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Daily Highlights: 4.22.10

Tyler Durden's picture




 
  • Asia stocks decline, Yen gains on concern over Obama financial reform plan.
  • Greek bond yields surged to new crisis highs, a move that coincides with a slump in volumes.
  • Massive fire on an oil rig in the Gulf of Mexico left 11 workers missing.
  • Russia, Egypt seek to raise $8.5B in return to overseas bond market.
  • Singapore to review Hedge, PE funds rules as regulators increase oversight.
  • Altria Group's Q1 earnings rose 38% to $813M on market share gains. Revs up 27%.
  • AMR Corp.'s Q1 loss widened to $505M on higher fuel costs. Revs up 4.7% at $5.07B.
  • AT&T's Q1 profit fell 21% to $2.48B, largely on a health-care charge. Revs flat at $30.65B.
  • CenturyTel to purchase Qwest.
  • Continental's March loss increased from $136M last year to $146M this year.
  • Credit Suisse posts fifth straight quarterly profit, at $1.92B, as debt unit rebounds.
  • Ebay's Q1 net rose 11% to $397.6M on 9% increase in revs. Sees Q2 net up 9-15%.
  • Elan Corp. reported a much narrower Q1 loss; f'casts operating profit for 2010.
  • Fiat to spin off industrial-vehicles business, sees €600M in engineering savings with Chrysler.
  • Hynix swings to Q1 profit of $742M on firmer chip prices.
  • Hyundai Motor's qtrly net jumps fivefold to record $1B, on economic recovery.
  • Morgan Stanley swung Q1 profit of $1.78B, powered by strong bond trading.
  • Nestle says sales growth accelerates to 6.5% on Nespresso, emerging market.
  • Pepsi's March quarter earnings rise from $1.1B to $1.4B.
  • Qualcomm posts Q1 profit of $774M as revs improved by 9% to $2.66B.
  • Qwest and CenturyTel are in talks over a potential merger.
  • Raytheon's March quarter net income slipped from $452M last year to $445M this year.
  • RJ Reynolds losses $46M Florida trial; March earnings up 11%.
  • SLM Corp. swung to a Q1 profit of $240.1M as net interest income quadrupled.
  • Starbucks reported traffic growth in US stores for the first time in 13 quarters, contributing to a 7% jump in same-store sales.
  • Visa to pay $2B for CyberSource Corp., provider of electronic-payment security services.
  • Wells Fargo's Q1 interest income declined 7.6% from a year earlier, to $13.2B.

Economic Calendar: Data on Initial & Continuing Claims, PPI, Existing Home Sales to be released.

Earnings Calendar: ABB, ABC, AMZN, AN, APD, AXP, BAX, BBT, BTU, BX, CAKE, CB, DOX, EMN, FITB, KMB, MAR, NOK, NYT, SHW, TXT, VZ.

RECENT RATING ACTIONS

MORGAN STANLEY (MS)
EASTMAN KODAK CO (EK)
HARLEY-DAVIDSON INC (HOG)
RYDER SYSTEM INC (R)
MCDONALD'S CORP (MCD)
AT&T INC (T)
USG CORP (USG)
AK STEEL HOLDING CORP (AKS)
WEATHERFORD INTERNATIONAL (WFT)
INTL. BUSINESS MACHINES (IBM)
BRINKER INTERNATIONAL INC (EAT)
SNAP-ON INC (SNA)

Data provided by Egan-Jones Ratings and Analytics

 

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Thu, 04/22/2010 - 08:39 | 312395 john_connor
john_connor's picture

Input costs ------>Higher

8:36a

Wholesale prices jump 0.7% on higher food prices

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