Daily Highlights: 8.6.10

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  • Asian shares mixed on Friday, weighed by caution ahead of key U.S. jobs data.
  • China's stocks decline on inflation, policy outlook; Developers retreat.
  • European stocks advance ahead of jobs data; financial-sector earnings provide a lift.
  • US Same-store sales rose 2.9% in July vs. cons est. of 3.1%: Retail Metrics.
  • AIG's operating profit rises 17%.
  • Allianz's Q2 profit down 46% on lower income from own investments.
  • Beazer's orders falls 33%; posts loss of $27.8M despite $55.2M in debt-retirement gain.
  • BP finished pumping its well in GOM with cement, effectively sealing it for good.
  • Computer Sciences to acquire Bass & Company; terms not disclosed.
  • Consolidated Edison's Q2 earnings climbed 22%, raises 2010 EPS outlook.
  • Dexia's Q2 net profit falls 12.4% to $327M.
  • Fannie Mae posts 12 straight qtrly loss - Q2 loss at $1.2B. Seeks $1.5B from Treasury.
  • GM said timing of the auto maker's return to the public markets remains in question.
  • Great Plains Energy's Q2 earnings surged 90% higher on higher rates and demand.
  • Harman Intl swung to Q4 profit of $133.9M as revs grew 29% to $851M.
  • Hess to sell $1.25B of notes with 5.60% coupon maturing on February 2041.
  • JC Penney's July same-store sales fell 0.6% vs. expectations for a 3.4% gain.
  • KKR, Bain sell NXP Semiconductors in IPO at 46% discount to LBO.
  • Kraft gets boost from Cadbury; profit rises 15% to $937M on higher overseas sales.
  • Magna swings to profit of $293M as revenue jumps 63%.
  • Mohawk Industries' Q2 profit climbed 47% on price increases, cost-cutting benefits.
  • Orbitz's Q2 earnings fell 5.3% but beat expectations. Revs up 3% at $193.5M.
  • Playboy Entrps's Q2 loss narrowed to $6.2M despite 10% fall in revs to $56M.
  • RBS swings to profit of $407.9M as bad-debt charges fall sharply at the British bank.
  • Res-Care beats by $0.03, reports Q2 EPS of $0.28. Revs fell 2.3% to $396.1M.
  • SAP accepts responsibility for copyright infringement; to pay restitution to Oracle.
  • Sotheby's Q2 profit jumps four-fold to $86.2M on strong sales; Margins decline.
  • Target's July same-store sales gain of 2%, below analyst expectations for a 2.3% gain.
  • Time Warner Cable's Q2 earnings rose 8.2% to $342M on 5.8% rise in revs.
  • U.S., Canada work with RIM to avoid BlackBerry bans by other nations.
  • Wal-Mart De Mexico July same-store sales up 4.6% from yr ago.

Economic Calendar: Data on Nonfarm Payrolls, Unemployment Rate, Consumer Credit to be released today.

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