Frontrunning: April 21

Tyler Durden's picture
  • S&P Raises the Stakes in Deficit Battle (FT)
  • France and Switzerland most exposed to Greece's debt crisis, say analysts (Guardian)
  • EU Budget Plan Angers Austere States (FT)
  • Prospects Of Stepped-Up Yuan Strength Lifts Asia FX (Market News)
  • Bernanke Bond Market Signals No Shift With Obama Deficit Cutting (Bloomberg)
  • Bernanke to Open Up as Fed Embarks on Era of Glasnost (Hilsenrath)
  • Australia Won’t ‘Manipulate’ Currency Now at Record (Bloomberg)
  • World Revs Up U.S. Profits (WSJ)
  • Balkan Economic Recovery Is at Risk From Greek Woes, Mirow Says (Bloomberg)
  • S. Korea to Inspect Banksover FX Derivatives Trade (Reuters)
  • U.S., Europeans Step up Efforts to Aid Libyan Rebels (WaPo)
  • Photographer Killed in Battle (WSJ)
  • South Korea Renews Currency-Market Scrutiny (WSJ)

Summary Highlights from Egan Jones:

  • Asia central banks intervene as currencies rally.
  • Brazil raises benchmark interest rate to 12% - third rate hike this year.
  • Japan’s corporate loan demand rises for first time since 2009 after quake.
  • Akzo Nobel NV reported that Q1 net income rose 58% on 16% higher revenue.
  • American Electric Power's March net income rises from $345M to $353M.
  • American Express profit climbs 33% on card purchases, fewer late payments.
  • Amgen's Q1 net slips 3.1% to $1.13B despite a 3% rise in revs to $3.71B.
  • Apple's net income rises 95% to $5.99B after IPhone debuts for Verizon.
  • Dai-ichi gets regulatory approval to acquire Tower Australia Group.
  • E*Trade reported Q1 EPS of $0.16, beating analyst estimate of 12 cents on average.
  • Ferrexpo Plc surges amid speculation that Vale SA will make a bid for the co.
  • Fiat to raise Chrysler stake by 16% in Q2, to pay €1.268B to exercise the option.
  • GE's March net income rises from $1.9B to $3.4B.
  • Gilead Sciences posts Q1 EPS of $0.87 (cons $0.97). Revs fell 8% to $1.93B.
  • Honeywell beats by $0.06, beats on revs; raises FY11 EPS view, revs above cons.
  • HSBC Holdings CEO plans to announce a major shakeup at an investor day on May 11.
  • JetBlue's March net income rises from a $1M loss to a $3M gain.
  • Kinder Morgan Partners reports Q1 EPS of $0.43; revs fell 6.4% to $1.99B.
  • McCormick & Schmick's Board rejects LSRI Holdings' unsolicited tender offer of $9.25/sh.
  • Morgan Stanley's March net income declines from $1.8B to $966M.
  • Qualcomm's Q2 profit rises 29.1% to $999M as revs jump 44.4% to $3.9B.
  • Sallie Mae reinstates student lender’s dividend as loan originations gain.
  • Southwest's March net income falls from $11M to $5M.
  • TEPCO in talks with its labor union to cut annual salaries of employees by about 20%.
  • Terex misses by $0.07, beats on revs; raises FY11 revs in-line, reaffirms EPS view.
  • Verizon's March net income rises from $409M to $1.4B.
  • Xerox's March net income rises from a $42M loss to a $281M gain.
  • YUM! Brands misses by $0.01, beats on revs. Q1 EPS at $0.63. Revs rose 3.4% to $2.42B.

Economic Calendar: Data on Initial & Continuing Claims, Philadelphia Fed, Leading Indicators, FHFA Housing Price Index to be released today.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Careless Whisper's picture

just discovered that every iphone is recording your location every 15 minutes, everyday, all the time, recording it in secret file, then syncs the file to your itunes account. not encrypted. no explaination from apple. does the name echelon...

well there's stories everywheer on this, but here's the link if you want the app to map your secret file if you have an iphone.




velobabe's picture

but can it do this tracking if you don't have cell service or GPS from 3G? i just have wifi at home.

