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Daily Highlights: 10.12.2010

Tyler Durden's picture





 
  • Aluminum prices in China may gain more than 10% on output cuts.
  • Asian stocks fall on lower commodity prices, Yen concerns; Toyota declines.
  • China may worsen trade tensions with biggest quarterly surplus since 2008.
  • China reportedly lifts reserve ratio for top banks.
  • Greece raises $1.6 billion in oversubscribed 26-week treasury bill auction.
  • Japan's Noda says ready to take 'bold' action after Yen hits 15-year high.
  • Oil falls a second day after stronger Dollar reduces appeal of commodities.
  • Thailand to levy 15% tax on income earned on domestic bonds purchased by overseas investors.
  • UK House-Price gauge drops to 16-month low on supply increase: RICS.
  • ActivIdentity to be acquired by ASSA ABLOY, for $3.25/sh.
  • China's Sihuan Pharma IPO may raise $741M in Hong Kong.
  • EDF is said to support sale of Constellation Energy as relationship sours.
  • Facebook, Zynga impose fees on worker stock sales to limit outside owners.
  • Ford: Sept Asia-Pacific, Africa region sales rose 27% to 78,700 units.
  • Global Payment misses by $0.02, posts Q1 EPS of $0.67. Revs up 7.4% to $440.1M.
  • GM's China Sept sales rose 15% to 208,353 vehicles vs. Augusts' 19% growth
  • Gymboree to be acquired by Bain Capital for $65.40/sh cash ($1.8B).
  • Halozyme to reduce research related to new compounds, cut jobs by 25%.
  • Harbin Electric CEO, Baring offer to buy company for $752.2M.
  • Honda’s China sales rise 3% YoY in September to 60,913 units.
  • KKR buys Chevron’s 23.4% stake in Colonial Pipeline Co.
  • Malaysia's Petronas Chemicals plans to raise as much as $4B via IPO.
  • Posco Q3 profit drops 9% on higher material costs, lowers 2010 profit forecast.
  • Sales in September for utility tractor industry fell 11%, while Deere’s sales were down less than 10%.
  • Seneca Capital buys 9.3% stake in Dynegy Inc.; may oppose Blackstone's
  • $4.7B offer to buy the utility company.
  • Severstal to spend $6.4B on capital expenditure, excl maintenance, through 2014.
  • Wal-Mart Stores said it will start selling Apple Inc.'s iPad on Friday.

Economic Calendar: Minutes of FOMC Meeting to be released today.
Earnings Calendar: CRI, CSX, FAST, GYRO, INTC, LLTC, ODC, PKX, VOXX.

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Data provided by Egan-Jones

 


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Tue, 10/12/2010 - 07:57 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

iPads.... Sorry I just don't get why they are such a HUGE deal.

Tue, 10/12/2010 - 08:10 | Link to Comment LeBalance
LeBalance's picture

"Greece raises $1.6 billion in oversubscribed 26-week treasury bill auction." -- Sure they did, just like Eire I bet.

"Japan's Noda says ready to take 'bold' action after Yen hits 15-year high." -- enough talk Noda, bring it!  (there's really no war as it is an orchestrated [ore-castrated] dance.) Time to mean reversion: < 2 days. :)

"Wal-Mart Stores said it will start selling Apple Inc.'s iPad on Friday." -- /'squeal!!! shriek!!!!'  Its the Beatles!/

Tue, 10/12/2010 - 08:16 | Link to Comment cossack55
cossack55's picture

The Beatles at WM. Which one?  I need to get George and John's autograph.

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