Daily Highlights: 8.10.2010

• 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

Comments

[russki standart]

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

[Grand Supercycle]

SP500 important chart update :

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