Daily Highlights: 9.21.2010

• Asian stocks gain as US economic concerns ease.
• Australia increases commodity export sales forecast to record $203B.
• ECB steps up its bond buys amid worries of default by Greece, Portugal, Ireland.
• Escaping double dip to growth recession means no unemployment relief seen.
• Greece sells 13-week T-bills, yield drops to 3.98%
• Gulf states in $123B US arms spree; Arab nations seek to counter power of Iran.
• Oil falls after US Homebuilder Confidence reading prompts demand concern.
• Treasuries hold gain as Fed may say it is open to boosting debt purchases.
• US recession ended in June 2009, NBER says amid threat of renewed slump.
• Yuan climbs to strongest since 1993 after Obama criticizes China policies.
• AT&T to sell satellite-enabled smart phone.
• BHP extends bid for Potash; attempt to secure approval from Canadian watchdog.
• Canadian Pacific announces $350M debt offering; prepayment to its pension plans.
• Capital IQ is buying smaller rival TheMarkets.com for $300M.
• Caterpillar bags Defense contract to provide wheeled tractor scrapers for $641.2M.
• Commonwealth REIT to sell 5M shares, use proceeds to reduce debt.
• Conagra's Aug. net income down from $165M to $146M.
• Deutsche Bank to raise more than $13B for Postbank acquisition, and to boost capital.
• Eurasian Natural Res to buyout the balance of 50% of Bahia Minerals for $670M.
• Experian buys Mighty Net, which provides online credit monitoring srvcs, for $207.5M.
• FDA approves Medtronic Inc.'s Integrity heart stent.
• GM China partner SAIC may buy stake in automaker's IPO: Chairman Hu.
• Hewlett-Packard, Oracle agreed to settle a legal dispute over the hiring of Mark Hurd.
• Home Properties sees Q3 FFO/sh at high end of, or above its prev view of $0.73-0.77.
• IBM to acquire data specialist Netezza in a deal valued at $1.78B.
• Imax to install 15 Imax systems in China.
• Kerr-McGee Corp. fined $22.9M by Fed judge for hiding royalties it owed to the govt.
• Lennar Corp. swing to Q3 profit of $30M as revs jumped 14% to $825M.
• M&T Bank is said to consider giving up majority stake to Banco Santander.
• Sempra Energy, RBS to sell electricity retail unit to Noble Group Ltd. for $317M.
• TeleNav Inc. f'casts 2011 EPS to be $0.55-0.60 vs. cons est. of $0.85.

Economic Calendar: Data on Housing Starts, Building Permits & FOMC Rate Decision to be released.

Earnings Calendar: ADBE, ALOG, AZO, CAG, CCL, CTAS, PDEX, PRGS.

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Data provided by Egan-Jones

Comments

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