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Daily Highlights: 1.14.10
- Asian stocks, Aussie, commodities advance as Australia beats jobs estimate.
- Australia's jobless rate unexpectedly falls to 5.5% in December.
- Beige Book: US economic conditions 'improved modestly' in recent week.
- Budget deficit sets December record of $91.85B reflecting fallout from deep recession.
- Computers shipped to US in Oct-Dec quarter rose 24% YoY - IDC.
- Chavez suspends rolling blackouts in Venezuela's capital, sacks electricity minister.
- Eurozone November industrial output up 1 percent, double market expectations
- Germany's economy shrank 5% in 2009 and probably stagnated in Q4.
- NY Fed President said short-term interest rates may remain low for at least 6 mths.
- Obama to announce fee on some large banks to help recover bailout funds.
- Oil prices inched to near $80/bbl as rising fourth quarter earnings cheered crude investors.
- Property prices in China's 70 largest cities were up 7.8% in Dec - Govt Dept.
- Sales in US probably climbed in December as retailers offered discounts.
- UK manufacturing failed to grow for a second straight month in Nov, dampening hopes hopes of a recovery.
- BASF, DuPont said they are putting to rest duelling patent lawsuits.
- Chrysler sales will continue to slump until around June : CEO.
- Clarcor's Q4 earnings falls 15% to $24.7M on a 12% dip in revs to $234.4M.
- El Paso Pipeline Partners LLP prices 8.75M share offering at a discount at $24.48/sh.
- GM to halt Hummer production next week pending sale to the Chinese co.
- Jackson Hewitt Tax Srvcs says it will have only part of its tax-refund loan program in place by Friday's opening of tax season.
- Magna International expects 2010 consolidated sales of $19.5-20.5B.
- Marathon Oil expects refining margins in Q4 at $0.01 per gallon vs. $0.12 last year.
- Massey Energy prepones expansion plans to cater to increasing Asian coal demand.
- Mizuho said to mull Japan's first share rights offering to boost capital.
- SocGen issues profit warning; to incur a $2B hit from risky assets in Q4.
- Zale CEO Neal Goldberg, 2 others leave; Theo Killion takes interim CEO position.
Economic Calendar: Data on Initial & Continuing Claims, Retail Sales, Business Inventories today.
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If you're going to copy the Egan-Jones morning report, you should probably give them credit.