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Daily Highlights: 12.7.09
- Abu Dhabi
- Apple
- Australia
- Capital One
- China
- Citigroup
- Clear Channel
- Consumer Credit
- daily highlights
- Economic Calendar
- Egan-Jones
- Egan-Jones
- Ford
- General Electric
- General Motors
- Hershey
- Hong Kong
- Japan
- Kraft
- Monetary Policy
- NBC
- NBC Universal
- Nikkei
- ratings
- TARP
- Tender Offer
- Time Warner
- Unemployment
- Yen
- Asia currencies fall, led by Rupiah, on bets US rates to rise.
- China’s top leaders pledged to maintain a “moderately” loose monetary policy stance.
- European stock markets fell as the dollar jumped to a five week high against the euro.
- Nikkei hits 6-week high on weaker yen.
- Sales at US retailers probably rose as consumer spending fuelled economy.
- Treasury Dept to earn $146.5M from its auction of 12.7M Capital One Fincl warrants.
- US says TARP costs $200B less than forecast, helping cut deficit.
- US Treasury said to want to link Citigroup stake sale with TARP payback.
- US Unemployment rate drops to 10% as November payrolls decline by 11,000.
- Yen gains after plunge on US jobs data, boosting oil; Asian stocks climb.
- AOL ends ties with Time Warner.
- Abu Dhabi increases oil price to $78.60 per barrel-- highest in 14 months.
- Apple Inc. acquired online music company Lala Media Inc., terms could not be learned.
- Cadbury will post a formal response to Kraft's $16B takeover offer on Dec 14.
- Chevron signs agreement to sell LNG from Wheatstone project, Australia to Japan.
- China Pacific Insurance said to seek as much as $3B in Hong Kong IPO offering.
- Clear Channel in talks to raise $2.5B: report
- Eli Lilly gets USFDA approval to broaden use of Zyprexa, to teenagers.
- Ford plans to sell as much as $1B of shares, according to a filing with regulators.
- GE promised to buy at least $345M in advertising from NBC Universal for 5 years.
- GM expects its European ops to return to profitability in 2012 on reduced cost structure.
- Hershey said to have contacted Nestle over Cadbury bid to challenge Kraft.
- Kraft began its unsolicited tender offer for Cadbury Plc.
- Intel said its cancelling its first product based on a novel design dubbed Larrabee.
- Kuwait's sovereign-wealth fund sells stake in Citigroup for $4.1B.
- Rio Tinto, Billiton signed binding agreement to combine their western Australian iron ore ops.
- Saudi Aramco - world’s largest state-owned oil co, lowered official Jan selling prices.
- Suzuki will sell its entire stake in a 50-50 Canadian JV to its partner General Motors Co.
Economic Calendar: Data on Consumer Credit to be released.
Earnings Calendar: BTH, CASY, ISYS, KKD, KR, PBY, REXI.
Companies to watch: Blyth Inc., Casey's General Stores, Krispy Kreme Doughnut, Pep Boys.
Recent Egan-Jones Rating Actions
TOLL BROTHERS INC (TOL)
ISLE OF CAPRI CASINOS INC (ISLE)
KENNAMETAL INC (KMT)
ISLE OF CAPRI CASINOS INC (ISLE)
GAP INC/THE (GPS)
COLLECTIVE BRANDS INC (PSS)
GENERAL ELECTRIC CO (GE)
POTASH CORP OF SASKATCHEWAN (POT)
LUBRIZOL CORP (LZ)
MASSEY ENERGY CO (MEE)
WATSON PHARMACEUTICALS INC (WPI)
RITE AID CORP (RAD)
COOPER INDUSTRIES PLC (CBE)
Data provided by Egan-Jones ratings and analytics
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Hey TD....
What about the 100% Tax On US Savers ?
A govt. imposition is a tax ....no ?
What if mom and pop could borrow $10,000,000 for free
and loan it back to the govt. for 200 basis points....?
Last time I checked....thye could not...
But GS, MS, and other bonus pushers can ....
What is wrong with this picture....?
The US Govt/ has imposed a 100% tax on the retired people of the US and/or anyone dependent on savings income....
Remember the word SAVINGS....you know....the money that people get to keep for doing things the right way.....
What are people supposed to do.....go to the fountain of youth and start the work process all over again ????
Where is the fountain of youth ?????
And make no mistake....THIS IS A 100% GOVT. IMPOSED TAX.....