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Daily Highlights: 2.05.10

Tyler Durden's picture




 
  • Asian stocks fall most in 10 weeks on US jobless claims.
  • Australian central bank raises outlook, sees 3.25%-3.5% growth ahead.
  • Bank of England voted against extending its bond buying program.
  • China announces anti-dumping steps on US chicken amid trade disputes.
  • China's stocks drop for 3rd week on global recovery concern.
  • Gold saw its biggest slide in 16 months, joining other metals in a broad sell-off.
  • Hong Kong stocks fall, headed for longest run of weekly losses since 2008.
  • Swiss Franc declines from 15-month high on intervention speculation.
  • U.S. stock slide continues as jobless claims weigh.
  • U.S. Treasury to sell $77Bin bills.
  • Abercrombie & Fitch January same-store sales were up 8% vs. cons est. of -8%.
  • World stocks tumble after Wall Street decline amid concern about global weakness.
  • Air Products offers to buy Airgas for about $7B in stock and debt.
  • Berkshire to sell $8B of debt to finance the takeover of Burlington Northern Santa Fe Corp.
  • Cigna swings to Q4 profit of $330M, topping estimates. Revs dip 3.8% to $4.64B.
  • Colgate to buy back 40M shares over two years.
  • CVS may get earnings 'windfall' from Lipitor, Plavix generics.
  • DBS Grp Hldgs' Q4 net rises 67% to $347M on stronger fee income and stable expenses.
  • Kellogg expects Y10 EPS growth of 11-13% vs. prev view of 10-12% growth.
  • Kraft, Berkshire raise $17.5B for acquisitions.
  • MF Global Hldgs reported its fourth consecutive quarterly loss, at $27.9M. Revs down 41%.
  • Northrop Grumman posts Q4 profit of $413M, amid absence of charges.
  • Reynolds American's Q4 net falls 17% amid declining volume, higher pension cost.
  • State Street to pay back $313M to investors for misleading them about subprime.
  • Sunoco Inc., cites weak fuel demand, posts Q4 net at $26M, down 87%.
  • Thai Airways plans to raise up to $756M via equity sale to reduce debt.
  • T-Mobile parent Deutsche Telekom is exploring an IPO or spinoff of the business.
  • Toyota f'casts surprise net profit for the current fiscal year, sees recall cost ay $2B.
  • Toyota to recall Prius in U.S. over brakes: report.
  • Unibail-Rodamco to buy Simon Ivanhoe, a investor in shopping centers, for €715M.
  • Weyerhaeuser Q4 loss narrows, misses expectations.

RECENT RATING ACTIONS

WESTERN UNION CO/THE (WU)
ROPER INDUSTRIES INC (ROP)
STARWOOD HOTELS & RESORTS (HOT)
RENT-A-CENTER INC/TX (RCII)
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Fri, 02/05/2010 - 09:30 | 218717 moneymutt
moneymutt's picture

banksters have "buyers remorse" about Obama and the Dems?!?

how is it that our political leadership is a commodity to be bought, and I suppose banksters have it so good they can say they can say they are disappointed in the Mercedes compared to the Ferrari

"I sense a lot of dissatisfaction and a lot of buyer's remorse on Wall Street," said Rep. Eric Cantor (R., Va.), the second-ranking House Republican and a top Wall Street fund-raiser for his party.

http://online.wsj.com/article/SB20001424052748703575004575043612216461790.html

 

Fri, 02/05/2010 - 09:54 | 218746 Screwball
Screwball's picture

Intersting article.  I think it proves they are fucking whores.

Fri, 02/05/2010 - 15:49 | 219486 moneymutt
moneymutt's picture

And they are not ashamed to say it to the press, on record.

We really need a populist agenda to test both Dems and Repubs on in primary fights, this is disgusting

Fri, 02/05/2010 - 11:34 | 219004 Anonymous
Anonymous's picture

Hey Obama and team how does this exactly help anyone experiencing problems making their payments when being underemployed on their primary residence?
I mean if you want to steal for your friends and your friends alone why play games with people ...just tell them to flip off...oh I forgot that's exactly what your doing...

Why The IRS Is About To Set Off A New Wave Of Jinglemail

http://www.businessinsider.com/the-irs-is-about-to-set-off-a-new-wave-of...

Fri, 02/05/2010 - 09:43 | 218728 Anonymous
Anonymous's picture

TD....

In the Rose interview with Paulson....

How come the question about the real reason for Paulson's
taking the Treasury job ....approximately $200,000,000 in personal tax savings ?

Who wouldn't want this....as if this was not negotiated in some way by someone ?

And Paulson uses Rose to sell his book....make some more $....

What is this holier than thou bullshit ?

Fri, 02/05/2010 - 11:37 | 219012 Anonymous
Anonymous's picture

Any time a political figure uses religion in the context of what they used for guidance (remember bush/iraq) you know thats a red flag...the only god these pricks worship is money...you know the green type.

Fri, 02/05/2010 - 09:50 | 218738 IKEA Is Swedish
IKEA Is Swedish's picture

So now we're dumping chickens on China. That, after dumping all those US dollars and manufacturing jobs. There's a joke in there somewhere. Anyone? Anyone?

http://www.marketwatch.com/story/china-to-set-anti-dumping-measures-on-us-chicken-2010-02-05

 

Fri, 02/05/2010 - 09:51 | 218741 Anonymous
Anonymous's picture

Are you crazy americans actually going to rally on these unenployment numbers ?
We are a little confused here in the eu

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