Daily Highlights: 2.16.10

• Asian stocks, copper, Aussie Dollar rise as earnings boost confidence in recovery.
• Australia and China committed to starting negotiations on an “open skies” accord.
• Bank of Japan may refrain from easing credit even as deflation intensifies.
• Possible European debt crisis is seen pushing US Dollar to its highest point in 9 months.
• EU finance ministers are uniting to oppose Pres. Obama’s Banking overhaul.
• Indian inflation accelerated to 8.56% in January, up from 7.31% in December and 4.95% a year ago.
• Japan stays ahead of China as world's second-biggest economy as 4Q GDP strong.
• AIG opted to keep its money-losing U.S. mortgage guarantor after selling Canadian and Israeli subsidiaries of the unit.
• BAE Systems to book £592M in write-down in 2009 accounts after it failed to win a follow-on contract for producing cargo trucks for the US Army.
• Barclays' 2009 net profit more than doubled, beating expectations as a $9.91B gain helped offset bad-debt charges.
• Brown & Brown's Q4 net falls 29% to $23.7M on lower margins; revs too fell 7.7% to $214.2M.
• Dubai World may offer creditors just 60% of the money they are owed as part of a deal to reschedule $22B in debt.
• Foster's Grp misses est., 1H net falls 13.5% to A$355.7M. Revs fell 4.7% to A$2.40B.
• JP Morgan to pay $1.7B for parts of energy-trading unit owned by RBS, Sempra Energy.
• KDDI Corp urged to increase stake in Jupiter Telecom, fend off Sumitomo bid.
• L'Oréal's 2009 net income falls 8.2% to €1.79B as revs edge down 0.4% to €17.47B.
• MAN SE swung to Q4 loss of €472M amid €382M in write-downs. Revs fell 18% to €2.64B.
• Mexico's Grupo Televisa acquires 30% stake in Nextel Mexico for $1.44B.
• Nokia, Intel launch linux-based mobile operating system.
• Oshkosh Corp. to keep U.S. Army contract to build armored trucks valued at $3B.
• Pfizer lost petition to temporarily stop the largest Philippine drugmaker, from selling a generic copy of its high- cholesterol medication Lipitor.
• Simon Properties makes an offer for General Growth Properties.
• Toyota vehicles linked to 34 deaths by consumers filing complaints on acceleration faults.
• Westpac's Q1 net rises 33% to $1.42B on lower impairment chrgs, 1.7% rise in lending.
• Yara International ASA to acquire U.S. fertilizer producer Terra Industries Inc. for $4.1B.

RECENT RATING ACTIONS

TERRA INDUSTRIES INC (TRA)
LOUISIANA-PACIFIC CORP (LPX)
SPRINT NEXTEL CORP (S)
GOODRICH CORP (GR)
UNITED PARCEL SERVICE INC (UPS)
LABORATORY CORP OF AMERICA (LH)
MOTOROLA INC (MOT)
MARRIOTT INTERNATIONAL (MAR)
STEEL DYNAMICS INC (STLD)
STEEL DYNAMICS INC (STLD)
UNITED STATES STEEL CORP (X)
COCA-COLA ENTERPRISES INC (CCE)
COCA-COLA CO/THE (KO)

Data provided by Egan-Jones Ratings and Analytics

Comments

[DRju]

thanks for the updates

This will blow up big time:

Read this:
http://www.marketwatch.com/index_americas.html/?b=0-....

better look out below!

[Anonymous]

Is that why India bought all that gold? They are hyper-inflating within their economy.

[Tom123456]

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