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A suspicious package containing explosives was found Wednesday at the German finance ministry in Berlin, according to Reuters. The package was found in the mail-handling area of the building, but wasn’t opened. “The first investigation results show that the package contained a so-called explosives mixture, which is frequently used to produce pyrotechnics. It was designed to cause considerable injuries when the package was opened,” police said in a statement, according to the report.

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From:: Stock Market News

Shares of MSCI Inc. pulled back sharply Wednesday, after the indexes and analytics company dispelled reports that it received a buyout proposal. The stock gained 2% in midday trade, but had been up as much as 13% earlier in the session. “We do not normally comment on rumors in the market, but in response to recent media reports regarding third party interest in MSCI, we believe such reports are incorrect. We are not in discussions with any third party, and we have not received any offer or indication of interest,” the company said in a statement. The stock had rallied to record highs earlier in the session, after the U.K.’s Evening Standard reported that MSCI rejected S&P Global Inc.’s $120-a-share buyout bid because it was too low. The report said several parties appeared interested in a merger deal with MSCI. S&P Global’s stock slipped 1.5% in recent trade, but was down 2.5% at its intraday low. MSCI’s stock has rallied 42% over the past year, while the S&P 500 has gained 18%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The U.S. charged two Russian FSB officers and two others for computer hacking, economic espionage and other criminal offenses relating to the hacking of Yahoo. The Justice Department and the FBI said after getting unauthorized access to Yahoo’s systems to steal information from about at least 500 million accounts, the hackers used information to get at accounts of Russian journalists, U.S. and Russian government officials and private-sector employees of financial, transportation and other companies. One of the defendants also exploited his access to Yahoo’s network for his personal financial gain, by searching Yahoo user communications for credit card and gift card account numbers and also redirecting a subset of Yahoo search engine web traffic so he could make commissions.

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From:: Stock Market News

Shares of Ardagh Group S.A. were trading at $22.16 Wednesday morning, above the company’s $19 issue price, in the stock’s debut on the New York Stock Exchange. The Luxembourg-based food and beverage packing maker sold 16.2 million shares at $19 each to raise $307.8 million. The company had set a price range of $17 to $20 per share. Citigroup, Deutsche Bank Securities and Goldman, Sachs & Co were the lead underwriters on the offering.

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From:: Stock Market News

The U.S. Energy Information Administration on Wednesday reported that domestic crude-oil supplies fell for the first time in 10 weeks. Supplies declined by 200,000 barrels for the week ended March 10. The American Petroleum Institute late Tuesday reported a 531,000-barrel decline, while analysts polled by S&P Global Platts forecast a climb of 3.5 million barrels. Gasoline supplies fell by 3.1 million barrels, while distillate stockpiles dropped 4.2 million barrels last week, according to the EIA. April crude was up 78 cents, or 1.6%, to $48.50 a barrel on the New York Mercantile Exchange. It was trading at $48.70 before the supply data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of MSCI Inc. rocketed 11% to a record high Wednesday, after reports that the market index compiler has received, and rejected, a buyout bid by S&P Global Inc. because it was too low. The U.K.’s Evening Standard reported Wednesday, citing City sources, that S&P Global approached MSCI with a buyout bid of $120 a share, which was 25% above Tuesday’s closing price of $96.33, and would imply a market capitalization of about $10.9 billion. But the company and its major shareholders are holding out for a $130-per-share bid, Evening Standard reported, which would value MSCI at about $11.8 billion. S&P Global’s stock shed 1.3% in morning trade. It is believed that there are several parties interested in buying MSCI, including exchange houses and private-equity firms, the report said. MSCI’s stock has run up 55% over the past 12 months, while S&P Global shares have rallied 40% and the S&P 500 has climbed 18%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News