Daily Highlights: 11.9.2010

• Inc. to sell its distribution business to TPG Inc. for $930M.
• AutoZone sells $500M of 10-year debt in increased offer.
• Bank of China reportedly considering taking a stake in Portugal's Banco BPI SA.
• Barclays' Q3 net falls 76% as invt banking unit posts loss on revaluation of its own debt.
• BlackRock's largest investors BofA, PNC raise $8.3B in stock sales.
• Chrysler reported Q3 loss of $84M; ups 2010 forecast. Expects positive free cash flow.
• Deutsche Post, owner of DHL, makes 3rd consecutive quarterly profit.
• Ellison testifies Oracle has a $4B infringement case against SAP.
• GE to invest more than $2B through 2012 to boost research and development in China .
• Genzyme: Sanofi-Aventis' $69 offer is not appropriate.
• HCA plans a $2B dividend.
• McDermott Intl's Q3 net drops 82% to $20.8M as revs fall by 27.5% to $732.1M.
• Munich Re says Q3 profit rose 19%.
• Novatek to raise $1.5B via Eurobonds sale; buys 51% stake in SeverEnergia, Sibneftegas.
• PPG Industries Inc. may sell $1B of debt in a three-part offering.
• Shell sells about a third of its holding in Woodside Petroleum for $3.35B.
• Toshiba Q2 op profit up 95% from yr ago.
• Tower Group beats by $0.02; posts Q3 EPS of $0.77. Net premiums up 69.1%.
• UPS sells $2B of bonds for funding pension contributions.
• Vodafone plans to sell its interests in Softbank Corp. for about 3.1B pounds.

Economic Calendar: Data on Wholesale Inventories to be released today.

Earnings Calendar: ABK, BNE, DF, DPTR, GRO, GTIV, IVAN, MBI, SRE, TYC, UWBK, VOD.

RECENT RATING ACTIONS

HERTZ GLOBAL HOLDINGS INC (HTZ)
PRICELINE.COM INC (PCLN)
CROWN CASTLE INTERNATIONAL (CCI)
COCA-COLA ENTERPRISES INC (CCE)
HANGER ORTHOPEDIC GROUP INC (HGR)
CENTURYLINK INC (CTL)
EMC CORP/MASSACHUSETTS (EMC)
SANDISK CORP (SNDK)
ASHLAND INC (ASH)
MARATHON OIL CORP (MRO)
USG CORP (USG)
ALPHA NATURAL RESOURCES INC (ANR)

Data provided by Egan-Jones

Comments

[gong li]

Tyler,

don't you think that a 1.3 billion transfer from the taxpayer pocket to Microsoft's Steve Ballmer pocket is breaking news?

I have not read a post or a comment yet.

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