Careless Whisper's picture

idk, but probably.

According to Warden and Allan, the data seems to be compiled from cell tower triangulation, rather than GPS, which reduces its full precision (in my own investigation, I noted there also appears to be a log of Wi-Fi location data as well).

velobabe's picture

scandal, drugs, money and FDA. us postal service investigating the bad Dr. for Possible charges could include money laundering, tax avoidance, conspiracy and fraud.

Gazzetta dello Sport reveals more details about Dr Ferrari investigation
April 21, 12:10

Italian newspaper suggests the case is more about illegal payments than doping

Careless Whisper's picture

Jerry Seinfeld cancels Trump charity event for NY children's hospital.


thames222's picture

O.M.G.  did Jerry just "Fire" Donald?  I wonder what the Jewish population will think of the Don's presidential candidacy.

Kina's picture

My god, a political leader that actually talks a lot of sense, Australia's Rudd. No wonder they replaced him with some union owned hack in J Gillard.

velobabe's picture

what, did japan just dry up in the news, tyler?

SteveNYC's picture

As if things in the USA were already not so far skewed in favor of the large corporations:

World Revs Up U.S. Profits

- Weak dollar crushes residents, aids profitability of large corporations

- Regulatory and political capture almost across the board

- Highest income disparity since 1928


Things are looking up!

APC's picture

"France and Switzerland most exposed to Greece's debt crisis, say analysts"


This article is dated Feb 2010.  Don't think I missed it then.  Something I'm missing now?

tomster0126's picture

Things are not looking up!  Lol, we're still fucked!  prices are not going to drop, and that's what matters for now.

tp123's picture

MLB Jerseys are Usually Wear by Team Fans to watch MLB Games. Cheap MLB Jerseys and Youth MLB Jerseys are popular in All teams Fans. Those Baseball jerseys are all make with Hight Quality Sewn on Number and name,Personalized Custom Baseball Jerseys are accept too. The NHL is widely considered to be the premier professional ice hockey league in the world, and one of the major professional sports leagues of the United States and Canada. Feel like part of your favorite NHL team by wearing this Jersey - Authentic NHL Jerseys, made of thick, high-quality Pro-Brite fabric for a genuine gridiron look. Our NHL Jersey online shop at present are very hot welcomed by world shoppers, for the acceptable price, excellent quality, risk-free and fast supply methods. It's a very good selection for you, do not skip them. Our store sale many kinds of jerseys, nfl jerseys supply could make your demand with high quality and lowest price. supply authentic nfl jerseys, nhl jerseys, mlb jerseys and nba jerseys. Getting your product in here!
The modern Chicago Cubs and Atlanta Braves Jerseys franchises trace their histories back to the National Association of Professional Base Ball Players in the early 1870s. Many believe that the formation of the National League in 1876 is the beginning of Major League Baseball.Players like to wear Detroit Tigers jersey very much. Those who soccer teams who would like to chuckle you probably did producing a fundamental scholarship grant deal with more severe opposition.Duplicate jerseys provide exactly the same doing your hair because the genuine mlb jerseys and San Francisco Giants jerseys cheap, nonetheless include filter imprinted lettering made of your lighter in taste nylon uppers content, making all of them less expensive as well as even more at ease. Darren Rovell at CNBC brings us the list of the top selling (mlb jerseys)Major League Baseball jerseys from 2010, but before we get to that, we should talk about The Jersey Code.
Nowadays, many people especially the women and children like wear the nike shoes, Not only the nike company continuous detrusion popular designs and styles, its’ quality is very good invariably. Now, many stores online all supply various designs cheap nike shoes, if you are free you can go to this shops take a walk, you certainly find the design that you love in here, which economical and reflects your grade. Recently, more popular shoes, such as Nike Kobe Shoes?Nike Shox Shoes are in discount activity in these stores. If you heartbeats accelerating, why not go to to choose what you like now!