Daily Highlights: 9.9.2010
- Afghan president's brother made $800K in Dubai using loan tied to Kabul Bank.
- Asia stocks up, SKorea unexpectedly leaves key rate at 2.25% as recovery slows.
- Australian employers' hiring for August exceeds estimates; Currency gains.
- BOE mulls 'second wave' of bond buying as rebound ebbs.
- China trade surplus may top $20B, stoking tension over yuan policy.
- China's stocks decline most in 2 weeks on concern about new property curbs.
- Euro slides to $1.2693.
- Norway buys Greek debt as sovereign wealth fund sees no default.
- Oil inventories fall 7.3 million barrels API says.
- Oil hovers near $75 in Asia after US crude supplies drop.
- Space available for lease at US local retail centers to decline next year for the first time since 2005 as consumer spending rises: CB Richard Ellis Group.
- Treasuries rise as Japan stocks pare gains, Fed prepares to buy debt today.
- US falls to 4th place in competitiveness ranking behind Switzerland, Sweden and Singapore.
- 7-Eleven Inc. has offered $40/sh (~$2B) to buy Casey's General Stores Inc.
- Apple eats into Nintendo, Sony's console sales as iPhone plays to gamers.
- BP report pins most of blame for the Deepwater Horizon fiasco on others.
- Goldman hit with a $31M UK fine as part of the investigation by the regulator.
- HP issues $3B of bonds in three-part debt offering.
- Indian court dismisses Vodafone Group's challenge of $2B tax claim.
- Men's Wearhouse's Q2 profit rises 7.6% to $42.5M on 2% rise in revs at $537M.
- National Australia Bank's Axa bid is blocked by regulator for second time.
- Santos Ltd. sells 15% of a proposed LNG JV to Total S.A. for $596M.
- Shanda Games to acquire Eyedentity Games; deal est. at $95M in cash.
- Talbots swings to Q2 profit of $0.9M, but sales disappoints. Revs down 1.3%.
- TNS Inc. to buy pvt owned Cequint for $112.5M; to buy back up to $50M of its stock.
Economic Calendar: Data on Initial & Continuing Claims, Trade Balance to be released.
Earnings Calendar: CHP, GAME, KFY, NOBH, NSM, PNY, STEI, SWHC.
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Data provided by Egan Jones