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!

Frontrunning: May 4

Courtesy of Tyler Durden

  • PBOC Reiterates Inflation Control Is Its Top Priority (Shanghai Daily)
  • Portugal Reaches Deal on €78bn Bail-Out (FT)
  • China Allows Firms to Sell Bonds via Private Placement (WSJ)
  • Demand for Bank Loans Mounts in Emerging World, Survey Says (WSJ)
  • China 2011 Growth Seen Solid, Inflation to Quicken: Reuters Poll (Reuters)
  • Yemen-based Jihadist Has Potential to Fill Role (FT)
  • Netflix Said to Seek TV, Film Rights for Latin America Service (Bloomberg)
  • Palestinian Factions Prepare to Sign Deal (FT)
  • Outcry Over Syria Rises Amid Wider Crackdown (FT)
  • Waiting for Dollars in Belarus Puts Lukashenko on Unrest Alert (Bloomberg)
  • U.K. Regulator Expands Its Reach (WSJ)
  • Automakers Reduce U.S. Incentives in April to Five-Year Low (Bloomberg)
  • Foreign Banks Get Scrutiny in Britain (WSJ)
  • Banks Anxious Over Fed Regulations (FT)
  • Raid Gives Obama Poll Boost (FT)

Daily highlights courtesy of Egan Jones:

  • Portugal reaches deal on €78B bail-out; EU and IMF in 3-yr package.
  • Asian stocks decline as raw material producers, Australian banks retreat.
  • AB InBev volume misses estimates as U.S. consumption drops
  • Archer Daniels Midland Q3 profit up 37% at $578M as revs rose 33% to $20.08B.
  • Barclays may sell University Partnerships programme stake, may raise upto $1.7B.
  • BMW’s March operating margin rose from 2.7% last year to 11.9% this year.
  • BNP Paribas’ Q1 net rises 15% to €2.62B on lower costs. Revs rose 1.3% to €11.69B.
  • BP to pay $25M for 2006 spill in Alaska.
  • Charter Communications sells $1.5B of 10-year bonds to repay debt.
  • Clorox falls after cutting 2011 forecast; 2012 targets trail projections
  • Comcast Q1 net rises 9% as cable subscriber defections slow. Revs up 32% at $12.1B.
  • Deutsche Bank faces $1B claim from US in mortgage-fraud lawsuit.
  • FEI Co. f’casts Q2 EPS of at least $0.55 vs. cons est was for $0.47.
  • Great Plains Engy misses by a cent, posts Q1 EPS of $0.01. Revs fell 2.8% to $492.9M.
  • Las Vegas Sands reported Q1 EPS of 37 cents a share vs. cons est. of $0.44/sh.
  • Level 3 Comm’s Q1 loss narrows to $205M on revenue gains of 2%, and lower exps.
  • MasterCard Q1 net rises 23.5% to $562M as revs rose 15% to $1.50B.
  • McKesson beats by $0.06, beats on revs; guides FY12 EPS in-line.
  • Morgans Hotel Group sells Mondrian Los Angeles for $137M.
  • ONEX to sell Husky International for $2.1B to Berkshire Partners, Omers Private Equity.
  • PepsiCo sells $1.75B of notes with yields at lowest in five months.
  • Pfizer Q1 net up 10% at $2.22B on lower costs, taxes that offset flat revenue. Expects to repurchase $5-7B worth of shares this year.
  • Sears Roebuck default swaps soar after sales drop shows ‘dire prospects’.
  • Senate report accusing Goldman of deception referred to US Justice, SEC.
  • Siemens’ Q1 net jumps to €2.79B helped by €1.52B in gains from Areva stake sale.
  • Stone Energy beats by $0.18, beats on revs. Q1 EPS at $0.81. Revs up 19.9% at $197.9M.
  • Swisscom posts 19% jump in quarterly profit on year-earlier FastWeb costs
  • Time Warner’s March net income declines $725M to $653M.
  • Westpac first-half profit rises 7% as bad debts decline, lending increases.

Economic Calendar: Data on MBA Mortgage Index, ISM Srvcs, Crude Inventories to be released.

Earnings Calendar: ACE, AGN, ANDE, AOL, ASCA, ATML, BEBE, CNW, CSC, DVN, DYN, ERTS, GAS, K, KKR, MET, MMC, MUR, NWSA, PCG, SRE, TWX, UDRL.

 


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!