Avery Dennison Corp. is going to sell two business lines

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Source: Marketwatch

Avery Dennison Corp., the manufacturer of pressure sensitive substances and retail branding solutions, announced it will sell its "office and consumer products" business to 3M Corp. The deal is valued at $550 million. The earnings of the trade would help the company to cut debt, execute stock buy backs and provide pension contributions, said Avery Dennison in a Tuesday announcement.

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Tue, 03 Jan 2012 15:59:48 GMT

Morgan Stanley predicts 7% for S&P 500 in 2012

Morgan Stanley experts said on Thursday they forecast S&P 500 Index to drop by 7% at 1,167 by the end of next year. Analysts base their expectations on weakening global outlook and floppy company results. Moreover, Morgan Stanley experts suggest that US Dollar is likely to strengthen and curb the corporate profits. Morgan Stanley also upgraded industrial sector and downgraded energy segment.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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