Daily Highlights: 8.5.10

• Asia stocks rise on Toyota earnings, US growth optimism; Bond risk drops.
• Job growth remains weak in US private sector with payrolls rising 42,000 last month.
• Trichet may start second run at exit as Euro region recovers from crisis.
• AOL's advt sales fell 27% in Q2, swings to a loss on a $1.41B in write-down.
• Aviva first-half profit rises 21% on sales of pensions and savings products
• Barclays H1 profit advances 29% on lower provisions for bad loans.
• Carl Icahn raises his stake in Motorola to 9.99%.
• Commerzbank reported a €352M profit in Q2 on lower loan provisions.
• Conway's June net income down from $33M to $14M.
• Devon Energy's Q2 net more than doubled despite a 3% fall in prodn, on higher prices.
• Deutsche Telekom net falls on U.K. merger costs
• Ethan Allen Q4 loss widens to $26.5M on tax item; swings to profit without items.
• Furniture Brands beats by $0.12, posts Q2 EPS of $0.09. Revs rose 0.4% to $289.5M.
• Harrah's swung to Q2 loss of $274M on customers' reduced appetite for casino visits.
• HSBC's US arm being investigated for possible violations of anti-money laundering rules.
• Intel to change some of its sales practices to settle a federal antitrust lawsuit.
• Merck reports encouraging results for its Hepatitis C treatment.
• Murphy Oil reports Q2 EPS of $1.41 (cons $1.21); revs rose 22.7% to $5.59B.
• News Corp. swung to Q4 profit of $875M as revs rose 5.7% to $8.11B.
• Omnicare's June net income declines from $29M to $12M.
• PartnerRe's Q2 earnings plunged 60% to $190.9M on loss expenses. Revs up 4.3%.
• Polo Ralph Lauren profit leaped 57% to $121M as sales and margins strengthened.
• PulteGroup posts Q2 profit of $76.3M as closings doubled. Revs soared 92% to $1.31B.
• Rio Tinto's H1 profit more than tripled to $5.84B on higher commodities prices.
• Sirius swings to profit in Q2 on 18% higher revenue at $699.8M.
• SkyWest to buy ExpressJet for $133M.
• Sun Life Financial Says second-quarter profit declines to $209M
• Swiss Re swung it Q2 profit of $812M led by improvements in asset management.
• Time Warner Q2 net rises 7.3% on higher sales; boosts its full-year earnings outlook.
• Transocean Q2 net down 12% on lower revs, utilizations and on $267M in insurance.
• Unilever's Q2 profit rises 40%, expects economic growth to remain slow in H2.
• Viacom's June net income rises from $277M to $420M.
• Westar Energy beats by $0.06, reports Q2 EPS of $0.47. Revs rose 5.9% to $495.2M.

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Comments

[Herne the Hunter]

Jobless claims 479K, 455K expected...

[Johnny Dangereaux]

Wheat is LIMIT UP overnight as Russia moves to block exports!

[Bankster T Cubed]

nothing matters to the "markets"

because they are a total farce

controlled by a stinking G7 currency-linked program

in a imaginary world, reality means nothing

[Grand Supercycle]

Interesting SP500 chart ...

http://stockmarket618.wordpress.com

[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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