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Global Markets: RIMM Up on Report Company's Rebuffed Takeover Talks

Wednesday, 21 Dec 2011 | 11:40 AM ET

The U.S. markets are moderately lower, as volume gets lighter toward the end of the year. Oracle earnings weigh heavily on the Nasdaq, as the company misses earnings for the first time in a decade. Housing related stocks are mixed even though sales of previously owned homes rise in November. And RIMM shares jump on report that the company has rebuffed takeover talks.