- Asian stocks rise to two-week high on US manufacturing data; Canon gains.
- Australia Q2 GDP grows 1.2% - fastest pace in three years.
- Bernanke, Bair to present views of crisis to inquiry panel.
- Brazil holds rate at 10.75%, meeting expectations.
- Economy seen avoiding recession relapse as US data can't get much worse: Survey.
- Indian sugar production may jump 38% next year on higher planting, rains.
- Manufacturing in US grows at faster pace as factories extend recovery.
- Trichet may say ECB to keep emergency lending measures in place into 2011.
- Aeon Co. to join bidding for Southeast Asian assets of Carrefour SA.
- Allergan expects impairment charge of $340-350M related to its Sanctura franchise.
- Arthur J. Gallagher acquires Old Greenwich Consulting Group; terms not disclosed.
- Bank of America raises junk bond sales forecast for 2010 to $240B.
- Casella Waste beats by $0.06, posts Q1 loss of $0.11/sh. Revs up 5.5% at $139.8M.
- Costco's August same-store sales rose 7%, with net sales up 9.3% at $5.9B.
- Ford said its car sales fell 14%, and deliveries of SUVs declined 26% in August.
- Gazprom's Q1 net triples to $10.6B on 14.2% jump in revs.
- GM plans to start courting investors for its IPO after Nov. 2 midterm congressional elections.
- GM's August deliveries fell 25% YoY in the absence of “cash for clunkers” program.
- Greif reports Q3 EPS of $1.34 (cons $1.21); revs rose 28.4% to $921.3M.
- Hot Topic's August same-store sales fell 3.7% vs. cons est. of -6.2%.
- Hovnanian Entrps' Q3 loss narrows to $72.9M. Revs down 1.6% at $380.6M.
- Owens-Illinois buys Brazilian glass co for $603M; expects rev addition of ~$200M.
- Oxford Ind beats by $0.09, misses on revs; guides Q3 EPS below consensus.
- Petrobras to pay $42.5B in stock for 5B barrel oil reserve from Brazilian govt.
- Ping An to merge its bank unit into Shenzhen Development Bank. Deal est. at $4.3B.
- Sinochem hires HSBC to advise on its options over a possible bid for Potash.
- Taleo to acquire strategic partner Learn.com for ~$125M in cash.
- TXU bonds tumble as natural gas drop imperils biggest LBO.
- Walgreens to buy 18 pharmacies from Graymark Healthcare. Terms undisclosed.
Economic Calendar: Data on Initial & Continuing Claims, Factory Orders & Pending Home Sales to be released.
RECENT RATING ACTIONS
CIGNA CORP (CI)
FORD MOTOR CO (F)
SARA LEE CORP (SLE)
BORGWARNER INC (BWA)
EXIDE TECHNOLOGIES (XIDE)
SUNCOR ENERGY INC (SU CN)
UNUM GROUP (UNM)
AMERIGAS PARTNERS LP (APU)
TRANSOCEAN LTD (RIG)
ISLE OF CAPRI CASINOS INC (ISLE)
WILLIAMS COS INC/THE (WMB)
CENVEO INC (CVO)
Data provided by Egan-Jones