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Daily Highlights: 6.3.10

Tyler Durden's picture




 
  • Asian stocks rise, default risk falls on US home, car sales; Yen weakens.
  • China warns US over a decision to slap duties on imports of Chinese steel gratings.
  • China plans to subsidize purchases of energy-efficient vehicles to help cut emissions.
  • Chinese tech stocks rise most on govt plans to increase investment in these industries.
  • European stocks climbed, following positive sessions on Wall Street and in Asia.
  • May sales at store open a year or more expected to rise 2-2.5% YoY - ICSC.
  • ARM, IBM and allies announce plans for software venture.
  • AT&T stops unlimited Internet data plans to new customers with smartphones, iPads.
  • Bombardier's Q1 net falls 3% to $153M; revs down 4.9% to $4.25B.
  • BP may sell Prudhoe Bay stake to finance cleanup of Gulf Oil spill.
  • Citigroup’s plan to shift bad loans to a new division from its U.S. consumer-finance business
  • will make the remaining network profitable-McDowell,CEO,CitiFinancial unit.
  • Collective Brands' Q1 profit grew 43% to $54.2M on higher margins,international sales.
  • Dynamex Inc. lowered its 2010 EPS f'cast to as low as $1.05 (cons $1.21).
  • Hearst Corp. finalized purchase of digital-marketing firm iCrossing Inc. for about $325M.
  • Hon Hai said it would increase wages for its workers in China by 30%.
  • Honda to resume car production in China, but wage negotiations ongoing.
  • Hovnanian Entrps Q2 loss narrows to $28.6M, lower than what cons estimated.
  • Petrobras names banks to manage $25B share sale.
  • Royal Ahold first-quarter profit rose 46 percent.
  • SonicWALL to be acquired by group led by Thoma Bravo, LLC for $11.50/sh in cash.
  • Toyota U.S. sales of its luxury Lexus brand rose 31 percent in May
  • Xstrata suspends $5.6B Australian projects amid mining tax backlash.

Economic Calendar: Data on Productivity-Rev., Initial Claims, Factory Orders, Crude Inventories to be released.

Earnings Calendar: AGYS, BH, COO, CRMT, ESIC, KKD, NAVR, SAI, TRU, ZQK.

RECENT RATING ACTIONS
UNUM GROUP (UNM)
STONE ENERGY CORP (SGY)
FELCOR LODGING TRUST INC (FCH)
MARATHON OIL CORP (MRO)
AETNA INC (AET)
AUTONATION INC (AN)
LUBRIZOL CORP (LZ)
EOG RESOURCES INC (EOG)
CON-WAY INC (CNW)
PENSKE AUTOMOTIVE GROUP INC (PAG)
NYSE EURONEXT (NYX)
LIZ CLAIBORNE INC (LIZ)

Data provided by Egan-Jones Ratings and Analytics

 

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Thu, 06/03/2010 - 08:58 | 391434 snowball777
snowball777's picture

AT&T stops unlimited Internet data plans to new customers with smartphones, iPads.

I wonder how AAPL feels about AT&T killing future sales for them.

Thu, 06/03/2010 - 09:31 | 391492 Hephasteus
Hephasteus's picture

"SonicWALL to be acquired by group led by Thoma Bravo, LLC for $11.50/sh in cash."

Haha. There goes the CIA's spyware baby. UnTangle bitches.

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