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Daily Highlights: 8.10.2010

Tyler Durden's picture




 
  • Australia business confidence falls to lowest in 14 months on higher rates.
  • British July same-store sales rise 0.5%: British Retail Consortium.
  • China to close factories in energy drive; move affects 2,000 industrial companies.
  • China’s July trade surplus surged to $28.73B, helped by 38.14% jump in exports.
  • Mkts await outcome of Fed meeting; risky assets rise in anticipation of easing measures.
  • Oil falls to below $81 as traders look to Fed for possible stimulus.
  • Ambac's Q2 loss narrows to $57.6M from year-ago's loss of $2.37B.
  • AstraZeneca agrees $198M Seroquel settlement.
  • BofA may get $13B capital boost from China Banking Stake.
  • Chrysler reported a net loss of $172M for Q2 amid sluggish sales.
  • Compass Grp posts Q2 loss of $0.04/sh vs. cons est. of $0.00. Revs up 40.6%.
  • Costs of BP oil spill rises to $6B; group puts $3B in escrow account for victim claims.
  • Freddie Mac reported Q2 loss of $4.7B; asks US Treasury to provide a $1.8B infusion.
  • Hallmark Financial Services to acquire State Auto National Insurance Co.
  • ILFC, aircraft-leasing co owned by AIG, plans to sell $2.5B in secured debt.
  • InterContinental Hotels swung to Q2 profit of $87M as revs grew 9.3% to $410M.
  • King Pharma's net fell 53% on continued sales weakness, but beat expectations.
  • KKR & Co. cancelled a plan to raise $500M in a stock sale.
  • Laboratory Corp announces $250M stock repurchase program.
  • Lions Gate Ent swings to Q1 loss of $64.1M as revs fell 14% to $326.6M.
  • MBIA Q2 net rises 44% on huge swing to gains in fair value of insured derivatives.
  • McDermott misses by $0.11, posts Q2 EPS of $0.32 as revs fell 14.8% to $1.33B.
  • National Australia Bank's Q3 profit rose 22% as charges for bad debts decreased.
  • Skype SA filed to sell $100M of shares in a U.S. initial public offering.
  • Sony, Panasonic TVs star in price battle in China showrooms.
  • Tata Motors posts a profit of $432.3M.
  • THQ Inc. swung to Q1 loss of $30.1M as revs fell 38.6% to $149.4M.
  • Tyson Foods Q3 net up 89% at $248M, sales rose 12% to $7.44B.
  • US, BP near deal to guarantee its $20B cleanup and compensation fund.

Economic Calendar: Data on Productivity, Wholesale Inventories & FOMC Rate Decision to be released today.

Earnings Calendar: ABM, CREE, CSII, DIS, FOSL, GRO, TSEM.

RECENT RATING ACTIONS
NABORS INDUSTRIES LTD (NBR)
TYSON FOODS INC (TSN)
AMKOR TECHNOLOGY INC (AMKR)
MCDONALD'S CORP (MCD)
ALLERGAN INC/UNITED STATES (AGN)
BP PLC (BP/ LN)
HEWLETT-PACKARD CO (HPQ)
WASHINGTON POST CO/THE (WPO)
LAMAR ADVERTISING CO (LAMR)
PLAINS EXPLORATION & (PXP)
OFFICEMAX INC (OMX)
MOSAIC CO/THE (MOS)

Data provided by Egan-Jones Ratings and Analytics

 

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Tue, 08/10/2010 - 09:59 | 512438 russki standart
russki standart's picture

Same old, same old. In other news, Linsay Lohan is back in rehab....

Tue, 08/10/2010 - 11:22 | 512658 Grand Supercycle
Grand Supercycle's picture

SP500 important chart update :

http://stockmarket618.wordpress.com

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