Daily Highlights: 9.17.09

• Americans Back Obama's health goals even as they doubt chances for success.
• Asian stocks were higher Wednesday after Wall Street closed at its best levels for '09.
• Bank of England is still considering a reduction in the bank's deposit rate.
• Bernanke says US recession 'very likely' has ended, economy still weak.
• China shares fall on liquidity doubts.
• Credit default swaps lose disaster stigma as confidence in market rebounds.
• European new car registrations rose 2.8% in July, followed by a 3% rise in August.
• Gold, Silver rally as economic rebound fuels resurgent inflation concerns.
• German retail sales decline 1.7% as consumers opt for savings accounts.
• Greenspan says Congress may hamper Fed, adding inflation threat to bonds.
• Russia cut its key lending rates by 25 bps to 10.5% - sixth time since April.
• Actel narrows Q3 revs guidance to up 3% (prev view -2% to 4%).
• Adobe Systems to acquire Omniture for $21.50/sh cash valuing the deal at $1.8B.
• AirAsia shares decline most in 6 weeks after selling shares at 6% discount.
• Best Buy raised its forecast for annual earnings, offering hope for strong Holiday sales.
• Blockbuster Inc. may close 960 stores by the end of 2010.
• Capital One US credit-card delinquencies rise in August to 5.09% from July's 4.83%.
• Citigroup said to plot exit from FDIC debt program as deadline approaches.
• Eaton Corp. expects $1B in addln revenue over the next 2 years from stimulus program.
• Genworth Fincl sells stock at $11.75/sh, raises $564M, beats estimate.
• Harrah's bought $140M of debt tied to Planet Hollywood Resort & Casino in Las Vegas.
• Illinois Tool boosts Q3 view on better pricing; revs down 21% in Q2.
• Japan Airlines confirms it's tie-up talks with foreign carriers, to cut work force by 14%.
• Lehman says Barclays got at least a $5B windfall in brokerage deal.
• Rogers Corp sees Q3 EPS at $0.28-0.34 vs. cons. view $0.16. (prev view $0.11-0.21).
• Stanley Furniture expects Q3 operating loss to widen sequentially due to lower sales.
• SunTrust Banks: Consumer-related, construction charge-offs to increase further.
• Taiwan Mobile Co. to buy Kbro Co. from Carlyle for $1B.
• TNK-BP Hldg's 1H net profit fell by 52% to $2.29B on lower oil prices.
• Tullow, Anadarko poised to reveal a new oil field off West Africa.
• Volkswagen expects full-year vehicle sales to reach last year's level of 6.2M in 2009.

Recent Egan-Jones Rating Actions
KROGER CO/THE (KR)
CAPITAL ONE FINANCIAL CORP (COF)
HORMEL FOODS CORP (HRL)
PARKER DRILLING CO (PKD)
NOBLE CORP (NE)
CAMPBELL SOUP CO (CPB)
LUBRIZOL CORP (LZ)
DIRECTV GROUP INC/THE (DTV)
PRUDENTIAL FINANCIAL INC (PRU)
HERSHEY CO/THE (HSY)
MICRON TECHNOLOGY INC (MU)
HJ HEINZ CO (HNZ)
NATIONAL SEMICONDUCTOR CORP (NSM)

Data provided by Egan-Jones Ratings And Analytics

Comments

[Sam Clemons]

In response to the first one about health care:

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=506199

[Anonymous]

This as well..

http://healthcarereform.nejm.org/?p=1790&query=home

[orca]

China was up overnight, Shanghai +2% and Hong Kong +1,7%

[Anonymous]

"Credit default swaps lose disaster stigma as confidence in market rebounds."

And so my friends your work here is finished. Move in the B content team, banner ads, and pop-up windows for Adult Friend Finder.

[Anonymous]

I think this is yesterdays post!

[AN0NYM0US]

Rasmussen has demonstrated a pretty good track record in polling, which seems to contradict the comment (recycled from Bloomberg for the second day in a row) on health care

http://www.rasmussenreports.com/public_content/politics/current_events/h...

[Cheeky Bastard]

isn't this post a re-post ?

[Grifter]

Yep

http://www.zerohedge.com/article/daily-highlights-91609

[ptoemmes]

Why not, it's been like Groundhog Day - the movie - for 6+ months now.

I've gotten older and poorer though.

Pete

[Anonymous]

Blockbuster still exist?

[Silver Bullet]

Haha.

I give them 30 months, tops.

[Silver Bullet]

Haha.

I give them 30 months, tops.