This page has been archived and commenting is disabled.

Daily Highlights: 9.7.2010

Tyler Durden's picture




 
  • Asian stocks fall for first time in five days; Japanese automakers decline.
  • Australia extends interest rate pause on concern global growth is slowing.
  • Australian Labor Party gains enough seats to form a minority government.
  • China's 4 biggest banks lent $32.2B in new yuan loans in August, in line with govt ruling.
  • China passenger car sales increased 18% in August.
  • China rejects currency pressure.
  • China's slowdown in industrial output growth will deepen, Government says.
  • Copper declines in London.
  • Asian steelmakers rally on Obama's infra plan; Euro drops on bank funds concern.
  • Germany's 10 largest banks may need as much as $135.4B in extra capital under new Basel III norms.
  • India aviation ministry plans to invest $8.6B in 5 years in planes, infrastructure.
  • Japan holds rates unchanged, signals outlook worry.
  • Obama unveils infrastructure plan; $50bn project to jump-start job creation.
  • UK same-store sales values rose 1% YoY in August: British Retail Consortium.
  • AIG seeks HK approval to list AIA on Sept 21 - report
  • Air Products raised its cash offer for rival Airgas Inc. to $65.50/sh or $5.48B.
  • AK Steel implements $40 per ton price increase for carbon steel products.
  • Alfa Laval AB made a $696M bid for Munters AB.
  • Barclays appoints investment bank chief Diamond to succeed CEO John Varley.
  • BP reportedly targeting $40B of disposals, plans to sell Alaska assets.
  • Campbell Soup's Q4 profit jumped 64% to $113M on cost cuts; revs fell 1%.
  • Macquarie expects H1 profit to fall about 25% as global mkt conditions remain weak.
  • Mark Hurd named co-President by Oracle.
  • Severstal swings to Q2 profit of $192M as sales jumps 72% to $4.25B.

Earnings Calendar: CASY, DITC, FLOW, GRO, MIND, PIKE, PVH.

RECENT RATING ACTIONS
FMC CORP (FMC)
COOPER COS INC/THE (COO)
WYNDHAM WORLDWIDE CORP (WYN)
H&R BLOCK INC (HRB)
SINCLAIR BROADCAST GROUP (SBGI)
VALERO ENERGY CORP (VLO)
LOEWS CORP (L)
NEWELL RUBBERMAID INC (NWL)
TRAVELERS COS INC/THE (TRV)
HELIX ENERGY SOLUTIONS (HLX)
ALLSTATE CORP/THE (ALL)
GENWORTH FINANCIAL INC (GNW)

Data provided by Egan-Jones Ratings and Analytics

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 09/07/2010 - 08:05 | 566894 Mercury
Mercury's picture

Asian steelmakers rally on Obama's infra plan...

We're already seeing results! Nice work Barry.

Tue, 09/07/2010 - 08:09 | 566911 HelluvaEngineer
HelluvaEngineer's picture

Any chance the bridges made of Chinese steel will be clearly marked, so that I know not to drive over them?

Do NOT follow this link or you will be banned from the site!