the Japanese company. Icahn, whose latest bid values Pep Boys at about $1 billion, had reported a 12.12 percent stake in Pep Boys earlier in December and said the company’s retail automotive parts business would be a perfect fit for Auto Plus, a competitor he owns.

The job cuts in the state, which has been its home for more than 213 years, will take place in the beginning of 2016, DuPont Chief Executive Ed Breen said in a letter to the company’s employees on Tuesday. DuPont said earlier in the month that it was planning to slash about 10 percent of its workforce of about 63,000 and take a pretax charge of $780 million. Breen said the company decided to announce the jobs cuts now as it was legally required to file a notice with the Delaware State government, detailing the expected local job reductions by Dec. 31.

The job cuts in the state, which has been its home for more than 213 years, will take place in the beginning of 2016, DuPont Chief Executive Ed Breen said in a letter to the company’s employees on Tuesday. DuPont said earlier in the month that it was planning to slash about 10 percent of its workforce of about 63,000 and take a pretax charge of $780 million. Breen said the company decided to announce the jobs cuts now as it was legally required to file a notice with the Delaware State government, detailing the expected local job reductions by Dec. 31.

The iPhone maker and auto parts retailer both made unusually strong moves higher toady.

Belgian authorities said Tuesday they arrested two people on terrorism charges and broke up a plan for attacks during the holiday period, underlining fears of further mayhem in a Europe still unsettled over Islamic State’s deadly attacks in Paris last month.
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