Daily Highlights: 12.18.09
- Asian stocks fall on concern banks will need to raise more equity.
- Bank of Japan keeps its benchmark interest rate at 0.1% in unanimous vote.
- Dollar rises, stocks fall worldwide as Greek downgrade fans safety demand.
- European Union approved a 6 percent increase in spending next year.
- German Business confidence probably rose to the highest since July 2008.
- Initial Jobless Claims in US unexpectedly increased to 480,000 last week.
- Japan central bank says it won't tolerate deflation; holds key interest rate at 0.1 percent.
- Japan shares down as banks retreat on prospect of more stringent capital requirements
- Oil rises above $73 in Asia as investors mull OPEC meeting, US crude demand.
- Sen. Shelby to vote against the confirmation of Bernanke for a second term.
- Atmel sells manufacturing operation in Rousset, France to LFoundry GmbH.
- Comverse to pay $225M to settle a shareholder lawsuit over backdated stock options.
- Darden Restaurants expects same-store sales in 2010 to decline at least 3%.
- Discover Fincl's Q4 net down 14% at $370.7M as delinquencies still climb.
- FedEx posted a 30% drop in profit; to resume salary increases, retirement-plan contributions.
- Icahn acquires 11% stake in Take-Two, may seek talks with video-game maker.
- Marsh & McLennan acquires HSBC unit for $218M.
- Morgan Stanley surrenders five San Francisco office towers bought at peak.
- News Corp. is preparing to launch a marketing blitz Friday aimed at Time Warner Cable Inc.
- Nike Inc.'s Q2 profit declined 4% to $375.4M as revs too slips 4% to $4.41B.
- Oracle's profit jumped 12%, sales bet expectations, a sign that tech spending may be poised to rebound.
- Pier 1 Imports swung to a surprise profit in Q3 at $38.8M as revs grew 8.6% to $327.1M.
- RIM's Q3 net jumps 59% to $628.4M as it shipped more than 10 million of its devices.
- Rite Aid Corp. recorded a 10th straight quarter of red ink; posts loss of $88.2M.
- Telstra warns on revenue; said its first-half sales revenue would be down on year.
- UAL Corp. expects Q4 passenger revenue to fall in a range of 6.25% to 7.25%.
- Westpac Banking Corp. raised $1.8B from RMBS - fist such sale since 2007.
- Zale Corp. has cancelled some orders with suppliers as it struggles under debt, low sales.
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