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Daily Highlights: 2.12.10

Tyler Durden's picture




 
  • Asian stocks rose on Friday, lifting the MSCI Asia Pacific Index to its first weekly gain in four.
  • China inflation 'blip' masks price pressures from property, credit surge.
  • China orders banks to set aside more deposits to cool the fastest-growing major economy.
  • Euro declines for third day on concern Greece measures may not be enough.
  • Eurozone economy grows by only 0.1 percent in 4Q 2009.
  • Germany, others pledged “determined and coordinated action” to help Greece.
  • IEA revised its 2010 crude oil demand f'cast from 85.3M barrels daily to 85.5M barrels.
  • IMF says central bankers should consider aiming for a higher inflation rate.
  • Japan economy probably grew at fastest pace in two years as exports surged.
  • Oil falls below $75 in Asia ahead of key US crude inventory report.
  • Quarter of the 8.4M jobs eliminated since the recession began won't be coming back: WSJ.
  • Air France-KLM's Q3 fares fell 11%; projects worse-than-expected loss for the current period.
  • Alcon beats by $0.10, posts Q4 EPS of $1.61. Revs rose 14.5% to $1.72B.
  • Bayerngas GmbH may bid for RWE AG pipelines valued at as much as $1.37B.
  • Brookfield Asset Mgmt buys 16 office properties from JP Morgan for about $200M.
  • Cephalon posts Q4 EPS of $1.23 vs. cons est. of $1.60. Sees Q1 EPS at $1.60-1.70.
  • EnCana Corp.'s Q4 net falls 41% to $636M, revs (net of royalties) fell 44% to $2.71B.
  • FirstEnergy agreed to acquire Allegheny Energy for $4.7B in stock.
  • General Cable issues downside guidance for Q1, sees EPS of $0.05-0.15 vs. cons $0.37.
  • Motorola to split into two publicly traded companies by the first quarter of next year.
  • PepsiCo' Q4 net nearly doubled to $1.43B amid prior-year commodity hedging charges. Revenue increased 4.5% to $13.3B.
  • Philip Morris to buy back $12B in shares.
  • Regulators hired by Toyota helped halt US safety probes, documents show.
  • Renault expects business to remain difficult in 2010 due to decline in the European market.
  • Stephen Ross and Related Cos. raise more than $1B from investors to buy a bank.
  • Wal-Mart de Mexico Q4 profit rise 17% to $440M as it lowers prices, increases customers.
  • Western Union to pay $94M to settle dispute in fight over suspected smuggling money.
  • Yahoo's founders plan to sell up to 5M shares over next 15 months.

Economic Calendar: Data on Retail Sales, Crude Inventories to be released today.

Earnings Calendar: ALE, DUK, E, HCP, IR, PDS.
RECENT RATING ACTIONS
UNITED STATES STEEL CORP (X)
COCA-COLA ENTERPRISES INC (CCE)
COCA-COLA CO/THE (KO)
MICRON TECHNOLOGY INC (MU)
MOLSON COORS BREWING CO (TAP)
ALLIANCE ONE INTERNATIONAL (AOI)
DEAN FOODS CO (DF)
OMNICOM GROUP INC (OMC)
VIACOM INC (VIA)
BOSTON SCIENTIFIC CORP (BSX)
FIRSTENERGY CORP (FE)
ALLEGHENY ENERGY INC (AYE)
CBS CORP (CBS)

Data provided by Egan-Jones Ratings and Analytics

 

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Fri, 02/12/2010 - 09:38 | 228252 Anonymous
Anonymous's picture

Dude you guys are asleep at the wheel, commodities and stocks fell because china increased it's reserve ratio requirement.

Fri, 02/12/2010 - 09:53 | 228263 Going Down
Going Down's picture

 

Hide and Seek

 

A U.S. push to legally access data generated by Europe's electronic banking activity has been rebuffed by EU lawmakers in a vote of parliament, according to published reports.

 

http://rawstory.com/2010/02/european-union-denies-snoops-access-banking-...

 

Fri, 02/12/2010 - 10:01 | 228274 Anonymous
Anonymous's picture

Friday, February 12, 2010
Schwarzman Says Kowtow to Banks or They Will Strangle the Economy

Can someone shut these banking industry narcissists up?

http://tinyurl.com/y9ocl2k

Fri, 02/12/2010 - 10:09 | 228290 deadhead
deadhead's picture

 Dubai 5 yr CDS rise above 600 BPS first time since Nov. 09; up 40 BPS on the day - CMA Datavision

Ummm, i thought everything was okay with Dubai and it is just Greece we need to worry about????

 

Fri, 02/12/2010 - 10:24 | 228314 Anonymous
Anonymous's picture

They could not find anyone to bribe....so....

Goldman Server Accused of High-Speed Voting
February 12, 2010, 7:32 am

A group leading a campaign to implement what it calls the Robin Hood tax, which would target bankers, says that a vote it held on the levy was hit by artificial opposition, with 5,000 votes pouring in against it the space of 20 minutes, The Guardian reports.

The group claims that it traced the votes to two servers, one of which is registered to Goldman Sachs.

In response to the incident, Goldman said: “We have just received this information, and we are investigating the matter fully.”

The measure, the group’s Web site says, is “a tiny tax on bankers that would raise billions to tackle poverty and climate change.”

http://dealbook.blogs.nytimes.com/2010/02/12/goldman-server-accused-of-h...

Fri, 02/12/2010 - 10:29 | 228325 Anonymous
Anonymous's picture

Goldman Server Accused of High-Speed Voting
February 12, 2010, 7:32 am

A group leading a campaign to implement what it calls the Robin Hood tax, which would target bankers, says that a vote it held on the levy was hit by artificial opposition, with 5,000 votes pouring in against it the space of 20 minutes, The Guardian reports.
The group claims that it traced the votes to two servers, one of which is registered to Goldman Sachs.
In response to the incident, Goldman said: “We have just received this information, and we are investigating the matter fully.”
The measure, the group’s Web site says, is “a tiny tax on bankers that would raise billions to tackle poverty and climate change.”

http://dealbook.blogs.nytimes.com/2010/02/12/goldman-server-accused-of-h...

Fri, 02/12/2010 - 12:37 | 228517 Hephasteus
Hephasteus's picture

I agree with the IMF. Please put a couple hundred thousand dollars in my account. I'll help out.

Mon, 04/19/2010 - 10:01 | 307790 Tom123456
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