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Daily Highlights: 4.28.10
- Asian shares were sharply lower on Wednesday, as renewed concerns over Greece.
- BOJ Board said to increase resistance to more stimulus as economy recovers.
- Concerns over Greece and a stronger yen hurt Japanese exporters, Nikkei fell 2.8%.
- Fed likely to sound confident note on recovery, signs grow economy is strengthening.
- German Chancellor Merkel to meet head of European Central Bank, IMF amid Greek debt crisis.
- Greek collateral concerns trigger surge in bank swaps.
- Stocks fall, Asia default swaps climb on Greece, Portugal debt.
- Apple buys Intrinsity Inc., the start-up behind the iPad's chip, for $121M.
- Bank of China reported a bigger-than-expected 41% rise in its Q1 net profit, at $3.8B.
- CIT swings to Q1 profit of $97.3M on lower credit-loss provisions.
- Continental posts 1st quarter pretax profit of $656.5 million.
- FDA warns Teva Pharmaceutical on manufacturing violations.
- Ford, fuelled by rising US sales, reported a better-than-expected $2.1B profit for Q1.
- Honda posts quarterly profit to $774M on recovery and Asia growth, reversing from losses a year earlier.
- Las Vegas Sands: Planned sale of its Macau malls, apartments may raise as much as $12B.
- Lloyds Banking notched a pretax profit in Q1, reiterates 2010 view.
- Manitowoc's Q1 loss--its sixth in a row--narrowed to $23.2M on higher margins.
- McGraw-Hill Cos.' Q1 net rises 64% as higher-education and debt-ratings units boost revs.
- Merck KGaA sees Q1 net profit jump higher to $254 million on demand for liquid crystals.
- Norfolk Southern's Q1 net up 45% to $257M as revs rise 15% to $2.24B, volumes up 9%.
- PetroChina Co.'s Q1 net jumps 71% to $4.76B on higher oil prices. Revs up 75%.
- Shell reports profit up 57 percent in Q1 to $5.48 billion and oil production rise.
- Smith Int'l quarterly net off 88%, revenue off 11%.
- Sprint's March loss increased from $594M to $865M.
- UAL Corp. narrowed its Q1 loss to $82M amid cost discipline and 15% rise in revenue.
- US Steel Corp., beats est., narrows Q1 loss to $157M. Revs up 42% at $3.9B.
- Walmart exploring opening small outposts to penetrate US cities.
Economic Calendar: Data on Crude Inventories, FOMC Rate Decision to be released today.
Earnings Calendar: ABD, ABX, ACE, ALL, AOL, ATI, BEN, CACI, CLF, COG, DCM, DOW, EEP, ESRX, FDML, GSK, GT, IACI, IVZ, JNY, MHS, NOC, RA, S, SAP, WLP.
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Don't mention the deficit in the UK ..... bigots..... :-)
http://www.guardian.co.uk/politics/2010/apr/28/gordon-brown-bigoted-woman
Fed likely to sound confident note on recovery, signs grow economy is strengthening.
$4T of Monopoly Money and 18-months of ZIRP later (with no end for either in view anywhere) and this is what "recovery" looks like?
Color me unimpressed. Don't most if not all death-bound patients make at least one rally (usually medically assisted) before finally giving up the spirit?
+1
One day wonder (yesterday) appears again. BensDay, should have known. Lift up the sheets and take a whiff Ben, your farts "do" stink!