8.2 C
New York
Thursday, March 28, 2024

Daily Highlights: 4.30.09

Courtesy of Tyler Durden

  • Asian stocks advance as earnings improve, Greek debt crisis eases.
  • Greece has agreed with the IMF and the EU to take additional austerity measures.
  • Japan Household Spending, Wages rise as consumer prices tumble for the 13th month.
  • Steel futures in Shanghai heading for biggest monthly drop since January on demand woes.
  • UK consumer confidence falls to three-month low as election approaches.
  • Yen weakens as Greece aid talks, economic outlook revive demand for yields.
  • Barclays’ Q1 net rises 29% to $1.7B, helped by growth at its investment banking operations.
  • Brazil’s Embraer posts Q1 net profit of $35.3M vs. year-ago loss of $23.4M.
  • Bristol-Myers’ Q1 profit rises 16%, but outlook slips on reform costs.
  • China Construction Bank plans to raise $11B in Asia’s biggest-ever rights offer.
  • Dr Horton’s March results: $108M loss last year, $11M gain this year.
  • Exxon posts 38% jump in Q1 profits, to $6.3B, on higher crude oil prices.
  • Fiserv’s Q1 earnings rose 17% to $121M on fewer charges and lower expenses.
  • Goldman Sachs under scrutiny of Federal prosecutors reviewing suit by SEC.
  • Kodak posts profit of $119M in Q1, helped by patent settlement proceeds. Revs up 31%.
  • L’Occitane is said to raise $707M in first French IPO in Hong Kong.
  • Metlife swings to $805M profit, reversing $574M loss year ago, on higher revs, invt returns.
  • Motorola swung to Q1 profit of $69M on better performance at its networks, enterprise divisions. Total phone shipments fell 43% to 8.M.
  • Regal Ent Q1 profit slides 23% to $21.3M on higher costs. Revs up 8.1% at $719.8M.
  • Samsung Electronics’ Q1 profit grew more than six fold to $3.6B on 21% rise in revs.
  • Sunoco swings to Q1 loss of $63M on charges related to sale of chemical biz; but beats view.
  • Symantec to buy two privately held email- and data-encryption companies for $370M cash.
  • Takefuji Corp. sues Merrill Lynch for $309M, claiming failure to provide sufficient explanation of a financial transaction.
  • Total SA’s Q1 profit rose 14% to €2.61B as sales increased 25% to €37.6B.

Economic Calendar: Data on Employment Cost Index, Chicago PMI, Mich Sentiment to be released.

Earnings Calendar: AGN, AGP, AON, AXL, B, BYD, CEG, CVX, DHI, DISCK, JOUT, LPNT, NDAQ, NWL, SWIR, TOT, UNS, VFC.

RECENT RATING ACTIONS
STARWOOD HOTELS & RESORTS (HOT)
TEREX CORP (TEX)
ETHAN ALLEN INTERIORS INC (ETH)
MANITOWOC CO INC/THE (MTW)
FORTUNE BRANDS INC (FO)
DOW CHEMICAL CO/THE (DOW)
THERMO FISHER SCIENTIFIC (TMO)
HEWLETT-PACKARD CO (HPQ)
COMCAST CORP (CMCSA)
JONES APPAREL GROUP INC (JNY)
EI DU PONT DE NEMOURS & CO (DD)
PPL CORP (PPL)

Data provided by Egan-Jones Ratings and Analytics

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,453FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x