Daily Highlights: 12.13.2010

• Asian stocks, Dollar, copper climb as China refrains from increasing rates.
• Australia overhauls banking rules; said it would improve banking competition.
• China pledges to change growth model in 2011, tackle prices, grow quickly.
• Chinese Premier Wen to visit India in bid to build mutual trust amid disputes over territory, trade.
• China risks 'rush' to tighten in 2011 after inflation accelerates past 5%.
• EU leaders set to focus on debt crisis facility as ECB grapples with banks.
• Euro falls to $1.3202 in morning European trading as EU nations to meet amid debt crisis.
• Fed to buy $105 bln in bonds in coming month.
• Obama signals brighter vision of tax reform; to address income inequality.
• OPEC dismisses $90 oil price as 'blip,' maintains production targets again.
• Retail sales probably rose in November as consumers boosted US recovery.
• U.K. retailers see Christmas at least as good as 2009.
• A&P, the troubled grocer, filed for Chapter 11 bankruptcy protection Sunday.
• Airgas tells Court Board is at odds over Air Products hostile takeover bid.
• BYD plans to test market an all-electric battery in the U.S. next year.
• Carlyle faces setback for listing plans; CFO departure could delay debut.
• China Datang's wind power unit said to raise $643M in Hong Kong IPO.
• Church & Dwight announces pricing of $250M of 3.35% senior notes due 2015.
• Colonial Properties Trust may sell shares equivalent to as much as $100M.
• Daimler AG plans to invest €3B in China by 2015.
• GDF Suez says that it plans to spend $3B on gas plant in Cameroon.
• GE leads suitors for oilfield services firm Wellstream; plans a 800M pound-plus bid.
• GE raises quarterly dividend 17% to $0.14 per share from $0.12/sh.
• GMAC can sell foreclosed homes in Maine after Judge rejects homeowner bid.
• Honeywell to hike annual dividend 10% to $1.33/sh.
• Pfizer stops clinical trials of Thelin and initiates voluntary product withdrawal.
• Sanofi-Aventis extends $18.5B unsolicited offer for US-based Genzyme.

Earnings Calendar: ABM, AIR, APFC, CCL, DFS, MLHR, PAYX, RVI, SCHL, STEI, WGO.

RECENT RATING ACTIONS
SCHLUMBERGER LTD (SLB)
PENTAIR INC (PNR)
NATIONAL SEMICONDUCTOR CORP (NSM)
PALL CORP (PLL)
PINNACLE ENTERTAINMENT INC (PNK)
MOSAIC CO/THE (MOS)
CROWN HOLDINGS INC (CCK)
OCCIDENTAL PETROLEUM CORP (OXY)
GREAT ATLANTIC & PACIFIC (GAP)
BECKMAN COULTER INC (BEC)
COMMUNITY HEALTH SYSTEMS (CYH)
TENET HEALTHCARE CORP (THC)

Data provided by Egan-Jones

Comments

[chinaguy]

China will be fully short before they announce the rate tightening. Very nice to place bets knowing your announcement will move markets. Must be learning from GS et al.