Daily Highlights: 8.26.2010

• Asian shares trade mostly higher, though action proves choppy.
• New-home sales slid to a record low and a slower-than-f'cast rise in durable-goods orders cast doubt on the US recovery.
• Official China data masks surge in housing, food prices.
• Roubini: Q3 growth in US to be 'well below' 1%.
• SEC votes to boost power over boards.
• Treasury sells 5-year notes at lowest yield ever.
• Agricultural Bank of China temporarily stops lending to property developers.
• Ahold reports 3% rise in Q2 profits.
• Air China's H1 profit surged 60% to $679M on higher travel demand, fuel-hedging gains.
• American Eagle's Q2 net falls 66% on wider losses related to its Martin + Osa chain.
• BHP Billiton's chief vowed discipline in bidding for Potash Corp. of Saskatchewan Inc.
• Dell to ratchet up its bid in battle for 3Par after the latter starts talking with HP.
• Diageo FY op. profit at GBP2.57B, up 6.2% as revs improved by 5.0% to GBP9.78B.
• Fairfax Financial spent $200M to buy derivative contracts betting on decline in CPI.
• GE, Hitachi are making a fresh push to win nuclear plant contracts.
• Guess' qtry net rises 12.1% to $66.8M helped by 10.5% jump in revs to $577.1M.
• ICBC's second quarter earnings 38%.
• Jo-Ann Stores beats by $0.18, posts Q2 EPS of $0.20 as revs rose 4.7% to $439.3M.
• L'Oréal H1 profit rises 21% to $1.66B, helped by 10% rise in sales and lower costs.
• Mazda, Ford to invest $350 million in Thai plant.
• Posco to sign contract to buy 68% stake in Daewoo Intl held by Korea Asset Mgmt Co.
• Santos aims to sell 15% of $15B Australia LNG gas project this year.
• Semtech beats est., reports Q2 EPS of $0.42 (cons $0.39); revs up 70.7% at $113.2M.
• Sony is working on 3-D televisions that don't need special glasses.
• TiVo Inc.'s Q2 loss as it losses 22% of its subscribers. Revs fell 11% to $51.6M.

Toll Bros swings to Q3 profit of $27.3M on lower charges. Revs fell 1.6% at $454.2M.

Economic Calendar: Data on Initial & Continuing Claims to be released today.

Earnings Calendar: ARUN, BEBE, CONN, DLLR, FRED, IRF, ISLE, JCG, NOVL, RGS.

RECENT RATING ACTIONS
TRANSOCEAN LTD (RIG)
IDACORP INC (IDA)
BROCADE COMMUNICATIONS (BRCD)
DOMINION RESOURCES INC/VA (D)
ALLIED IRISH BANKS PLC (AIB)
TW TELECOM INC (TWTC)
AES CORP/THE (AES)
L-3 COMMUNICATIONS HOLDINGS (LLL)
TJX COS INC (TJX)
NATIONAL FUEL GAS CO (NFG)
ALLIANT ENERGY CORP (LNT)
YUM! BRANDS INC (YUM)

Data provided by Egan-Jones

Comments

[swanpoint]

highlights, bitchez.

[qrs521]

Women in summer would like to become beautiful. Everything can grab other's eyes is their best friends.Products make them beauty and confident is their favourite. Look in the street,you can see many different types of make up to show women's personality.

Welcome to the shop, the following is our products, free shipping.

Soccer Shoes Cheap Soccer Shoes Nike Soccer Shoes Adidas Soccer Shoes Nike Soccer Shoes sale Adidas Soccer Shoes sale UGG UGGs UGG Boot UGG Boots UGG Boots Sale Cheap UGG Boots UGG Boots Cheap Women UGG boots ugg boots cardy ugg cardy boots Timberland Timberland sale Timberland boots Timberland boots online Timberland on sale New timberland boots UGG UGG boots UGG boots sale UGG boots short Short ugg Short ugg boots Ugg boots tall Nike Air Nike Air Max Nike Air Max Shoes Nike SB Nike Dunk Nike Dunk SB Nike Dunk SB Shoes Nike Shox Nike Shox Shoes Women Bags Women Bags Sale Women Handbags Women Handbags Sale Women New Bags Cheap Bags Cheap Bags On Sale New women bags New women bags sale New women bags sale online Louis Vuitton Handbags Gucci bags Nike Nike Shoes Nike Shoes Sale Nike running Nike running shoes Nike trainers Nike trainers shoes Timberland Timberland boots Timberland boots sale Timberland boot Timberland boot sale Timberland boots cheap Men timberlands MBT MBT Shoes MBT Chapa GTX MBT Men Shoes MBT Women Shoes Discount MBT Shoes LV Handbags Gucci Handbags Chanel Handbags Chloe Handbags D&G Handbags Dior Handbags Fendi Handbags Hermes Handbags Jimmy Choo Bags Marc Jacobs Bags Miu Miu Handbags Mulberry Bags Prada Handbags Versace Handbags Yves Saint Laurent Balenciaga Bags Burberry Handbags LV Handbags Gucci Handbags Chanel Handbags Chloe Handbags D&G Handbags Dior Handbags Fendi Handbags Hermes Handbags Jimmy Choo Bags Marc Jacobs Bags Miu Miu Handbags Mulberry Bags Prada Handbags Versace Handbags Yves Saint Laurent Balenciaga Bags Burberry Handbags

Those who want to become most beautiful in the world should try them. Just ones can make you different. Girls who want to grab your boyfriends's heart is necessary to use them.

[phaesed]

ahhhhh, yeah now bonds are definitely overextended.... time for a pullback.... IF the fed allows it, but my original call stands

http://www.zerohedge.com/article/us-government-bond-bubble

Less than 3% on the 30 year.

[Temporalist]

Roubini was just on CNBC discussing his tweets about the increased chance in U.S. double dip.

From Nouriel Roubini's Tweets:

1. Q3 GDP growth very likely to be below 1%; and likely to be closer to 0% than to a pathetically lousy 1%. So double dip risk is now > 40% about 17 hours ago via Twitter for BlackBerry®
2. Capex spending, only part of demand robust in Q2, is now faltering in Q3. So Q3 growth tracks btw 0 & 0.7%. Double dip risk now above 40% about 22 hours ago via Twitter for BlackBerry®
3. Unemployment claims up to 500K after optimists predicted all year they would fall below 400K. Labor market dismal & double dip risks rising 6:10 AM Aug 19th via Twitter for BlackBerry®
4. Risk of a double dip recession in advanced economies (US, Japan, Eurozone) has now risen to 40% 7:58 AM Aug 16th via Twitter for BlackBerry®

http://twitter.com/Nouriel

[Hephasteus]

The powers that be can only deal with reality for about 3 days at a time so I guess it's time for a 2 day vacation to fantasy island.

[dan22]

 Belgium, the Capital of the European Minefield

http://israelfinancialexpert.blogspot.com/2010/08/john-mauldin-on-belgium-capital-of.html

[Spitzer]

Is it a good day to buy 20 oz of gold ?

I hope so....

[Council of Econ...]

Excellent Peter Schiff Interview Below

http://www.youtube.com/watch?v=xEA8q3E0m8s&feature=player_embedded

[Herry12]

Article is very interesting,thanks for your sharing.I will visit this site.welcome to my site!... cheap site hosting
windows web hosting
windows vps hosting
cheap hosting