Daily Highlights: 8.3.10
- Asian stocks rose, with MSCI at a 3-mt high, on lower corporate default risks.
- Australia Central Bank keeps key interest rate at 4.5% as inflation cools.
- China's worst floods since 1998 to cut farm output, lift price.
- EU raided offices of companies manufacturing Polyurethane foam in a cartel probe.
- Euro-Zone PPI rises 0.3% - less than expected.
- Fed likely to pass on more stimulus amid signs economy weak: Bernanke.
- Japanese stocks climb on US manufacturing data; Trading companies gain.
- Pending sales of existing US homes probably rose in June.
- 4.9M barrels leaked into GoM from the broken well operated by BP, government agency.
- Blackstone to buy mall in Hawaii, stake in warehouse venture with ProLogis for $859M.
- BMW's net earnings up to $1.1B in 2Q.
- Boeing to lose $271M in govt payments as it violated federal accounting rules.
- Deutsche Post increased its 2010 operating profit f'cast to €1.9-2.1B.
- Dow's June net rises from a $486M loss to $651M.
- Dr.Horton's June net income up from a $142M loss to $51M.
- Embraer Q2 US GAAP profit climbs to $70.3M; sees FY2010 revs at $5.25B.
- Forest Oil Corp.'s Q2 profit declined 10% on lower prices for natural gas. Revs up 14%.
- General Cable misses by $0.06, misses on revs. Posts Q2 EPS of $0.54; revs up 6.7%.
- Hologic's Q3 profit fell 11% on acquisition and other charges. Revs up 4.4% at $420.7M.
- HP announces settlement with DoJ; sees a negative impact of $0.02-0.03/sh in Q3.
- HSBC Hldgs H1 profits doubled to $6.8B as loan loss provisions fell.
- Humana's Q2 profit rose 21% to $340.1M helped by 10% rise in revs at $8.65B.
- Kaiser Alum beats by $0.32, reports Q2 EPS of $0.71. Revs rose 21.7% to $282.4M.
- NRG Energy's net fell 51% amid absence of year-ago's hedging gains and asset sales.
- NYSE Euronext posts 2Q $184M net profit versus $182M loss.
- Sanofi-Aventis in friendly takeover talks with Genzyme, values it a t$69 a share.
- Toyota knew in 2003 of sudden acceleration risk, Lawyers say in new filing.
- Wapiti Oil & Gas buys oil and gas properties from Delta Petroleum for $130M.
- Xstrata's H1 profit more than tripled to $2.29B as revs grew 43% to $13.61B.
Economic Calendar: Data on Personal Income & Spending, Factory Orders, Pending Home Sales,
Earnings Calendar: ACF, ADM, AKRX, APC, ARM, BHI, BYD, CLX, CNO, COH, DF, DUK, GAM, JAH, LEA, PBI, PFE, PG, PH, SRE, TAP, THC, USU, Y.
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Data proided by Egan-Jones Ratings and Analytics