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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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Funny Take-Two just released:
http://www.rockstargames.com/theballadofgaytony
Oracle's profit jumped 12%.
"But Oracle said revenue rose 4% from the year-ago period, which followed two straight periods of revenue declines amid a greater slowdown in tech spending." WSJ.
Not so rosie...
Ya that and the stupid Patriot Act and the out of control stupid european union spending hundreds of billions a year on spying might just be slowing down a bit as they figure out too much information and detail is too costly.
Stopped using my crappy Discover Card when they changed the rebate from 1% to 1/4 of one percent. They lost more than 25K of charges in 2009 alone that now go on my Visa Card
TD - Wake up. The Iran story should be posted by now. http://www.bloomberg.com/apps/news?pid=20601087&sid=a3lUUctgSWI4&pos=8
The troops are Israeli dressed as Iranians.
Funny how this happens as the price of crude is correcting. The Squids costume department has been deployed to Iraq.
You have to love this part:
"Calls to Iran’s presidential office, Foreign Ministry and Ministry of Defense weren’t answered. Friday is the weekend in Iran."
That's some fine investigative reporting there Woodward & Bernstein.
Did you even get out of bed to write this story?