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Daily Highlights: 7.27.10
- Chinese banks face state loans turmoil; about Rmb1,550B in questionable loans.
- Euro-zone June M3 sees 0.2% rise, private loans up.
- German consumer confidence rose to 3.9 points from 3.6 points in July.
- IMF sees Yuan as undervalued.
- India raises lending rates by 0.25 points to 5.75%.
- Japan to cap spending and new bond issuance for next fiscal year.
- Plosser says weaker data don't yet justify more Fed stimulus.
- Acuity Brands acquires LED Luminaire Company, terms undisclosed.
- Alcon's Q2 profit rises 15% on sales and margin growth. Ups full-year earnings outlook.
- Arch Capital's Q2 net income jumped 55.8% to $237M on higher investment gains.
- BP posts $17.15B loss, books $32.2B in charges linked to Gulf of Mexico oil spill.
- BP says Robert Dudley to lead the entire company from Oct 1.
- Canon net profit jumped to 67.64 billion yen ($777.4 million) from 15.61 billion yen.
- Crane Co.'s Q2 profit up 44% at $40M, raises 2010 view; qtrly dividend up 15%.
- Danone H1 sales up 7% to €8.36B, ups 2010 outlook, targets 6% sales growth.
- Deutsche Bank Q2 net profit up 9% at €1.17B; revenue falls 10% to €7.16B.
- EU opens formal probe against IBM into its conduct in mainframe computers market.
- Federal ruling legalizes jailbreaking, or altering iPhones to install unauthorized software.
- Fluor Corp.'s Q2 profit fell 7% on lower revenue and margins, but beats expectations.
- Legg Mason's Q1 profit fell 4.2% as investors continued to pull funds out.
- Lorillard said its profit dropped 8% to $263M on lower cigarette shipments.
- Nomura may report its first loss in 5 quarters on a slump in trading, invt banking earning.
- Norsk Hydro Q2 profit more than doubled to $81.6M as revs rose 12%.
- Occidental Petroleum's June net rises from $682M to $1.06B.
- Owens & Minor misses by $0.03, posts Q2 EPS of $0.46. Revs rose 0.3% to $2.02B.
- Rent-A-Center's Q2 net jumped 14% on litigation gains. Revs dropped 1.2% to $671.5M.
- SAP AG posts 15% rise in Q2 profits at €491M as revs increased 12% to €2.89B.
- Sohu.com Inc.'s Q2 net flat at $33.45M despite a 15% jump in revs to $146.1M.
- Tomkins agrees for cash offer of from Onex and Canada Pension Plan Invt Board.
- UBS swings to Q2 profit of $566.7M helped by gains on its own debt.
- Universal Health Srvcs' Q2 profit slid 19% to $65.6M on higher costs. Revs up 2.7%.
- WR Berkley Q2 net up 13%; Core earnings, revenue beat views.
Economic Calendar: Data on Case-Shiller 20-city Index, Consumer Confidence to be released.
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what's up with all the cramer ads? yikes. weird to see them here.
Google AdSense...but I prefer to think of them as a symptom of the alternative reality circus jerk bleeding through as we reach the crescendo of modern capitalism.
Use Firefox with no-script. Get no ads.
I use firefox. what's 'no script' & quick, how do I make it work? the cramer ads are blinding me
If this isn't bullish, I don't know what is...full employment (and the draft) is right around the corner...
http://www.govtrack.us/congress/bill.xpd?bill=h111-5741
To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defense and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes.
It seems the sposor of that bill has a few personal issues to sort out first?
Precisely...Big Pimpin' Chuck can go fuck himself. As far as I'm concerned, that fool should learn to spend more time in his rentals than on the floor of our august senate.
I consider his introduction of this bill (which I'm sure will be duly aborted in committee) an act of treason and grounds for immediate impeachment.
Bailiff!
Needs the cash to defend himself during the next election. The banksters are getting ready bankroll both sides. Rather than one big shoot up we are going to have a series of ten Grenada to Iraq actions all around the world (spread the wealth debt, as it were). I hope we bring back the youth programs where they ratted out their parents, they look so cute in the little brown uniforms. I want to be prepared and have a question, is the US a "Fatherland" or a "Motherland"?
'...is the US a "Fatherland" or a "Motherland"?'
It's a 'Homeland', with both momma and poppa wearing epaulettes, jack-boots, and very sharp knives while imposing their smiley-faced fascism on an ignorant, complicit populace.
Hope. Change. Compulsory National "Service".
Awesome.
That said, Chuckie Jailbird has filed either this bill or one precisely like it every year since about 2002. It never sees the light of day and I doubt this year will be any different.
cramer cramer everywhere this am
I clicked on both ads so that cramer has to pay ZH
I encourage everyone to do the same
If we do it enough, might cramer be sending huge dollars to Zerohedge for advertising that brought him nada?
EURO buying support mentioned since June continues and further upside is expected.
http://stockmarket618.wordpress.com
Schumer is one of the biggest butt-fuckers out there - agreed