Daily Highlights: 12.16.2010
- Asian stocks, Copper decline before European debt talks; Treasuries gain.
- EU faces `gridlock' on debt crisis; agrees on a crisis- management mechanism in 2013.
- India’s central bank kept benchmark interest rates unchanged after 6 increases this year.
- Oil falls to near $88 in Asia despite plunge in US crude inventory.
- Qatar makes $65B bet it can remake economy in World Cup preparation.
- US foreclosure filings plunge to two-year low as lenders probe practices.
- AAR Corp beats by $0.07, posts Q2 EPS of $0.42. Revs rose 36.0% to $447M.
- Actuant's Nov. quarter net income rose from $12M to $26M.
- AutoZone authorized the repurchase of an additional $500M of common stock.
- BofA has begun potential settlement discussions with some of its largest mortgage investors.
- BP shares down 2.8% in early trading after announcement of Gulf spill lawsuit.
- Celanese hikes prices of all emulsions sold in Americas, Europe, Middle East & Africa.
- Danaher Corp. said earnings in 2011 will be as little as $2.55/sh vs. cons est. for $2.63.
- Elan Corp agrees to pay $203M to settle US probe of Zonegran marketing.
- FleetCor sells its IPO at bottom of price range as three offerings reduced.
- General Mills Nov. quarter net income rose from $566M last year to $614M this year.
- Heico 4Q net income beats analyst expectations.
- Honeywell sees sales to rise 9% next year helped by commercial aerospace unit.
- Joy Global sees FY11 EPS at $5-5.30 vs. cons f'cast of $4.79.
- Nordson Corp. f'cast Q1 EPS to be at least $1.03, exceeding the 94-cent avg estimate.
- Novartis purchases the rest of Alcon (23% stake) for $12.9B.
- ONEOK Partners to invest up to $240M in Cana-Woodford Shale and Granite Wash plays.
- Pfizer extends tender offer to acquire King Pharmaceuticals for $14.25/sh.
- RiteAid's Nov. same store sales off 1.3%, losses were $84M last year $79M this year.
- Southwest Airlines to acquire at least 70 larger 737 aircraft over the next three years.
- Swift Transportation raises $806M via share offering.
- Twitter said it has raised a round of funding that valued the company at $3.7B.
- US sued BP, 8 others involved with the Macondo oil well blow up in GOM for all removal costs, damages and remediation costs.
- Economic Calendar: Data on Initial & Continuing Claims, Housing Starts, Philadelphia Fed to be released today.
Earnings Calendar: ACN, ATU, FDX, GIS, PIR, RAD, RIMM, SCS.
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Data provided by Egan-Jones
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