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: 11.24.2010

Courtesy of Tyler Durden

  • Asia stocks continue retreat on Korea clash; shelling adds to uncertainty.
  • China orders crackdown on commodity speculators in widening anti-inflation campaign.
  • Euro drops to 2-month low against US dollar amid concerns.
  • Fed considered long-term rate target in secret; Numerical inflation objective also discussed.
  • Fed officials disagreed on benefits of $600B stimulus, FOMC minutes show.
  • Fed trims 2011 outlook on growth, jobs : FOMC Minutes.
  • Ireland credit rating cut two levels to A by S&P as bank bailout adds debt.
  • Oil hovers above $81 in Asia as US GDP growth, higher crude supplies.
  • Portugal, Spain borrowing costs jump amid strike, market fears about economy.
  • US Treasuries fall as reports may show consumer spending, goods orders rose.
  • Alcatel-Lucent to sell €500M of Jan-16 bonds to partially refinance a 2011 convertibles.
  • Broadridge signs agreement to acquire Matrix Financial Solns for $201M in cash.
  • Cabot Oil & Gas Corp. said it sold its remaining investment in Canada for $61.3M.
  • Caterpillar is planning a 1B yuan ($150.6M), two-year bond issue in Hong Kong.
  • Centerbridge Capital said to seek $1B for loan servicer Green Tree.
  • Cerberus said to be seeking buyers for Chrysler’s former auto lending unit.
  • Danone SA buy YoCream International Inc. for $103M.
  • Dublin to take majority stake in Bank of Ireland.
  • Guess? Inc. raised its 2011 EPS f’cast to at least $3.02 (cons estimate $2.93)
  • Hormel Foods’ Q4 net rises 17%; sees FY11 EPS at $3.10-3.20 (cons $3.05).
  • J Crew agreed to be bought by two PE firms for $43.50/sh, or about $3B.
  • McMoRan Exploration to issue $900M of equity-linked securities after acquisition of Plains Exploration & Production Co.’s assets.
  • Medtronic’s Q2 net fell 35% to $566M on lawsuit settlements. Revs rose 1.7% to $3.9B.
  • SAP ordered to pay Oracle $1.3B for illegally downloading software.
  • Transcat enters into letter of intent to acquire Wind Turbine Tools; terms undisclosed.
  • Verigy issues downside guidance for Q1, sees EPS of $(0.03)-0.02, (cons $0.17).
  • Zale Corp.’s Q1 loss widened to $97.9M amid debt-related charge. Revs dipped 0.7%.

Economic Calendar: Data on Personal Income-Spending, PCE Prices, Durable Orders-Oct to be released today.

RECENT RATING ACTIONS
AGCO CORP (AGCO)
NASH FINCH CO (NAFC)
SYSCO CORP (SYY)
TYSON FOODS INC (TSN)
JACK IN THE BOX INC (JACK)
OXFORD INDUSTRIES INC (OXM)
BROCADE COMMUNICATIONS (BRCD)
IRELAND (1266Z ID)
GERMANY (3413Z GR)
BUNGE LTD (BG)
TYCO INTERNATIONAL LTD (TYC)
INGRAM MICRO INC (IM)

Data provided by Egan-Jones


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!