Daily Highlights: 11.17.2010

• API reports surprise decline in crude-oil supplies.
• Asian stocks, commodities drop as China drafts price curbs; Won, Euro fall.
• EU starts work on Irish bank aid package, stops short of immediate bailout.
• FDIC is conducting abt 50 criminal investigations of directors, employees at US banks.
• NAHB index rose to 16 in November from a downwardly revised 15 reading in Oct.
• Amgen Inc. is studying a takeover offer for Actelion Ltd.
• Boeing to buy privately-held CDM Technologies. Terms undisclosed.
• Carlyle's Booz Allen Hamilton raises $238M in IPO.
• China said to hold talks with BPCE, Nova Scotia on stake in Guangzhou Bank.
• Dick’s Sporting Goods shares gained 12% as Q3 results beat estimates.
• Dynegy faces asset sales, bond talks, absent approval of Blackstone deal.
• El Paso Pipeline Partners sells $750M of new debt.
• Energizer obtains antitrust clearance in connection with American Safety Razor buyout.
• FDA backs lupus drug Benlysta, developed by Human Genome Sciences, Glaxo.
• Ford will sell shares in Mazda Motor Corp. to about 10 firms.
• Glaxo rises after FDA panel's backing of lupus treatment with human genome
• GM said to increase IPO size by 31% as US Treasury, UAW sell more stock.
• Heineken plans to start next phase in share buyback program for Femsa deal
• Hot Topic misses by $0.04, posts Q3 EPS of $0.01. Revs fell 3.4% to $183.2M.
• Icahn remains opposed to proposed Blackstone acquisition of Dynegy at $5.00/sh.
• Potash Corp announces $2B share repurchase program.
• Roche Holding AG, as part of an efficiency-and-productivity effort will cut 4,800 jobs.
• Signs of increased demand are emerging in the US: Rio Tinto.
• Target's Oct. net income up from $436M last year to $535M this year.
• UPS forecasts holiday shipping up 7.5%.
• Urban Outfitters hikes its share repurchase program by an addln 10M shares.
• Urban Outfitters posts Q3 EPS of $0.43 vs. year-ago's $0.36 (cons est. $0.42).
• Wal-Mart's Q3 net rises 9.3%; raises FY, Q4 EPS view.

Economic Calendar: Data on CPI, Housing Starts, Building Permits & Crude Inventories to be released.
Earnings Calendar: AMAT, BJ, CHS, DRYS, HOTT, LTD, NTAP, PERY, PETM, TGT, WMG.

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Data provided by Egan-Jones Ratings and Analytics

Comments

[dan22]

http://www.youtube.com/watch?v=Yjr7NtntWeQ

[Duuude]

FDIC is conducting abt 50 criminal investigations of directors, employees at US banks...

Pluto is discovered to be made of dog ear lint as well.

.

[snowball777]

"Carlyle's Booz Allen Hamilton raises $238M in IPO."

$238M for professional bullshit artists? Nice work, if you can get it.

[meichou]

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