Market Overview

Market Update

Shares of H.B. Fuller Co (NYSE: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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.

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