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Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) today made a new 52-week high at $46.40 and settled to closed up 2.91% at $45.69 on12.85 million shares. Yesterday, Dow Jones reported that Heineken N.V. holds talks with Fomento Economico Mexicano SAB de CV (Femsa) with the interest of acquiring Femsa's beer division. Femsa is also having talks with SABMiller plc for a possible merger worth approximately USD 9 billion.
Accenture Plc (NYSE:ACN) was another stock which made a new 52-week high at $38.24 and ended the day at $37.50, jumped up 2.66% on 11.31 million shares. Yesterday, the world’s second-largest technology-services company forecast revenue for this quarter and for fiscal 2010 that missed analysts’ estimates as the economic slump crimped consulting sales. It reports Q4 EPS of $0.39, versus the analyst estimate of $0.63. Revenue for the quarter was $5.15 billion, which compares to the estimate of $5.11 billion. Sees Q1 sales of $5.3-$5.5 billion, versus the consensus of $21.99 billion. Sees FY10 EPS of $2.64-$2.72, which compares to the Street estimate of $2.77. Announces a $4 billion buyback. Also raised its dividend by 50% to $0.75.
Net Servicos de Comunicacao SA (ADR) (NASDAQ:NETC) touched a new 52-week high at $12.27 and closed at $12.11, rallied 3.06% on 1.59 million shares . So far this year the stock has more than doubled. Net Servicos de Comunicacao SA (Net Servicos) is a multiservice holding company engaged in the pay-television and broadband Internet industries in Brazil.
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