Market Update

Shares of H.B. Fuller Co FUL dropped about 1.02% after the company agreed to buy the industrial-adhesives business of Forbo Group for 370 million Swiss francs ($395 million). Shares of Toyota Motor Corp TM fell about 0.02% after the company projected a 6% y/y decline in its global sales this year. Toyota expects global sales to drop to 7.90 million vehicles this year. Toyota projects a 20% growth in Toyota-only global sales. However, it projects global production to rebound by 24% to 8.65 million vehicles in the next year. Toyota expects 2013 Toyota-only global sales to grow to 8.95 million vehicles. Shares of Banco Bradesco SA BBD rose about 0.97% after the company reported that its board has authorized a plan to buy back up to 15 million shares. The repurchase program includes 7.5 million common shares and 7.5 million preferred shares. Shares of Tibco Software Inc TIBX gained about 7.64% after the company reported a 38% surge in its fiscal fourth-quarter profit. Tibco Software also issued upbeat revenue projections for the current quarter.