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Morning Coffee Pre-Market Wall Street News

213 views  2012-12-27 07:14   Tagspart  background  company  invest 

Ford to Invest in Michigan. Ford Motor Co. (F) said it will invest more than $773 million in Michigan to update and expand its six manufacturing plants. The upgrades and expansions are part of the company’s plan to invest $6.2 billion in U.S. facilities through the end of 2015. Ford said the investment will create 2,350 new jobs.  Pre-market: 12.75 -0.04 (-0.31%)

Home Prices Post Gain.  The Case-Shiller data through the end of October showed home prices up 6.9% since January of last year. If the gains hold through the end of the year it will be the best results since 2005. 

Downgrades

Marvell Tech (MRVL): JMP Securities lowered their rating from Outperform to Market Perform. Pre-market: 7.19 -0.21 (-2.84%)

Markets: 
Futures at 7:00: Dow +0.22%. S&P +0.23%. Nasdaq +0.30%. Crude -0.10% to $90.89. Gold -0.25% to $1656.40.

Europe: London +0.42%. Paris +0.57%. Frankfurt +0.33%. 

Asia: Japan +0.91% to 10323. Hong Kong +0.35% to 22506. China -0.60% to 2206. India -0.48% at 19324. 

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