Daily Highlights: 7.15.10

  • Asia stocks, commodities decline as China growth slows, Fed cuts outlook.
  • Back-to-school spending may rise as much as 16% in US - Natl Retail Federation.
  • BOJ says Japan's growth will slow next year, keeps benchmark rate at 0.1%.
  • China’s stocks dropped, after GDP growth eases to 11.1% in first half from year earlier.
  • China’s June crude-oil processing rose at the most gradual pace in eight months.
  • FDIC accuses 4 former executives of failed IndyMac of negligence in making loans.
  • IMF sees Irish deflation through 2011; predicts a 1.8% fall in prices in 2010, a 0.5% fall next.
  • Industrial production in the US fell in June for the first time in a year: Bloomberg Survey.
  • More than 1M American households likely to lose their homes to foreclosure this year: RealtyTrac.
  • Spain to sell 15-year bonds in debt auction as deficit pressures increase.
  • Airbus won an order worth more than 2 billion euros A330 to Russia's Aeroflot.
  • BP began a test of a new cap on its leaking well.
  • GE CEO Immelt sees slow U.S., European crisis exit-report.
  • GIP, Morgan Stanley among Brisbane port bidders –report
  • Glaxo expects to record a 1.57 billion-pound ($2.4 billion) legal charge in the 2Q.
  • Glaxo’s drug Avandia should stay on the market accdg. to federal health experts.
  • Honda supplier Atsumitec's Chinese plant workers on strike since July 12.
  • JPMorgan's June net income rose from $2.7B last year to $4.8B this year.
  • KKR said to raise $800 million for china fund, joins blackstone.
  • Marriott 2Q profit climbs 42% on rising business travel demand.
  • Meridian Biosciences received approval from the US FDA for its molecular diagnostics.
  • Mylan pays $550M cash for Boiniche Pharma.
  • Novartis to settle worker gender-discrmination case for $152.5 million.
  • Oaktree Capital wins $1.7 bln asset sale by FDIC-FT
  • Sanyo signed a $366 million deal to sell its chip unit to ON Semiconductor.
  • Smart Technologies raised $660 million in the second-biggest IPO this year.
  • Vivus' weight-loss pill faces FDA test.
  • Volkswagen to build new plant in China.
  • Yamaha said sales in North America and Europe may fall twice as much as forecast.

Economic Calendar: Data on Initial & Continuing Claims, PPI, Capacity Utilization to be released.

Earnings Calendar: AMD, ANGO, CARV, CBSH, CBST, DYII, EMMS, FCS, GOOG, JOEZ, LBAI, LION, NXY, PPG, SCHW, WWW.

RECENT RATING ACTIONS
TORCHMARK CORP (TMK)
AFLAC INC (AFL)
NORTHROP GRUMMAN CORP (NOC)
PRINCIPAL FINANCIAL (PFG)
TYCO INTERNATIONAL LTD (TYC)
AAR CORP (AIR)
YUM! BRANDS INC (YUM)
INTEL CORP (INTC)
L-3 COMMUNICATIONS HOLDINGS (LLL)
CAMPBELL SOUP CO (CPB)
XCEL ENERGY INC (XEL)
AFFILIATED MANAGERS (AMG)

Data provided by Egan-Jones Ratings and Analytics

Comments

No comments yet! Be the first to add yours.