Daily Highlights: 7.16.10

Tyler Durden's picture
  • Americans blame Bush, not Obama, for deficit, jobs and Afghan War
  • Asian stocks fall for 2nd day, Yen strengthens on US output.
  • China interest-rate swaps decline to one-year low on slower growth outlook.
  • Cost of Living, Consumer confidence in US probably dropped.
  • Crude oil falls a third day as economic reports show recovery may falter.
  • Turkey's central bank kept its benchmark interest rate steady at 7%.
  • Advanced Micro beats by $0.05, reports Q2 EPS of $0.11. Revs rose 5.1% to $1.65B.
  • AgriBank gains in Hong Kong on debut after $19.2B IPO.
  • Airbus & Boeing duopoly starts to crack as rivals from Canada, China and Russia attack
  • Bank of America's June net income down slightly from $3.2B last year to $3.1B this year.
  • Arthur J. Gallagher announces new $500 mln credit facility.
  • BP nears $11B asset sale to Apache
  • BP Plc may saddle potential buyers of its assets with lawsuits as it tries to raise money.
  • BP test cap temporarily staunched the Gulf oil leak.
  • Carrefour reported a 6.3% rise in qtrly sales, helped by a positive FX impact.
  • CitiGroup's June net income declined from $4.3B last year to $2.7B this year.
  • GE's June net income rises from $2.7N last year to $3.1B this year.
  • GlaxoSmithKline to record $2.4B in charges in Q2 to cover the cost of settling legal disputes.
  • Goldman will pay $550M to SEC to settle charges related to subprime mortgage CDOs.
  • Google misses by $0.07, posts Q2 EPS of $6.45. Revs rose 25.0% to $5.09B.
  • Honam Petrochemical to buy Malaysia's Titan Chemicals for $1.25B.
  • Nokia board faces call for change on $77B lost value
  • Polycom reports Q2 EPS of $0.34 (cons $0.32); revs rose 27.7% to $295M.
  • Schwab's June net income remains at $205M.
  • Smithtown Bancorp to merge with People's United Financial for ~$4/share.
  • Sony Ericsson swings to second-quarter profit
  • Spectra Energy acquires Bobcat's Gas Storage assets and development project for $540M.
  • Wal-Mart said to seek $1.2B selling Samurai bond sales on July 21
  • WP Carey plans to spend about $3B buying European properties and leasing them back.

Economic Calendar: Data on CPI, Mich Sentiment to be released.

Earnings Calendar: BAC, C, COL, CWBC, GCI, GE, GPC, KNL, MAT, PBNY, SCHW, STBC, VOL, WCBO.

RECENT RATING ACTIONS

APACHE CORP (APA)
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MYLAN INC/PA (MYL)
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CNO FINANCIAL GROUP INC (CNO)
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TORCHMARK CORP (TMK)
AFLAC INC (AFL)
NORTHROP GRUMMAN CORP (NOC)

Data provided by Egan-Jones Ratings and Analytics