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Daily Highlights: 4.05.10

Tyler Durden's picture




 
  • Asia stocks, commodities rise as US employment data lifts recovery view.
  • California hotel foreclosures climb as unemployment curbs business travel
  • Construction spending in U.S. declines to seven-year low amid foreclosures
  • Crude oil climbs to 17-month high amid signs of global economic recovery.
  • Manhattan apartment sales double as buyers seek bargains after price drop
  • Mortgage rate on 30-Year fixed U.S. home loans rise to 5.08%
  • Service industries in US probably grew at fastest rate since June 2007: Bloomberg survey.
  • Turkey stocks approach record high as deputy PM Babacan predicts 10% economic growth.
  • Yen rises on speculation Japanese exporters buying currency; Pounds gains.
  • Air Products extends tender offer to acquire Airgas for $60/sh.
  • Allstate boosts CEO Wilson's compensation as stock declines for third year
  • Apple IPad debut sales may be beating estimates, signalling tablet revival.
  • Bombardier posted a 43% drop in profit, as the global recession eroded orders.
  • Campbell's Soup loses out to Nestle's pizza, Kraft's macaroni and cheese
  • CarMax Q4 earnings more than doubled to $75.4M on strong used-car sales.
  • Dai-ichi Life shall target Asian expansion after World's biggest IPO in 2 years
  • Developer China Vanke is said to increase five-year loan to $500M
  • Exelon Corp. expects $65M in Q1 charges related to the U.S. health-care law.
  • Former Morgan Stanley real estate bankers to create investment firm
  • Nationwide swings to profit on improved investments and lower disaster costs
  • New Tesoro CEO faces state and federal probes after fatal refinery explosion
  • Oil India Ltd., state owned explorer says it has more than $2.5B cash available for acquisitions.
  • RBS selling commercial mortgage debt in first such offering since June '08
  • Ryanair raised its full-year profit f'cast to 'not less than €310M' following strong bookings.
  • SandRidge oil reserves were the main focus of Arena Acquisition
  • SandRidge Energy is acquiring west Texas rival Arena Resources Inc. for $1.55B.
  • Scholastic's Q3 loss narrowed to $5.6M on lower expenses. Revs fell 6% to $399M.
  • Starwood to raise $2.8B for two real estate funds
  • Valero to take a $15-20M in Q1 due to health care related charges.
  • Verizon joins AT&T and Caterpiller in booking expenses from health-care law
  • Yamaha Motor falls in Tokyo after announcing $805M new share sale

Economic Calendar: Data on ISM Services, Pending Home Sales to be released today.

RECENT RATING ACTIONS

MYLAN INC/PA (MYL)
GOODRICH PETROLEUM CORP (GDP)
RITE AID CORP (RAD)
STAGE STORES INC (SSI)
GENWORTH FINANCIAL INC (GNW)
FERRELLGAS PARTNERS LP (FGP)
UNIFI INC (UFI)
PEABODY ENERGY CORP (BTU)
COEUR D'ALENE MINES CORP (CDE)
CONOCOPHILLIPS (COP)
CNH GLOBAL NV (CNH)
HCP INC (HCP)

Data provided by Egan-Jones Ratings andl Analytics

 

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Mon, 04/05/2010 - 08:12 | 286320 orange juice
orange juice's picture

economic calendar doesn't include emergency fed meetings?

Mon, 04/05/2010 - 10:07 | 286389 Ira Fuse
Ira Fuse's picture

Presidential Executive Order 6102

 

Check the date! 

 

Coincidence the Fed having an emergency meeting today?

Mon, 04/05/2010 - 08:22 | 286328 ratava
ratava's picture

how do asian stocks rise on a holiday?

Mon, 04/05/2010 - 08:51 | 286346 Missing_Link
Missing_Link's picture

The sun rises in the east and sets in the west.  That means Asian markets open before Western ones.

Mon, 04/05/2010 - 08:48 | 286345 overmedicatedun...
overmedicatedundersexed's picture

Where are the 300,000 jobs the MSM kept harping on last week..?? Schizophrenia can carry this market only so far..Madness.

Sat, 04/10/2010 - 05:38 | 294398 mark456
mark456's picture

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