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.

RECENT RATING ACTIONS
FIRST HORIZON NATIONAL CORP (FHN)
CELLCO PARTNERSHIP (VZW)
HEXCEL CORP (HXL)
BRUNSWICK CORP/DE (BC)
PINNACLE ENTERTAINMENT INC (PNK)
CHARLES RIVER LABORATORIES (CRL)
REVLON INC (REV)
FORTUNE BRANDS INC (FO)
AVON PRODUCTS INC (AVP)
EXPEDIA INC (EXPE)
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EASTMAN CHEMICAL CO (EMN)

Data proided by Egan-Jones Ratings and Analytics

Comments

[SWRichmond]

http://www.foxnews.com/us/2010/08/02/mexican-drug-cartel-allegedly-puts-...

Mexican Drug Cartel Allegedly Puts a Price on Arizona Sheriff's Head $1M offered for Arpaio, $1K to join cartel

Updated: Monday, 02 Aug 2010, 6:51 PM MDT
Published : Thursday, 29 Jul 2010, 6:48 PM MDT

PHOENIX - He's been at the center of the discussions and controversies surrounding illegal immigration enforcement in Arizona for quite a while.

On the day parts of Arizona's immigration law, SB 1070, went into effect, Maricopa County Sheriff Joe Arpaio is in the news for another reason: there's a price on his head - allegedly offered by a Mexican drug cartel.

The audio message in Spanish is a bit garbled, but the text is clear.

It's offering $1 million for Sheriff Joe Arpaio's head and $10,000 for anyone who wants to join the Mexican cartel.

A man who wants to remain anonymous says his wife received the text message Tuesday evening. It also included an international phone number and instructions to pass the message along.

"She showed it to me..I was kind of disgusted..I reported it to the Sheriff's department yesterday..they said they were going to direct the threat squad on it."

Lisa Allen of the Sheriff's office says they believe the message originated in Mexico

[SWRichmond]

http://www.kpho.com/news/24478958/detail.html

Ariz. -- The Pinal County Sheriff’s Office is in need of funding to purchase rifles to arm first responders in the war against the Mexican drug cartel members and their affiliates.

There has been an increase in dangerous incidents, such as high-speed vehicle pursuits, shoot-outs, and incidents of ambush between deputies and smugglers.Sheriff Paul Babeu said, “My deputies are outgunned and we are outmanned. We need help to raise money to buy Arizona made semi-automatic rifles to fight this threat against our citizens.”The Pinal County Sheriff’s Office is asking you to donate what you can to help protect deputies, their families and communities. Donations can be made through the Pinal County Justice Foundation website www.pinalcountyfoundation.org or send check or money order payable to:Pinal County Justice Foundation Inc, Attn: Rifles for Deputies 6832 South Kings Ranch Rd # 2-16 Gold Canyon, AZ 85118

[the not so migh...]

the correct link is http://www.pinalcountyjusticefoundation.org/DonOps.aspx, but you can't choose line item 2-c-1 for the assult rifles.  Might have to call them

[senthil456]

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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