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Daily Highlights: 6.16.10
- Asian shares were solidly higher Wednesday after Wall Street rallied Tuesday.
- China boosts holdings of US Treasury debt by $5 billion.
- Euro zone May inflation confirmed at 1.6 pct y/y.
- France may raise retirement age from 60 to 62 in 2018.
- Obama says oil spill shows US must cut oil 'addiction’.
- OECD recommends Dutch workers stay on the job longer, accept less when they retire.
- Russia preparing to buy Canadian, Australian dollars to diversify reserves.
- Yen trades near 1-week low on improving global economic outlook.
- Best Buy Co.'s Q1 profit rose a disappointing 1.3% to $155M despite 6.9% rise in revs.
- Brazilian meatpacker Marfrig to acquire distributor Keystone Foods for $1.26B.
- BSkyB rebuffs News Corp. takeover offer, seeking higher price.
- Casey's General Stores' qtrly profit surged 41% despite legal fees. Revs up 34%.
- Clarcor Inc.'s Q2 profit jumped 42% on better-than-expected 12% sales growth.
- Hyundai Heavy Industries won a $1.6 billion order from Dhuruma Electricity Co. to build a power plant in Saudi Arabia.
- Illinois Tool Works' revs for the quarter ended May 2010 rises 21%; ups Q2 f'cast.
- J&J expands January recall to add Benadryl, Tylenol lots that were “inadvertently omitted from the initial recall.”
- La-Z-Boy's cautious view overshadows Q4 profit rise from year-ago's $5.2M to $13.7M.
- Maxis may raise $1.4B to pay debt, upgrade broadband network.
- Nestlé sues Sara Lee, says coffee capsules sold by latter violate patents on Nespresso.
- Philip Morris to appeal Colombian regulator's decision to deny its $425M bid to acquire Productora Tabacalera de Colombia.
- Rio Tinto said it will invest $469M in a nickel and copper mine in Michigan.
- Rising labor costs in China forcing US apparel retailers to seek cheaper sources.
- Shell has restored output at its Forcados crude export terminal in Nigeria.
- Stewart Enterprises, Funeral Consumers Alliance, enter agreement to end lawsuit.
- Tesla Motors schedules its IPO on June 29, hopes to raise $178M.
Economic Calendar: Data on Housing Starts, Building Permits, Capacity Utilization, Industrial
Prodn & Crude Inventories to be released.
Earnings Calendar: ABCW, CFI, FDX, GMTC, IHS.
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Obama says oil spill shows US must cut oil 'addiction’.
Never let a good crisis go to waste, eh Barry?
Take away Al Gore's Gulfstream
docj,
Yet, he has NO clue what we will replace it with, nor the money to invest in the tecnologies to develop it.
The man is an idiot.He is NO leader, he's damaged goods, beyond redemption.
He's a goner'.
If the Dems were smart, they would ignore him on every issue he has left on the table,and stop spending.
He spent half his speech promoting MORE taxes,(on a broke dick dog consumer) and his AGENDA than proposing dealing with what is the largest disaster of the last possibly 500yrs.
We have NO easily attainable energy left........yeah, sell that shit to someone who knows better.
LNG, is cheap, abundant, clean, and vehicles /engines can run on it with a rather inexpensive conversion, has been used for 50yrs.
Oh, I hear you Dos. I hear you.
He's a goner'.
Heh - I'm afraid you overestimate the intelligence of the American Electorate. Greatly.
If the Dems were smart...
Uh, yeah.
He spent half his speech...
Even Olberloon and "Tingles" Chrissy thought his speech was God-awful. If you're Barry and you've lost MSDNC, well, you can easily figure-out the rest.
Good call on LNG, too. Diesel hybrid cars/trucks would also help on the transportation front.
As for power generation, well the eco-nuts won't let us so all that much there. So, if Barry is ready to tell the NIMBY's and the Starbucks-drinking eco-whackos to get stuffed on, at a minimum, building at least 20-brand-spanking-new nuclear power plants a year for the next 10-years then I'm willing to think about giving him the time of day. Otherwise, I just assume he STFD and STFU.
Frustrated at the lack of action in New Orleans? Want to be pro-active in helping in what is coming to the GOM?
Come, we can do something together…
http://aadivaahan.wordpress.com/prare/
Last nights speech - paraphrasing - "and we will restore the Gulf Coast to it's original beauty." More money. I have become completely desensitized to the number of zero's in all of this - everything!. Just the other day, when the one trillion discovery in Afghanistan was being discussed, I was thinking, "one trillion dollars,that's it?" Can someone refresh me on what a "trillion" means, again?
" Can someone refresh me on what a "trillion" means, again? "
oddly enough, the same as the true definition of a billion
Oh yes, a billion.
VI,
Perspective,take a one dolar bill, stack it one on top of another, at 67 miles, you have a trillion dollars.