Frontrunning: April 25

Tyler Durden's picture
  • Bill Gross Battles Dealers on Outlook as Treasuries Gain (Bloomberg)
  • Jim Saft chimes in: Triumph of gold, the anti-investment (Reuters)
  • Fed Searches for Next Step - New Focus on Interest-Rate Plan as Controversial Bond-Buying Strategy Winds Up (WSJ)
  • Iran says it has detected second cyber attack (Reuters)
  • Classified Files Offer New Insights Into Detainees (NYT)
  • Illnesses Surge Among Quake Victims (WSJ)
  • ECB-forced 'run on our banks' led to bailout (Independent)
  • BOJ to Hold Fire, Stick to Recovery View Despite Quake (Reuters)
  • OPEC unlikely to change output in June (Retuers)
  • SEC, CFTC to Unveil Swaps Definition Proposal (Reuters)
  • EU Closer to US-Style Financial Reform (FT)
  • China consumer prices likely to rise 4.5 pct in 2011 (Xinhua)
  • China must watch for rising U.S. Treasury yields: researcher (Reuters)
  • Tanks in Syria's Deraa city, bodies in street -witness (Reuters)
  • NATO Strikes Qaddafi Compound as Loyalist Forces Shell Misrata (Bloomberg)
  • Yemen: President Saleh's forces fire on Taiz protesters (BBC)
  • Crisis-hit Tokyo Electric to cut top exec pay by half (Reuters)
  • Tepco Pumps Tainted Water From Reactor Trenches, Adds Backup Power Cables (Bloomberg)

Daily Highlights courtesy of Egan Jones

  • China official: 2Q CPI rise likely 4.9%-5.1%.
  • Coburn says Medicare, Medicaid spending must be included in budget talks.
  • Dollar hits a fresh 29-year low against the Australian dollar.
  • Gold prices hit record, spot price at $1,514.
  • Japan’s Opposition wins by-election as crisis erodes support for Kan’s DPJ.
  • Most Asian stocks advance as financial shares gain; Acer slumps on profit.
  • Oil floats near $113 as damaged fields shut Libya output.
  • Yen weakens on outlook for interest rates; Gold rises to record, Oil gains.
  • AMD reported Q1 profit that beat analysts’ predictions, citing demand for its new chips.
  • Barrick to buy Equinox for C$7.3B.
  • B/E Aerospace's Q1 net rose 49% to $50.3M on 29% higher revenue at $600.2M.
  • C.R. Bard beats by $0.05, reports Q1 EPS of $1.51. Revs rose 7.6% to $700.3M.
  • Chubb beats by $0.19, beats on revs. Posts Q1 EPS of $1.35. Revs rose 3.4% to $2.86B.
  • CIT agrees to sell Dell-related Canadian and European assets and functions to Dell.
  • Cooper Ind.'s March net income triples.
  • Exxon said to shut Thai refinery to modify units to cut sulphur in fuels.
  • Ford Motor may report its largest Q1 profit since 1998 due to sales gain.
  • JPMorgan, Lehman Brothers trustee reach agreement on return of customer assets.
  • Michael Dell looks beyond PC business, working to reduce co's reliance on consumer PCs.
  • Nintendo Co. posted a decline in 2010 profit - second straight year, on sluggish sales.
  • Party supplies company Party City Hldgs plans a $350M IPO.
  • Polycom beats by $0.06, posts Q1 EPS of $0.48. Revs rose 24.6% to $344.2M.
  • SanDisk posts Q1 EPS of $1.03 (cons $1.00); revs rose 19.2% to $1.29B.
  • Sohu.com Inc. first-quarter net profit rose 48% YoY, beating expectations.
  • Tenet Healthcare board rejected a revised bid from Community Health Sys - says that it "grossly undervalues" the company.
  • Toyota car production in Japan falls 62.7% due to parts supply shortage after tsunami.
  • Williams Partners to buy most of Williams' remaining interest in Gulfstream Sys for $330M.
  • YRC Worldwide reports progress in restructuring talks.

Economic Calendar: Data on New Home Sales to be released today.

Earnings Calendar: AAI, ACGL, BEAV, BEC, BSRR, CHE, CITZ, CQB, DXYN, ELX, FBNC, HGSI, HXL, IBI, JCI, KMB, NFLX, RCII, RSH, UBCP, UIS, WCN.