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Daily Highlights: 3.1.2011

Tyler Durden's picture





 
  • Australia's central bank keeps benchmark interest rate steady, as expected.
  • China Treasury Holdings rise to $1.16 trillion in December, US data show.
  • China’s PMI fell to 52.2 from 52.9 in Jan - slowest pace in six months.
  • European economy recovers; joblessness below 10% but inflation still above target.
  • Oil trades near one-week low after Saudi Arabia offers to cover supplies.
  • US approves first deepwater drilling in Gulf since BP oil spill.
  • Altra Hldgs reports Q4 EPS of $0.24 (cons $0.22); revs rose 16.8% to $130.5M.
  • AutoZone's same store sales up 7.1%.
  • Barclays Plc agrees to buy Citigroup’s Egg credit card assets to add customer accounts at about $3.2B.
  • Bayer AG reports unexpected Q4 loss of $199.5M on Schering brand write-down.
  • Citi under fire over disclosure; Regulator concerned about valuation of troubled securities.
  • Daiichi Sankyo to buy Plexxikon for $935M, add cancer drugs.
  • EOG Res to sell at least 11.8M shares in an offering to the public.
  • Franklin Covey sees Q2 sales, earnings to be significantly higher on YoY basis.
  • General Mills, Nestle said to take lead in bidding for stake in Yoplait.
  • Gilead's $35 HIV prevention pill fails to win doctor support.
  • Goldman estimates possible legal losses at $3.4B.
  • Isle of Capri reports Q3 loss of $0.08; revs rise 2.2% to $232M.
  • JP Morgan disclosed in regulatory filing that losses resulting from being named in more than 10,000 legal proceedings could total up to $4.5B more than current reserves.
  • Luxottica's Q4 net profit rose 88%, predicts a strong 2011.
  • Olin acquires PolyOne's interests in SunBelt partnership for $132.3M.
  • Range to sell its Barnett Shale properties for a purchase price of $900M.
  • Rogers to purchase 1.2M Class B non-voting shares for cancellation in private purchase.
  • Siemens said to weigh IPO for Osram unit within two months.
  • Sotheby's beats by $0.06. Reports Q4 EPS of $1.38; revs up 45.7% at $318M.
  • Universal Health misses by $0.03, posts Q4 EPS of $0.58. Revs rose 20.8% to $1.56B.
  • URS misses by $0.15, misses on revs; guides FY11 revs below consensus.
  • Ventas agreed to acquire rival Nationwide Health Properties for $5.8B.
  • VMware authorized the purchase of up to $550M of its stock through the end of 2012.
  • WR Berkley increases co's share repurchase authorization by 7% to 10M shares.

Economic Calendar: Data on Construction Spending, ISM Index & Auto Sales to be released today.

Earnings Calendar: AKRX, AZO, BGFV, BYD, CWST, DPZ, DY, DYN, HOV, IMO, MBI, MDR, XRIT.

Recent EJR Reports
DEERE & CO (DE)
SOUTHWESTERN ENERGY CO (SWN)
VENTAS INC (VTR)
NATIONWIDE HEALTH PROPERTIES (NHP)
INTERPUBLIC GROUP OF (IPG)
STRYKER CORP (SYK)
MARSH & MCLENNAN COS INC (MMC)
JUNIPER NETWORKS INC (JNPR)
JC PENNEY CO INC (JCP)
NORDSTROM INC (JWN)
JUNIPER NETWORKS INC (JNPR)
MYLAN INC/PA (MYL)

Submitted by Egan-Jones

 


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Tue, 03/01/2011 - 08:58 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Drill baby drill.

GOM back in the news. For all the wrongest reasons....

See this:

http://phoenixrisingfromthegulf.wordpress.com/2011/03/01/are-shallow-earthquakes-associated-with-the-new-madrid-fault-bps-mega-oil-spill/

Surely the terminal madness of the end times, eh?

Drill baby drill! oh, and Palin is coming to India. yick!

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

Tue, 03/01/2011 - 10:20 | Link to Comment mraptor
mraptor's picture

China Treasury Holdings rise to $1.16 trillion in December, US data show.

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/...

 

Hmmm... something fishy going on... another obfuscation ?!?

Look there is two June columns.... and they were not there couple of weeks ago..

Neither were the data the same... up to Nov ?! It was still showing ~800B+

Now out of nowhere all the data is adjusted 6 months or so back...!!!

Can somebody confirm it is not some sort of new HEDONICS on part of the Fed ?!?

 

UK was 500B+  something, I knew it ... UK was some sort of black hole, because

in the old series it was growing as everything else was flat...

Could it be they are hiding something...we wont know right ? Until they are audited.

 

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