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Daily Highlights: 6.23.10

Tyler Durden's picture




 
  • 56% of 106 economists, analysts surveyed expect home prices to fall this year: Macromarkets LLC.
  • Asian stocks fell Wednesday, with energy stocks among the biggest losers.
  • Banks hit by £2B yearly levy in UK; France and Germany promise similar measures.
  • Chinese steelmakers hit hard by govt saying it will scrap a tax rebate for exports.
  • Oil firms, drill operators clash on who should pay for rigs idled by the recent offshore-drilling moratorium.
  • Adobe Board grants authority to repurchase up to $1.6B in common stock by 2012.
  • Apogee Q1 loss wider than expected on margin plunge, weak sales.
  • Apple iPad sales hit three million 80 days after launch.
  • Apple and Android lead smartphone 38% growth in Western Europe
  • BASF sees good Q1 business trends continuing in Q2 -CEO. To acquire Cognis in deal worth €3.1B, including debt.
  • Carnival Q2 net off 4.5% at $252M on fuel costs; Revs up 8.4% at $3.2B.
  • CKE Restaurants posts Q1 loss of $0.06/sh (cons +$0.18/sh); revs fell 2.6% to $435.2M.
  • Credit Agricole's Greece unit now expects to return to profit in 2012 (prev 2011).
  • FCC approves AT&T's $2.35B purchase of wireless licenses from Verizon Wireless.
  • Google's Android winning over software developers and gaining ground on Apple
  • HB Fuller beats by a cent, posts Q2 EPS of $0.39. Revs rose 16.3% to $347.9M.
  • Italy's Intesa Sanpaolo sells 96 branches, local bank to Credit Agricole for €740M cash.
  • Jabil Circuit swings to Q3 profit of $52M as revs jump 32%. Sees a better Q4.
  • McCormick announces new share repurchase authorization of up to $400M.
  • Petrobras postpones $25B share issue; raising set back at least two months.
  • Philip Morris says profit to increase as sales compensate for weaker Euro
  • SAIC to raise almost $1.5B in share sale for own brands
  • Sanofi may pay Regulus up to $750M for MicroRNA drug development
  • Shell pays up for bond sale as energy debt extends losses
  • Walgreen's Q3 net falls 11% to $463M, hit by elimination of a tax benefit. Revs up 6.1%.
  • Walt Disney to sell luxury vacation homes in Florida.

Economic Calendar: Data on New Home Sales, Crude Inventories, FOMC Rate Decision on card.

Earnings Calendar: BBBY, FRD, FSII, GRO, KMX, MLHR, NKE, PAYX, RAD.

RECENT RATING ACTIONS
CARNIVAL CORP (CCL)
CROWN HOLDINGS INC (CCK)
JEFFERIES GROUP INC (JEF)
AEP INDUSTRIES INC (AEPI)
ALLIANCE ONE INTERNATIONAL (AOI)
GEORGIA GULF CORP (GGC)
RALCORP HOLDINGS INC (RAH)
PPL CORP (PPL)
PANTRY INC/THE (PTRY)
CORN PRODUCTS INTERNATIONAL (CPO)
ITT CORP (ITT)
SMITHFIELD FOODS INC (SFD)

Data provided by Egan-Jones Ratings and Analytics

 

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Wed, 06/23/2010 - 08:42 | 428697 I need more asshats
I need more asshats's picture

"Apple iPad sales hit three million 80 days after launch."

Good to hear that there are at least 3 million idiots in this world. I wonder how many real iPads were shipped to real customers instead of phantom PO Boxes in Cupertino.

What were the initial sales projections? Prolly like 90 million for the first 60 days.

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