Daily Highlights: 9/18/09
- Asian stocks fall as consumer finance firm Aiful seeks debt delay, Hong Kong warns of bank risks.
- EU officials press Obama on capping bank bonuses, tougher climate change.
- Euro-zone's surplus in its trade with the rest of the world hit a 7-year high in July.
- For the first time in nearly 2 years, American households grew a little wealthier in Q2.
- Hong Kong's central bank warns lenders against mortgage-rate reductions.
- Housing starts rose 1.5% in August as apartment construction rebounded.
- Mortgage rates in US decline for third week, reaching 5.04%.
- Philadelphia-area manufacturing beats forecasts as Fed Index jumps to 14.1.
- US Initial Jobless claims falls unexpectedly to 545,000 last week.
- AAR, parent of American Airlines raised $2.9B in funding, in part by selling assets.
- Airbus sees worldwide demand for 25,000 commercial aircraft over 20 years.
- American Axle's lenders amend revolving credit, term loan terms; Co. avoids Ch 11.
- Balfour Beatty Plc will acquire New York's Parsons Brinckerhoff Inc. for $626M.
- Blackstone to buy 50% stake in London's Broadgate from British Land, valued at $1.75B.
- Deutsche Bank ends talks about buying ABN Amro units, over valuations.
- Discover Fincl Srvcs' Q3 net more than tripled to $577.5M on lower overdue loans, exps.
- DuPont sees sales opportunity in emerging economies of $13B by 2012.
- Estee Lauder to close its Prescriptives brand, sees $35M-$40M charge.
- FedEx's CEO said he sees "encouraging signs" the recession has ended; Q1 net down 53%.
- Hanesbrands to stop making own yarn, sells operations; expects $100M.
- Hospira sees Y09 global sales rising 5-7% (prev 4-6%),excl. impact of foreign currency.
- IHS Inc.'s Q3 net rises 65% to $34.7M; to acquire Environmental Support Solns for $59M.
- Major Japanese consumer lender Aiful Corp. sought to reschedule its debt payments.
- OMV AG said to hire JPMorgan, Barclays, UniCredit for stock sale.
- Palm's qtrly loss nearly quadrupled to $164.5M on 81% dip in revs to $68M.
- Penn National Gaming negotiating with Fontainebleau Las Vegas to buy it.
- Sprint CEO declined to comment on takeover speculation swirling around his co.
- Tangshan Steel: Some Chinese mills have reduced production this month.
- Temasek's net fell 67% for year ended March 31 on global economic slowdown.
- Toshiba and Mitsubishi will skip paying a first-half dividend.
- Toyota's request to seal U.S. racketeering suit denied by Judge.
Recent Egan-Jones Rating Actions
RYDER SYSTEM INC (R)
STONE ENERGY CORP (SGY)
ORACLE CORP (ORCL)
FEDEX CORP (FDX)
CREDIT SUISSE GROUP AG (CSGN VX)
EASTMAN KODAK CO (EK)
AMR CORP (AMR)
COMMUNITY HEALTH SYSTEMS INC (CYH)
BEST BUY CO INC (BBY)
COMPUTER SCIENCES CORP (CSC)
ALLIANT TECHSYSTEMS INC (ATK)
MOOG INC (MOG)
TORO CO (TTC)
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