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Daily Highlights: 9.11.09
- Chinese Premier says China 'cannot, will not' pull back from economic stimulus policy.
- Crude rises for fourth day on inventories report, IEA outlook.
- French President wants to tax carbon dioxide emissions by households, businesses.
- Govt on track to pay back car dealers for "cash for clunkers" program by Sept. 30.
- Hotel occupancy to gain strength in late 2009, 2010, profit to remain elusive: report.
- India might unwind its easy monetary policy sooner than other countries: Central Bank.
- Istithmar said to halt investment as Dubai weighs sale of sovereign fund.
- Japan's economy grew 2.3% last quarter, less than initially estimated 3.7%.
- Most Asian stock markets rose on lower US jobless claims, higher f'cast for oil demand.
- Recession has slashed families' earnings, increased poverty and left more people without health insurance: Census Bureau.
- UK house prices rose 0.8% - third time in four months, in August.
- US Trade deficit widens to $32B - most since 1999 as imports surge on auto demand.
- Abbott Labs to buy surgery-device maker Evalve Inc. for $410M.
- AMD, for the first time in several years, claims its new graphics chips betters Nvidia's.
- Bloomberg among potential bidders for McGraw-Hill's BusinessWeek.
- Chrysler considering return to auto-leasing business.
- Daiwa to buy out Sumitomo Mitsui for $2.2B, ending banking venture.
- General Mills sees Q1 EPS above internal view on rebounding margins.
- GM Board backs Magna as Opel buyer after resolving disputes on technology.
- India's IDFC PE fund to buy BP's domestic wind power assets for $133.8M.
- MDS Inc.'s Q3 loss widened to $62M as revs dip 21% to $199M.
- Monsanto sees earnings falling in 2010, cites declining sales of Roundup herbicide.
- Natl Semiconductor's Q1 net falls 62.5% to $29.8M; revs down 32% to $314.4M.
- OAO Sberbank's Q2 net profit plunged 85% to $174M on higher loan-loss provisions.
- P&G reaffirms Q1 EPS, FY10 EPS and revs guidance; sees Q1 EPS of $0.95-1.00.
- Total SA to spend $22B over the next 23 years drilling for gas in Indonesia.
- Verizon protests Nortel's enterprise business unit sale to Avaya.
- Walmart supplier Li & Fung reports more orders, 'positive buzz' in US.
- Williams Cos. sees "sharply higher" profit hikes in 2010, 2011 on higher commodity prices.
Recent Egan-Jones Rating Actions
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some more top notch reporting from cnbc dot com:
Financial giant Morgan Stanley
[MS 28.64 --- UNCH (0) ]
could be in focus after CEO John Thain confirmed he will be stepping down early next year. Though the move was widely expected, it likely will intensify speculation about the firm's future direction. Shares edged higher in premarket trading.
TD...while I rely on a number of news sources, I'm a bit disappointed that you never picked up on the fact that John Thain had moved to MS.
I thought Ken Lay was CEO?
They consult him regularly whilst polishing their crystal balls.
Goldman's 1050 SPX imminent. Looking for gold to close above $1004 and give a signal that it's going to the moon.
TD did you punch Liesmanns eyey out last night. It looks pretty bad
TD did you punch Lies Mann eye out last night. Good one less the shinner. Good make up if there is one under there
Charlie Sheen and Obama 911 video, I look forward to Project Mayhem's thoughts on this.
http://www.youtube.com/watch?v=8q5mOXXirNs
"French President wants to tax carbon dioxide emissions by households, businesses."
Oh dear.
is freedom