>>> US Gapping Down

Gapping down
In reaction to earnings/guidance: EMR -1.3% (trailing 3 month orders down 13%; reaffirmed Q1 and Q2 guidance).

Other news: THLD -14.4% (will reduce its workforce by ~66%; anticipates a one-time severance-related charge associated with reduction to be ~$2.6 mln), CBD -3.7% (announced it has engaged legal advisors and external forensic accountants to perform a review of issues in connection with employee misconduct related to inventory management at Cnova (CNV)), BBVA -2.5% (still checking for anything specific), SNN -2.4% (giving back a portion of Friday's gains, which were attributed to takeover rumor.