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Daily Highlights: 9.2.2010

Tyler Durden's picture




 
  • Asian stocks rise to two-week high on US manufacturing data; Canon gains.
  • Australia Q2 GDP grows 1.2% - fastest pace in three years.
  • Bernanke, Bair to present views of crisis to inquiry panel.
  • Brazil holds rate at 10.75%, meeting expectations.
  • Economy seen avoiding recession relapse as US data can't get much worse: Survey.
  • Indian sugar production may jump 38% next year on higher planting, rains.
  • Manufacturing in US grows at faster pace as factories extend recovery.
  • Trichet may say ECB to keep emergency lending measures in place into 2011.
  • Aeon Co. to join bidding for Southeast Asian assets of Carrefour SA.
  • Allergan expects impairment charge of $340-350M related to its Sanctura franchise.
  • Arthur J. Gallagher acquires Old Greenwich Consulting Group; terms not disclosed.
  • Bank of America raises junk bond sales forecast for 2010 to $240B.
  • Casella Waste beats by $0.06, posts Q1 loss of $0.11/sh. Revs up 5.5% at $139.8M.
  • Costco's August same-store sales rose 7%, with net sales up 9.3% at $5.9B.
  • Ford said its car sales fell 14%, and deliveries of SUVs declined 26% in August.
  • Gazprom's Q1 net triples to $10.6B on 14.2% jump in revs.
  • GM plans to start courting investors for its IPO after Nov. 2 midterm congressional elections.
  • GM's August deliveries fell 25% YoY in the absence of “cash for clunkers” program.
  • Greif reports Q3 EPS of $1.34 (cons $1.21); revs rose 28.4% to $921.3M.
  • Hot Topic's August same-store sales fell 3.7% vs. cons est. of -6.2%.
  • Hovnanian Entrps' Q3 loss narrows to $72.9M. Revs down 1.6% at $380.6M.
  • Owens-Illinois buys Brazilian glass co for $603M; expects rev addition of ~$200M.
  • Oxford Ind beats by $0.09, misses on revs; guides Q3 EPS below consensus.
  • Petrobras to pay $42.5B in stock for 5B barrel oil reserve from Brazilian govt.
  • Ping An to merge its bank unit into Shenzhen Development Bank. Deal est. at $4.3B.
  • Sinochem hires HSBC to advise on its options over a possible bid for Potash.
  • Taleo to acquire strategic partner Learn.com for ~$125M in cash.
  • TXU bonds tumble as natural gas drop imperils biggest LBO.
  • Walgreens to buy 18 pharmacies from Graymark Healthcare. Terms undisclosed.

Economic Calendar: Data on Initial & Continuing Claims, Factory Orders & Pending Home Sales to be released.

RECENT RATING ACTIONS

CIGNA CORP (CI)
FORD MOTOR CO (F)
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Data provided by Egan-Jones

 

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Thu, 09/02/2010 - 08:23 | 559249 BSTrader666
BSTrader666's picture

Not to sound like a complete FuckTard, but what is the yield on 5 Yr. Brazilian soveriegn debt?  I keep seeing differnt quotes and yields.

Thu, 09/02/2010 - 08:30 | 559259 overmedicatedun...
overmedicatedundersexed's picture

Another green shoooot..Auto sales in Aug down 21% y/y worst in 27 years..the second biggest item consumers buy is imploding.

Thu, 09/02/2010 - 08:36 | 559264 firstdivision
firstdivision's picture

<moved>

Wed, 09/29/2010 - 06:15 | 612065 Herry12
Herry12's picture

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