Daily Highlights: 4.20.10

• Asian stocks rebound on SEC's split vote on Goldman, Economy.
• Saudis tightening Chinese energy ties to move away from dependence on US.
• UK inflation rate rises to 3.4%
• Yen falls versus higher-yielding currencies on recovery signs.
• Amylin reported a narrowed Q1 loss of $38.2M as costs dropped. Revs fell 3.5% to $174.1M.
• Arch Coal sees metallurgical-coal sales tripling on demand from steelmakers.
• BofA-Merrill rank first on Credit Suisse's tally for CDO `Litigation Risk'
• Bank of New York's March net income rises from $322M last year to $559M this year.
• China Mobile first-quarter profit misses estimates as new user gains slow
• Citigroup posts quarterly earnings of $4.4B- its best showing since credit-market meltdown.
• Coal India said to plan $2.9B IPO in nation's biggest share sale.
• Coca Cola's Marchnet income rises from $1.3B last year to $1.6B this year.
• Crown Hldgs' Q1 net rose a slim 2.5% to $41M as revs improved by 5.5% to $1.78B.
• Daimler offered a more optimistic 2010 outlook after posting Q1 EBIT of $1.09B.
• Gilead halts clinical trial of an experimental drug for hepatitis C.
• GM plans to repay $4.7B in US govt loans ahead of its self-imposed June deadline.
• Goldman Sach's March net income rises from $1.8B last year to $3.5B this year.
• Halliburton Co.'s Q1 earnings fell 45% to $206M; revs fall 3.8% to $3.76B.
• Hasbro's Q1 earnings tripled to $58.9M; board announces addln $625M in share-repurchase.
• IBM's profit jumped 13%, though it booked fewer new consulting contracts than a year ago.
• Lincare Hldg reports Q1 EPS of $0.67 (cons est. $0.60); revenues rose 10.5% to $410M.
• Novartis First-Quarter Profit Rises 49% to $2.9 Billion, Beating Estimates
• SABMiller 4Q beer sales beat estimates on growth in Colombia
• SAP and Adobe are among technology companies turning to debt to raise capital.
• Steel Dynamics beats by $0.03, posts Q1 EPS of $0.29. Revs up 91% at $1.55B.
• Telecom Italia will cut 6,822 jobs through 2012, raising previous figure
• Tesco Plc fell as much as 2.4% in London trading as international earnings declined
• Toyota motor to recall 2010 Lexus GX 460 sport utility on rollover concern
• Zions Bancorp's Q1 loss narrowed to $86.5M (year-ago's $852.3M) on lower loan loss provs.

Earnings Calendar: AAPL, AKS, ALTR, AOS, APH, BIIB, CHE, COH, CREE, DAL, ETN, FULT,GILD, GS, HOG, ITW, JNJ, KO, MI, MYE, NVS, PH, STT, USB, USG, WCN, YHOO.

RECENT RATING ACTIONS

PRUDENTIAL FINANCIAL INC (PRU)
CITIGROUP INC (C)
HALLIBURTON CO (HAL)
AMERICAN CAPITAL LTD (ACAS)
RADIOSHACK CORP (RSH)
PETROHAWK ENERGY CORP (HK)
PPG INDUSTRIES INC (PPG)
GANNETT CO INC (GCI)
NOBLE CORP (NE)
BANK OF AMERICA CORP (BAC)
PINNACLE ENTERTAINMENT INC (PNK)
ORACLE CORP (ORCL)

Data provided by Egan-Jones Ratings and Analytics

Comments

[Herne the Hunter]

Positive earnings results keep reverberating through Earth's crust.

Look at the 10-min candlestick plot on the 0.5-1.0 Hz continuing to ramp up...

http://hraun.vedur.is/ja/Katla2009/stodvaplott.html

[Kina]

Central Europe, Western Europe the UK all buried under ash.

Nuclear war breaks out between North Korea, Pakistan, India and Fiji. China freezes all trade with the USA. Australia goes onto the Kangaroo Standard.

Earth destroyed by unseen asteroid.

DOW rallies to 12,000.

 Just another Fed day on the Stock Exchange.