Daily Highlights: 6.4.10

• ADP reported 55,000 gain in private sector jobs and a fall in weekly jobless claims in US.
• Asian stocks fall led by commodities on fears China’s plans will curb growth will lower demand.
• China shares flat on worries Europe debt woes might hurt exports, end week down by 3.8 percent.
• Dollar trades near four-year high against Euro; Won falls on war concern.
• EU threatens Suez Environnement with fine for interfering with antitrust probe.
• Eurozone Q1 economic growth confirmed at 0.2 percent despite big drop in debt-laden Greece.
• Hungary has solvency issues.
• Oil prices hover above $75 a barrel in Asia on hopes of continued economic recovery.
• Regulators moving toward pact that would require multinational banks to raise vast sums to cushion against losses.
• Stocks, U. S. futures rally ahead of jobs report.
• US Payrolls probably rose for fifth month, led by census jobs: Bloomberg Survey.
• Agricultural Bank of China expected to raise between $20-30B via IPO.
• America's Car-Mart Q1 net jumps 41%; Co to buy more stock.
• Amgen bets on Osteoporosis drug to revive its flagging growth.
• Baldor Electric ups Q2 revenue view to $435-445M from April view of $415-430M.
• BP sets aside $360 million to construct Gulf barrier islands to limit oil spill.
• Cemex cuts 2010 EBITDA estimate to $2.75B from previous view of $2.9B.
• Comtech Telecommunications posted Q3 revenue of $216.3M (cons $190.3M).
• Cooper Cos.'s Q2 profit tumbled 82% on $23.8 million in restructuring and other costs.
• Copart Inc.'s Q3 earnings rose 5.5% to $44.4M on a jump in margins, 12% rise in revs.
• DynCorp Q4 net rises 28% to $24.5M on better-than-expected rev growth of 31% ($1.06B).
• General Electric Co.'s appliances unit forecast rising revenue and profit for 2010.
• Michael Dell said he has considered taking the company private.
• Newsweek draws formal interest from OpenGate Capital, Ritchie Capital & Newsmax.
• Nu Skin Enterprises prices 4.46M common shares at $27.00/sha.re
• Paulson & Co. hedge fund to acquire a 9.9% equity stake in Harrah’s Entertainment Inc.
• Sonic Solutions Q4 profit triples; sees Q1 revenues weak.

Economic Calendar: Data on Nonfarm Payrolls, Unemployment Rate to be released today.

Earnings Calendar: ABCW, BTH, BZC, DCP, KMGB, PRLS, TRU.

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Data provided by Egan-Jones Ratings and Analytics

Comments

[snowball777]

431k is much less than 600k and 700k.