Daily Highlights: 11.8.2010
- CEOs most optimistic on US profits since 1999 in bull signal for S&P 500: Bloomberg.
- China is 'available' to support Portugal through financial crisis, Hu says.
- China's trade surplus likely rebounded in October after narrowing in September.
- ECB rejects request for files on Greek derivative use, cites 'acute' risks.
- Euro falls as concern over Irish bond sales, Greece damps investor demand.
- Fed poised to start allowing healthy banks to increase their dividend payments.
- G-20 conflict risk eases as US says current-account targets unrealistic.
- Oil extends longest rally since April as US jobs report beats forecasts.
- World Bank Chief: G20 should consider adopting a global reserve currency based on gold as part of structural reforms.
- World Bank’s IFC plans to offer benchmark debt in US dollars.
- AIG hopes to complete its government exit before year end. Posts $2.4B loss in Q3.
- AK Steel announces $40/ton price increase for its carbon steel products.
- Amazon.com may buy Quidsi Inc., the parent co of Diapers.com, for $540M cash.
- AOL hires advisers to explore strategic options, incl a possible tie-up with Yahoo.
- AvalonBay Communities may sell up to $500M of stock over 3-yrs to fund working capital.
- Berkshire reported Q3 operating earnings of $2,787 vs. $2,055 in last year's quarter.
- Boeing has informed several clients that their Dreamliner 787s will be delayed yet again.
- Bristol-Myers tablets approved in US for treatment of Type 2 diabetes Mellitus in adults.
- CBS says TV Ad prices are up 35% from ads bought before season
- Commerzbank third-quarter profit misses estimates, shares fall
- E.ON AG in talks with investors to sell its UK electricity distribution network for GBP3.5B.
- GT Solar Co raises guidance for FY11, sees EPS of $1.00-1.10 (cons $0.93).
- Rolls-Royce shares slumped 3.0% after Qantas found oil leaks in engines
- Sara Lee to be near agreement to sell unit to Grupo Bimbo
- Shell to sell about a third of Woodside stake for A$3.31B
- STX Group plans IPOs for cruise-ship builder, China yard as orders rebound.
- TPG Capital may bid for CommScope Inc., topping $3.9B offer from Carlyle Group.
- Wal-Mart slashes toy prices to keep Target from being the low-cost leader this season.
- Walt Disney signs joint venture to build first Mainland-China theme park
- Washington post profit triples on higher-education unit and advertising gains
- Zurich Financial Redeems $1 Billion of Subordinated Debt Ahead of Schedule
Earnings Calendar: BPL, HAWK, ICCC, KWK, LGF, MDRX, MNTG, PCLN, PEIX, TESO.
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Data provided by Egan-Jones