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Daily Highlights: 7.14.09

Tyler Durden's picture




 
  • EU launched a probe into a Belgian state subsidy.
  • EU to take Austria to court for not demanding repayment of hidden subsidy linkedto bank sale.
  • Geithner will aim to reassure Middle East investors.
  • Retail sales for June up .6%; PPI up 1.8%, more than expected.
  • Singapore’s economy grew 20% in the second quarter --first time in a year since
  • CapitalSource plans a public offering of about 17.5M shares of its common stock.
  • CapitalSource plans a public offering of about 17.5M shares of its common stock.
  • US in advanced talks about providing some kind of aid to CIT.
  • Chevron Corp. says overseas profit fell by almost $7M a day in April, May.
  • CIT might obtain support from the Federal government.
  • CSX Corp.'s profit drops 20% to $308M as revenue declines 25% to $2.2B.
  • Dell sees 'slight' sequential revenue growth in Q2, but lower margins.
  • Dept of Defense awarded billion-dollar military healthcare contracts to Aetna, UnitedHealth.
  • Friends Provident rejects $2.7B takeover bid from Resolution Ltd., says its too low.
  • Goldman posts a $3.4B gain for June 2009.
  • IBM loses trade complaint to block imports of Asustek motherboards in US.
  • Martin Marietta lowers FY09 EPS guidance to $2.70-3.30 vs. cons $3.55.
  • Microsoft plans to offer a free version of its popular Office software suite.
  • Netflix Inc. under focus on speculations of Amazon.com may acquire it.
  • Novellus' Q2 loss widened to $50M; revs drop 54% to $119.2M.
  • Primus Fincl Hldg to make $2B bid for AIG's Taiwan life insurance unit.
  • Russia's Sberbank posts 98 percent plunge.
  • Shaw Group said 2009 profit will be lower than prev est., after Q3 net falls 85%.
  • Sinclair Broadcast Group Inc. has warned it may be forced to file for Chapter 11 bankruptcy protection.
  • Starwood Capital is bidding on assets of Corus Bankshares Inc.
  • Take-Two Interactive cut its f'cast for FY09, cites weak retail environment.

Earnings Calendar: AIR, ALTR, GS, HDB, INTC, JNJ, PHHM, PPHM, RFMI, YUM.

Companies to watch: AAR Corp., Altera, CIT, Dell, Goldman Sachs, IBM, Intel, Netflix, J&J, Palm Harbor Homes, Yum! Brands.

Recent Egan-Jones Rating Actions:
VECTOR GROUP LTD (VGR)
JPMORGAN CHASE & CO (JPM)
ROYAL CARIBBEAN CRUISES LTD (RCL)
CENTRAL GARDEN AND PET CO (CENT)
PROCTER & GAMBLE CO/THE (PG)
PACCAR INC (PCAR)
JUNIPER NETWORKS INC (JNPR)
AMBAC FINANCIAL GROUP INC (ABK)
CIT GROUP INC (CIT)
AMBAC FINANCIAL GROUP INC (ABK)
COLGATE-PALMOLIVE CO (CL)
MCKESSON CORP (MCK)
GLATFELTER (GLT)

Data provided by:Egan-Jones Ratings And Analytics

 

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Tue, 07/14/2009 - 22:46 | 7146 Ich bin ein whatever
Ich bin ein whatever's picture
  • Geithner will aim to reassure Middle East investors.
  • Oh Please.  Geithner is such a putz.  He'll reassure the Middle Eastern investore about as much as he reassured the Chinese students he met with is Beijing.  Anyone remember that?  Snicker, snicker...giggle, giggle.

    Our boy Tim isn't exactly confidence inspiring.  He isn't inspiring much of anything.  He's pretty useless, once you come to think about it.

    Maybe someone on CNBC should offer him a job.  That's where most of the other useless uninspiring people on this planet work.  Geithner's incompetent to boot.  He should fit right in with their other "talent".

    Do NOT follow this link or you will be banned from the site!