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

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
russki standart's picture

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