This page has been archived and commenting is disabled.

Daily Highlights: 12.14.09

Tyler Durden's picture




 
  • Asian markets rebounded Monday after Dubai received $10B in financing from Abu Dhabi.
  • China launches landmark natural gas pipeline tapping into Central Asia's vast reserves.
  • Dubai gets $10B in financing from Abu Dhabi, part to be used to pay down Dubai World debt.
  • Euro gains after Dubai gets $10 billion of aid from Abu Dhabi.
  • France's Sarkozy to unveil details of euro35B plan to spur investment in universities.
  • Germany's budget sees a record of $125B in new borrowing next year, spending rise of 10.5%.
  • Iraq's Halfaya oil field, with reserves est. at 4.1 billion, awarded to CNOOC, Petronas and Total.
  • Japan Tankan sentiment rises at slower pace as Yen's gains threaten profit.
  • New legislation to give US govt new powers to break up companies that threaten the economy.
  • Oil falls to near $69 in Asia as OPEC doesn't plan output cut at meeting next week.
  • Production, Housing starts in US probably climbed as economy picked up: Bloomberg Survey.
  • UK housing market recovery will peter out in 2010 on forced sales: Rightmove Plc.
  • US govt sells its warrants to purchase common stock in JP Morgan for $936.1M.
  • AOL in talks to sell its ICQ instant-messaging service to Russia's Digital Sky Technologies.
  • Apple Inc. says it is countersuing Nokia Corp., defending its cellphone technologies.
  • AXA Asia Pacific will consider a $11.72B sweetened buyout proposal from its parent and AMP.
  • Beijing Automotive reaches tentative deal to acquire certain assets of GM's Saab unit.
  • Cadbury says rivals emerge to Kraft bid, lifts goals.
  • Citigroup said to near accord on $20B TARP payment, US stake sale.
  • Citigroup sued by Terra Firma Capital for alleged fraud in EMI acquisition .
  • Clear Channel Comm's revs declines eases; fell 8% in Nov vs. -19% in Oct.
  • ExpressJet Airlines' November traffic rises 13% in November from a year earlier.
  • Fairfield Residential LLC, a large apartment owner and developer, filed for bankruptcy.
  • Google has designed a cellphone - Nexus One, that it plans to sell directly to consumers.
  • Toyota plans to start selling plug-in hybrid vehicles to consumers in 2011 at low price.
  • Vodafone open to selling its 4.4% indirect stake in Bharti Airtel, may list Vodafone Essar.
  • Woodside Petroleum Ltd. to sell $2.3B of stock to expand Australia's Pluto project.

Earnings Calendar: ALCO, SMTS, TTWO, PAY

Companies to watch: AOL, Apple, Cadbury PLC, ExpressJet, Global Crossing, P&G, Take-Two Interactive.

RECENT EGAN-JONES RATING ACTIONS
AMERICAN TOWER CORP (AMT)
MCKESSON CORP (MCK)
CARDINAL HEALTH INC (CAH)
OVERSEAS SHIPHOLDING (OSG)
GAMESTOP CORP (GME)
OWENS & MINOR INC (OMI)
ALCOA INC (AA)
CHATTEM INC (CHTT)
STEEL DYNAMICS INC (STLD)
PROCTER & GAMBLE CO/THE (PG)
SARA LEE CORP (SLE)
WASTE CONNECTIONS INC (WCN)
COSTCO WHOLESALE CORP (COST)

Data provided by Egan-Jones Ratings and Analytics

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/14/2009 - 10:04 | 163136 Anonymous
Do NOT follow this link or you will be banned from the site!