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Daily Highlights: 3.30.10

Courtesy of Tyler Durden

  • Asian shares were higher Tuesday, with steel firms leading gains in Japan.
  • Greece sells €5B of seven-year bonds to refinance debt.
  • Japan industrial output drops 0.9%, Jobless rate unchanged on sluggish recovery.
  • Nikkei surges to 18-mth high
  • OPEC, IEA, IEF to unveil measure to combat oil-price volatility.
  • U.S. Treasury to sell $73 bln in bills.
  • US and Vietnam sign nuclear energy agreement.
  • US consumers in Feb spent as expected despite their incomes didn’t improve.
  • Vietnam growth quickens to 5.83%, pointing to regional revival.
  • Apple plans to begin producing a new iPhone this year that will allow non-AT&T carriers to sell.
  • Bank of New York Mellon wants to become biggest player in asset servicing in Germany.
  • BHP Billiton said it reached agreements to sell most of its iron ore at market prices.
  • Chinese court handed down 10-yr prison sentence to principal defendant in Rio Tinto trial.
  • Chubb estimates losses from Q1 catastrophes at ~$290M.
  • Citigroup stake totaling 7.7B shares will be sold by US Treasury Dept this year.
  • Danaher Corp. ups Q1 EPS view to at least $0.90 vs. prev view of $0.77-0.82.
  • Daimler expands commercial production in Brazil.
  • DoJ, SEC investigating Boston Scientific’s recent recall of implantable heart defibrillators.
  • Ericsson to supply network equipments valued at $1.8B to China Mobile, China Unicom.
  • GM to delay by two weeks the release of financial results for the fourth quarter.
  • Hutchison’s 2009 net rose 12% to $1.2B as losses from European mobile-phone ops narrowed.
  • National Australia Bank and Axa agreed to buy asset manager Axa Asia Pacific Holdings for A$13.3 billion ($12.3 billion).
  • Sanofi-Aventis, Bristol-Myers scored victories in their battle to keep generic copies of Plavix off the US market.
  • Sony Corp. is close to exiting talks to purchase rights to the music catalog of EMI Group.
  • Toyota sudden-acceleration cause to be probed by NASA, US Science Group.
  • UBS said to generate $2.3B of fixed-income revenue in rebuilt unit.
  • Vale wins 90% rise in iron-ore prices as suppliers scrap annual contracts.

Economic Calendar: Data on Case-Shiller 20-city Index-Jan, Consumer Confidence to be released.

Earnings Calendar: DGSE, EPG, FSII, FUL, GRS, ICGN, LNDC, PFIN, SAI, ZZ.

RECENT RATING ACTIONS

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Data provided by Egan-Jones Ratings and Analytics


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