News Highlights: Top Equities Stories Of The Day

TOP STORIES 12 KILLED, 31 WOUNDED IN SHOOTING AT FORT HOOD One suspected gunman is among 12 killed when three gunmen opened fire at the Soldier Readiness Center of Fort Hood in Texas, says Lt. Gen. Robert Cone, the fort's commander. Another two suspected gunmen are in custody. US STOCKS RISE SHARPLY; DOW TOPS 10,000 Stocks show no signs of trepidation ahead of tomorrow's October jobs report, charging to strong gains, led by consumer discretionary stocks, financials, industrials and materials. The Dow rises 204 points to close above 10,000. DOJ CHARGES 14 IN INSIDER-TRADING INVESTIGATION Prosecutors charge 14 people with crimes, including lawyers, a former Moody's analyst, an executive at Atheros Communications and the founder of trading firm Incremental Capital, in an insider-trading case. CBS SWINGS TO PROFIT ON SYNDICATION SALES CBS reports a profit of $207.6 million, or 30c a share, on higher syndication sales as advertising revenue improves. Revenue slips 0.8% to $3.35 billion. Shares rise 2% late as revenue tops Wall Street's expectations. US 3Q PRODUCTIVITY SURGES; JOBLESS CLAIMS FALL U.S. productivity surges in the third quarter to its highest level in six years as the economy emerges from its worst downturn in decades. Meantime, the number of U.S. workers filing new claims for jobless benefits falls more than expected. STARBUCKS PROFIT SOARS Fiscal 4Q profit soars to $150 million, or 20c a share, from year-ago $5.4 million, as coffee retailer continues its turnaround and exceeds its targets for cost reductions. Excluding items, EPS comes to 24c; analysts expected 21c. Shares rise 4% late. OCTOBER US RETAIL SALES MIXED Retailers on the cusp of the holiday buying season find consumers still exercising restraint, as October same-store sales come in below expectations, dragged by a poor performance from teen retailers and mixed results from department stores. CVS PROFIT JUMPS; SEES BIG CLIENT LOSSES CVS Caremark's 3Q profit rises a stronger-than-expected 39% to $1.02 billion amid revenue gains at its pharmacy-benefits business. CEO says company had some "big client losses" in its Caremark business for next year's season. Shares drop 20%. FANNIE MAE LOSS NARROWS, MORE GOVT AID Fannie Mae posts a narrower 3Q loss of $18.87 billion, or $3.47 a share, but reported $22 billion of credit-loss provisions and foreclosed-property costs as it continues to deal with spiking delinquency rates. CITIGROUP PLANS IPO FOR PRIMERICA LIFE-INSURANCE UNIT Citigroup announces plans to have an initial public offering of its Primerica Inc. life-insurance unit as the financial giant looks to continue separating its noncore businesses. IMS HEALTH AGREES TO BE ACQUIRED FOR $4B IMS Health will be acquired by private equity firm TPG Inc. and the Canada Pension Plan for $22 a share, or about $4 billion. Deal also includes the assumption of nearly $1.2 billion in debt. Shares jump 24%. ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= TAKING STOCK Dow's Big Gain Doesn't Change Corrective Bias There's something about a triple-digit gain in the Dow Jones Industrial Average that can change the mood on Wall Street, at least for a day, but it can't change the stock market's trend, Tomi Kilgori writes. POINT OF VIEW SEC Looks Into 'Empty Voting' Securities and Exchange Commission is getting around to assessing a fundamental aspect of share ownership: do you need to have economic skin in the game in order to vote shares? Don't look for any action soon, writes Neal Lipschutz. ============ U.S. MARKETS ACTION =========== DJIA up 203.82 points to 10005.96 NASDAQ up 49.80 points to 2105.32 S&P 500 up 20.13 points to 1066.63 10-year T-note 100 24/32 at 3.531 yield down .004 NYMEX Spot Crude down $0.78 at $79.62/bbl at close Dallar/Euro up 0.0003 at 1.4875