Daily Highlights: 9.1.2010
- Asian stocks rise on China manufacturing, Australia's growth; Yen weakens.
- Australian economic growth accelerates more than estimates; Currency gains.
- China's manufacturing expands at faster pace in Aug - rises to 51.7 from 51.2.
- Currency trading tops $4 trillion a day as dollar's share drops, BIS says.
- FDIC finds more than a tenth of U.S. banks - 829 - at risk.
- Pennsylvania's capital of Harrisburg to skip a $3.29M payment on its debt.
- Treasuries decline as Asian stocks advance, US to announce auction size.
- US consumer confidence rose just 2.5 points in August, to 53.5.
- ABM Industries beats by a cent, posts Q3 EPS of $0.42. Revs fell 0.2% to $869M.
- Amazon plans new subscription srvcs to deliver TV shows, movies over the Internet.
- Ambac Financial debt falls after hedge funds file motion to block payments.
- Bank of Nova Scotia's Q3 net rose 14% to $1B helped by its Canadian ops.
- Bertelsmann swings to H1 profit, lifts its outlook for 2010.
- BP selling Malaysia assets to Petronas for $363M.
- Burger King has been in talks with private-equity firms about a possible sale.
- Citigroup plans to almost triple China workforce to 12,000 in three years.
- Dean Foods gains on speculation Danone will make offer for milk processor.
- Dollar General boosts full-year EPS view to $1.68-1.74 after Q2 net jumps 51%.
- Heinz sees higher profit in Q1, driven by emerging markets.
- IPO fees hit record low in Hong Kong as JPMorgan, Deutsche Bank cut prices.
- JPMorgan is said to shut proprietary trading to comply with Volcker rule.
- Motorola Unit to be spun off with $3.5B
- Panasonic says it may miss target for 3-D sets as Samsung starts price war.
- PerkinElmer to sell illumination & detection solns unit to Veritas Capital for $500M cash.
- SEC says it declined to sue Moody's for fraud over company's CDO ratings.
- Sony to announce new music and video service to challenge Apple
- Taipei regulators halt $2.15B sale of Taiwan life insurance arm of AIG.
- Vivendi SA's Q2 net falls 3.5% to €669M despite 6.2% jump in revs.
Economic Calendar: Data on ADP Employment, Construction Spending, Auto Sales, ISM Index to be released.
Earnings Calendar: BGP, CWST, FCEL, GCO, GEF, GLBC, HNZ, HOV, OXM, PSS, SAI.
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Data provided by Egan-Jones