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Wednesday, December 14, 2011

Takeover Digest - Wall Street Journal - Dec 14, (NYSE: AVP), (NASDAQ: CME)

The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Avon Products said it will replace Andrea Jung as chief executive, as it separates the jobs of CEO and chairman and makes Ms. Jung just chairman.* Fed officials left their policy options open for 2012 but took no actions and offered an assessment of the economy that was guardedly more upbeat.* Securities regulators and prosecutors are battling what they say is a nationwide surge in investment fraud against baby boomers.* A CME Group executive testified at a Senate hearing Tuesday that Jon Corzine might have known of an improper shift in customer funds by MF Global Holdings Ltd before the futures firm filed for bankruptcy protection.

Avon Products, Inc. (Avon) creates, manufactures and markets beauty and non-beauty-related products. Shares of AVP fell by 2.36% or $-0.39/share to $16.14. In the past year, the shares have traded as low as $16.09 and as high as $31.60. On average, 5968980 shares of AVP exchange hands on a given day and today's volume is recorded at 8821597.

CME Group Inc. (CME Group) offers a range of products, including those based on interest rates, equities, foreign exchange, commodities, energy and metals. Shares of CME fell by 1.03% or $-2.51/share to $241.00. In the past year, the shares have traded as low as $235.23 and as high as $327.98. On average, 698572 shares of CME exchange hands on a given day and today's volume is recorded at 421013.



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