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Daily Highlights: 1.15.10

Tyler Durden's picture




 
  • Asian shares were mixed, with tech stocks gaining after solid earnings from Intel.
  • China charged US with “backsliding” toward protectionism; warns on Google.
  • Chinese equity funds had a third week of outflows as the central bank tightened lending.
  • Foreign Direct Investment in China more than doubles to $12.1B in Dec as economy recovers.
  • Jobless Claims in US increased 11,000 last week to 444,000.
  • Mortgage rates mostly fell in the past week, 30-yr fixed-rate mortgages back toward 5%.
  • Oil slips below $79 in Asia as traders eye stronger US dollar, weak crude demand.
  • Treasury Secretary Geithner to testify about secretive bailout deals with AIG, banks.
  • U.K. retailers are warning of little or no industry growth in 2010.
  • US Retail sales fell 0.3% in Dec, leaving 2009 with the biggest yearly drop on record.
  • Yen, Dollar gain as China slowdown concern damps demand for higher yields.
  • Abington Bancorp Inc. plans to buy back as many as 1M shares, or 5% of its stock outstanding.
  • Agricultural Bank of China said to consider shunning foreign investment before IPO.
  • Agrium Inc pursues CF Industries after CF drops Terra Industries bid.
  • AU Optronics to hire 2,500 new engineers and R&D staff this year, biggest since 2007.
  • BHP Billiton won a 38% reduction in copper processing fees from two Japanese smelters.
  • CDC Software withdrew a recent offer to buy Chordiant Software, sells its 1.3% stake.
  • Commonwealth Bank of Australia's H1 net rises 44% on lower bad debts, rally in equities.
  • Daewoo Shipbuilding under focus after Posco said it may bid for the company.
  • Delphi Financial prices public offering of $250M of 7.875% senior notes due 2020.
  • Hershey is said to accelerate efforts to prepare Cadbury offer.
  • Intel's Q4 surged despite a $1.25B settlement with AMD, gives upbeat f'cast for Q1.
  • Japan Airlines Corp. procured a loan of $1.6B from state-backed Development Bank of Japan.
  • Motorola keeps auction of its biggest business unit on hold; is considering other options.
  • Penn National Gaming exits bidding process for Fontainebleau casino-hotel project.
  • Rusal's $2.5B Hong Kong share offering said to be fully subscribed.
  • SAP AG's Q4 revenue dropped 9%, a smaller decline than the company had projected.
  • Shiseido Co. has agreed to acquire Bare Escentuals Inc. for $1.7B.
  • Williams-Sonoma sees Q4 EPS of $0.69-0.74 (prev $0.36-0.45); revs at $1.06-1.08B.

Economic Calendar: Data on CPI, Empire Mfg Survey, Capacity Util, Ind Prodn-Dec today.

RECENT RATING ACTIONS
AMGEN INC (AMGN)
WHIRLPOOL CORP (WHR)
BRIGGS & STRATTON CORP (BGG)
ACCO BRANDS CORP (ABD)
NASDAQ OMX GROUP INC/THE (NDAQ)
TORO CO (TTC)
XCEL ENERGY INC (XEL)
SPEEDWAY MOTORSPORTS INC (TRK)
HERSHEY CO/THE (HSY)
WYNDHAM WORLDWIDE CORP (WYN)
SUPERVALU INC (SVU)
HERSHEY CO/THE (HSY)
ANADARKO PETROLEUM CORP (APC)

Data provided by Egan-Jones Ratings and Analytics

 

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Fri, 01/15/2010 - 12:20 | 194910 Anonymous
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