Daily Highlights: 10.1.09

Tyler Durden's picture
  • ADP said the U.S. lost 254,000 private-sector jobs in September.
  • Asian stock markets were mixed Thursday in cautious trade after mild losses on Wall Street.
  • Bank of Japan holds key interest rate unchanged, upgrades economic assessment.
  • Baucus health overhaul would spare insurers gov't competition, cost less for others.
  • British retail sales unexpectedly flat in August, annual rate of increase moderates.
  • Chicago Purchasing Managers' Index unexpectedly fell to 46.1 in September.
  • China Manufacturing grows for seventh month on stimulus, loans.
  • IMF raises 2010 global f'cast to 3.1% From 2.5% as Asia leads recovery.
  • IMF: U.S. growth may be `sluggish' 1.5% in 2010 as unemployment rises.
  • Ameriprise to buy Columbia stock and bond funds from BofA for $1.2B cash.
  • Bharti Airtel, MTN abandon $23B merger after South Africa objects to terms.
  • Chinese automaker BYD says it aims to zoom past Toyota, become industry leader.
  • Cisco to buy Tandberg, a videoconferencing-gear maker, for about $2.98B.
  • Comcast said to discuss NBC Universal stake purchase with GE.
  • Constellation Brands' Aug. net income rises from a $23M loss last year to $100M profit.
  • Diamond Foods Q4 net rises 60%; may sell up to $250M of securities.
  • GM will shut Saturn after Penske ends acquisition talks on supply concerns.
  • Infineon: Sector has passed the worst of the slump, but a long haul ahead.
  • Kodak announces debt offerings expected to raise up to $700M to shore up finances.
  • Macquarie to buy Fox-Pitt Kelton Cochran Caronia Waller LLC, for ~$146.7M.
  • Michelin: recent world economic recovery is shaky and could soon fade.
  • Nortel plans to sell by "open auction" all of its global ops using GSM/GSM-R standard.
  • Oracle reluctant to give up MySQL database to gain antitrust clearance in Europe.
  • PepsiCo taking 'very disciplined' approach to acquisitions: CEO Nooyi.
  • RBS, Lloyds injected $4.4B into their Irish units in past 10 months amid rising losses.
  • Sanofi-Aventis to acquire Fovea Pharmaceuticals for $542M.
  • TransCanada Pipelines to build $1.2B power plant in Southern Ontario.
  • UAL Corp. to sell 19M new shares and $175M in notes in two public offerings.
  • UBS AG warned that third-quarter earnings will be hurt by losses on its own credit.
  • UK regulator issued Kraft a 6-week deadline to either make a formal bid for Cadbury.

Economic Calendar: Data on Personal Income-Spending, Initial Claims, ISM Index, Auto Sales

Recent Egan-Jones Rating Actions
ROCKWELL AUTOMATION INC/DE (ROK)
DEERE & CO (DE)
NIKE INC (NKE)
AMERIPRISE FINANCIAL INC (AMP)
MICRON TECHNOLOGY INC (MU)
POLO RALPH LAUREN CORP (RL)
OXFORD INDUSTRIES INC (OXM)
RELIANCE STEEL & ALUMINUM CO (RS)
CALPINE CORP (CPN)
PHILLIPS-VAN HEUSEN CORP (PVH)
OXFORD INDUSTRIES INC (OXM)
POLO RALPH LAUREN CORP (RL)
MBIA INC (MBI)

Data provided by Egan-Jones Ratings And Analtics