Daily Highlights: 3.2.10

Tyler Durden's picture
  • Asian stocks climb on US consumption, improving economic outlook, semiconductor sales.
  • Australia raises benchmark rate to 4% as recovery withstands debt concerns.
  • Brazil stocks gain as commodities, metals surge.
  • Colombia eyes up to $800M 2010 debt issues.
  • EU sets clock ticking on Greece as Merkel talks near.
  • Global semiconductor sales surprisingly rose 0.3% in Jan from the previous month.
  • Japan's Jobless rate unexpectedly declines to 4.9% as exports spur hiring.
  • Oil hovers below $79 in Asia as investors eye mixed signals from US economy.
  • Pound declines for sixth day on prospect of political deadlock; Yen drops.
  • World-wide hotel rates fell 14% last year as the recession continued to dent travel.
  • ABM Industries' Q1 EPS comes in at $0.27 (cons $0.32); revs fell 2.0% to $869.9M.
  • AIG sells its Asian operations in a govt-approved $35.5B deal to Prudential PLC.
  • ArvinMeritor says underwriters purchase 2.6M shares at $10.50/sh.
  • CF Industries offers $4.7BforTerra.
  • CIT Group expects $900M loss in 4Q, $4B for year.
  • Daimler, BYD Co. to jointly develop an electric vehicle to be sold in China.
  • Diageo to buy stake in Sichuan Shui Jing Fang Co., one of China's oldest spirits brands.
  • General Motors to recall 1.3M compact cars to fix power steering.
  • GM expected to announce a shake-up of its sales and marketing operations.
  • Hebei Iron & Steel Group is in talks to invest $6B in an iron ore project in Brazil.
  • LyondellBasell Board said to reject $14.5B Reliance Industries bid.
  • McDermott Intl reported Q4 sales of $1.46B, missing avg. analyst est. of $1.56B.
  • Nortel's Chapter 11 trustee objects to proposed 'extraordinary' bonuses.
  • OSI Pharmaceuticals' Board rejects Astellas Pharma's $3.5B hostile takeover offer.
  • Qualcomm plans to buy back as much as $3B of shares, ups qtrly dividend by 12% to $0.19/sh.
  • Singapore's GIC, Abu Dhabi face $10B loss on UBS, Citigroup stakes.
  • Sony says about two thirds of its PlayStation 3 video-game consoles (20M) may have a glitch.
  • Toyoda: Key reason for quality problems was an excessive focus on market share, profits.
  • US Treasury Dept scheduled a March 3 auction of BoA warrants granted to it.
  • Watson Pharma to divest its ownership position in ScinoPharm Taiwan for $94M.

Economic Calendar: Data on Auto Sales to be released today.

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Data provided by Egan-Jones Ratings and Analytics