Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Daily Highlights: 10.8.09

Courtesy of Tyler Durden

  • Asian stocks rise on Australian jobs report, Alcoa earnings; alumina gains.
  • Australian firms unexpectedly add jobs, driving bets of second rate rise.
  • China car sales growth will slow in 2010: China Auto Logistics Chief says.
  • Consumer credit outstanding fell $12B in Aug, reflecting reluctance to hold debt.
  • Dollar slips against rivals ahead of ECB, BOE meetings.
  • Gold advances to third record, oil gains on outlook for weakening dollar.
  • Luxury-goods brand’s sales are “booming” in China and elsewhere in Asia, while the U.S. market is “slightly positive.” – Hermes Chief Thomas
  • US banks slow to take losses on battered commercial real-estate loans: Fed report.
  • The U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945.
  • Vacancies at U.S. shopping centers rose in the third quarter to a 17-year high as jobless cut spending.
  • Acuity Brands beats by $0.11, posts Q4 EPS of $0.68. Revs fell 19.2% to $422.6M.
  • Adobe reaffirms; sees EPS at $0.33-0.39 (cons $0.37). Revs $690-740M (cons $723M).
  • Alcoa reports unexpected Q3 profit of $77M on cost cuts. Revs fell 34% to $4.62B.
  • Ciena makes a $521M bid for most of Nortel’s optical networking, ethernet assets.
  • ConocoPhillips cuts spending plan by 12%, will sell $10B in assets .
  • Costco Wholesale beats est., Q4 net falls 6% to $374M. Revs dip 3.1% to $21.9B.
  • Eli Lilly settles lawsuit brought by South Carolina over claims of improperly marketing Zyprexa.
  • EU signaled it would accept a settlement proposal outlined this summer by Microsoft.
  • Family Dollar’s fiscal-fourth quarter earnings rose 13% amid improved margin.
  • GM falling short on several important goals, incl. worker reductions, sale of failing brands:  CEO.
  • HSBC in advanced talks to buy RBS’s operations in China, India, and Malaysia.
  • Justice Dept begins inquiry into monopolistic behavior in mainframe market by IBM.
  • Marriott’s Sept. results: $94M gain last year, $466M loss this year.
  • PGE SA, Poland’s largest power utility, prepares to raise $1.8B in an IPO.
  • Pepsi’s Sept. net income rose from $1.57B last year to $1.71B this year.
  • Telefonica bids $3.74B for Brazil’s GVT, challenging Vivendi offer.
  • Teva Pharmaceutical Industries Ltd.’s Copaxone drug can cut the likelihood OF MS.
  • Triad Guaranty to sell mortgage insurance operating platform to Essent Guaranty.

Recent Egan-Jones Rating Actions
ALCOA INC (AA)
NATIONAL OILWELL VARCO INC (NOV)
PEPSI BOTTLING GROUP INC (PBG)
ANHEUSER-BUSCH INBEV NV (ABI BB)
AIRTRAN HOLDINGS INC (AAI)
MONSANTO CO (MON)
ACUITY BRANDS INC (AYI)
COSTCO WHOLESALE CORP (COST)
YUM! BRANDS INC (YUM)
CIENA CORP (CIEN)
FREEPORT-MCMORAN COPPER (FCX)
NEWMONT MINING CORP (NEM)
BARRICK GOLD CORP (ABX)

Data provided by Egan-Jones Ratings And Analytics


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!