This page has been archived and commenting is disabled.

Frontrunning: June 6

Tyler Durden's picture




 
  • US data chief warns on employment - "Probably the most notable thing about [the jobs report] is there isn’t anything notable about it,” said Keith Hall, commissioner of the Bureau of Labor Statistics (FT)
  • Geithner May Support Lagarde for IMF to Keep U.S. Leadership of World Bank (Bloomberg)
  • Obama Is Focusing on Tax Incentives, Subsidies to Spur Jobs, Goolsbee Says (Bloomberg)
  • Socialists ousted in Portugal election (FT)
  • Sino-Forest to provide details of tree ownership (Daily Mail)
  • New data suggests Iran military link-UN atom chief (Reuters)
  • Rain quenches thirst of areas hit by drought (China Daily)
  • Obama nominee withdraws from Fed race (FT, Reuters)
  • Thousands protest against Greek austerity (FT)
  • Plan Focuses on Rescheduling of Greek Debt (FT)
  • Iran to send caretaker oil minister to OPEC (Reuters)
  • Ingredients of a European political union (FT)
  • The world economy survives crisis after crisis (FT)
  • Saudi Arabia to push OPEC to lift oil output, cut prices (Reuters)
  • Johnson: EU Needs Trichet’s Unified Finance Ministry (Bloomberg)

Global Highlights courtesy of Egan-Jones:

  • Airline profits forecast cut 54% by IATA on Japan quake, rising fuel costs.
  • Asia stocks decline after US jobs growth slows.
  • China Airlines may be exempted from EU carbon plan: report.
  • Dollar gains seen evaporating as Fed maintains stimulus while growth slows.
  • Egypt secures $3B IMF standby loan agreement to help bridge projected deficit.
  • Europe producer-price inflation slows for first time in 8 months.
  • German banks top French with $23B in Greek debt, BIS report shows.
  • Treasuries snap advance on Greece aid, speculation recent gains too rapid.
  • Aegis Group in talks over possible sale of its Synovate market-research arm to Ipsos SA.
  • Airbus chief warns on emissions policy; says Brussels risks trade war with Beijing.
  • Altria recommends rejection of mini-tender offer by TRC Capital for 4M shares.
  • Arch Coal prices 48.0 mln shares of common stock at $27 per share.
  • Diageo buys 20% stake in Kenyan brewer from SABMiller for $225M.
  • Dynamics Research to acquire High Performance Technologies for $143M in cash.
  • First Financial to acquire Liberty Savings Bank's Ohio-based retail branch locations.
  • Google being probed by Justice Dept on whether its $900M purchase of Nortel Networks patents can give it an unfair competitive advantage in the wireless sector.
  • Host Hotels & Resorts sues Molinaro Koger for flipping properties for its own profit rather than getting highest possible price.
  • Lagardere SCA sells its intl magazine businesses in Russia, Ukraine to Hearst Corp.
  • Newell Rubbermaid sees Q2 normalized earnings as much as 15% below cons.
  • Nintendo says US server breached, no data lost.
  • PartnerRe expects $50M-$70M loss on tornadoes that hit US in late April.
  • Prada said to seek as much as $2.6B in Hong Kong initial offering.
  • Smithfield Foods terminates negotiations to acquire controlling interest in Campofrio Food.
  • Statoil ASA to divest a 24.1% interest in Gassled joint venture for $3.25B.
  • Wal-Mart confirms new $15B share repurchase program; increases dividend.
  • Wal-Mart on an analyst briefing said it wouldn’t expect to make acquisitions in the US.

Earnings Calendar: CHMP, CRAI, FCEL, FGP, HWKN, KAD, PBY, RFIL, THO.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 06/06/2011 - 08:03 | 1342775 Out9922
Mon, 06/06/2011 - 08:12 | 1342792 Dolemite
Dolemite's picture

Precious metals to present good buying oppurtunity after a near term correction?

Gold and silver showing signs of weakness, and oil is confirming.

http://deadcatbouncing.blogspot.com/

Mon, 06/06/2011 - 08:07 | 1342783 rodocostarica
rodocostarica's picture

You may add to this list of headlines

Commie friend of Hugo Chaves appears to have won presidential election in Peru.

 

But promises that he is not a commie any longer.

Change you can believe in

 

 

Mon, 06/06/2011 - 08:36 | 1342855 Careless Whisper
Careless Whisper's picture

Today's front page headline of the day goes to the NY Post:

Hide The Weiner

http://www.nypost.com/archives/covers/;jsessionid=7592E297A435657E68E3B3...

here's the story:

http://www.nypost.com/p/news/local/brooklyn/weiner_is_shrinking_LkOCResr...

not much economic news today, so whatever

 

 

Mon, 06/06/2011 - 08:43 | 1342884 Careless Whisper
Careless Whisper's picture

and the good news for south florida property owners (real headline):

South Florida cities find real estate news less bad than before http://www.miamiherald.com/2011/06/04/2251204/cities-find-real-estate-news-less.html#ixzz1OV1G81rP

Miami-Dade and Broward leaders breathed a sign of relief last week when the latest figures showed that this year’s slide in property values was the smallest since 2008.

Mon, 06/06/2011 - 09:04 | 1342930 djsmps
djsmps's picture

The Marketwatch front page headline:

U.S. futures erase declines

Go the article, whose headline is:

U.S. stock futures drift lower; Apple in focus

Mon, 06/06/2011 - 09:06 | 1342936 the not so migh...
the not so mighty maximiza's picture

I thought this was interesting

http://www.tomsguide.com/us/Alarm-Clock-Money-Shredding,news-11412.html

Looks like we really are preparing for hyperinflation subconsciously.

 

Mon, 06/06/2011 - 09:57 | 1343107 Azannoth
Azannoth's picture

"Socialists ousted in Portugal election" - socialists out -> socialists in, you mean

Mon, 06/06/2011 - 14:25 | 1343890 Problem Is
Problem Is's picture

"New data suggests Iran military link-UN atom chief"

Let me write that headline:

Japanese toady tows US fascist military line

What else is new? The entry into the Japanese political class means you are a useful idiot US water carrier for life...

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