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Daily Highlights: 10/30/09
By: Tyler Durden   Friday, October 30, 2009 9:30 AM

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  • Asian Stocks rise as earnings, Japan jobless data, stoke growth optimism.
  • Bank of Japan keeps benchmark rate at 0.1%, stops buying corporate debt.
  • Dollar falls for fourth month against Euro, US growth aids risk demand.
  • Japan central bank forecasts 3 years of deflation as it ends emergency credit steps.
  • Oil poised for biggest monthly gain since May on optimism over US demand.
  • U.S. Economy expands for the first time (+3.5%) in more than a year amid stimulus.
  • U.S. Home vacancies increase to 18.8M as lenders seize properties.
  • Alcatel-LucentQ3 net loss widens to $269 million as carrier sales in Europe fall.
  • Audi 3Q operating profit falls 54 percent to $515 million.
  • Bare Escentuals reported Q3 EPS of $0.24, exceeding average analyst estimate by 17%.
  • Burger King's Q1 net falls 3.2% to $46.6M as revenues fell 5% to $636.9M.
  • Expedia Inc.'s Q3 net rises 23% amid higher bookings, rise in hotel, car rental revenue.
  • Exxon Mobil reported a fourth straight drop in profit after demand slumped for fuels.
  • Kodak's Q3 loss stood at $111M, as revs fell 26% to $1.78B - worse than expected.
  • Macquarie Infrastructure to split its portfolio of roads into two separately listed entities.
  • MetLife Inc. reported a $620M qtrly loss led by $857M of derivative losses.
  • Motorola posted a Q3 profit of $12M, as cost cuts offset a 28% drop in revenue.
  • Panasonic ups Y09 operating profit f'cast 60% on improving sales.
  • Priceline.com to replace Schering-Plough which is being acquired by Merck, in S&P 500 Index.
  • Procter & Gamble's earnings fell 1.2% as revenue slid. Colgate's profit rose 18%.
  • Samsung Electronics posts record $3.1B profit on chip, LCD prices.
  • Sony swung to Q2 loss of $287.5 million, but expects its full-year loss to narrow.
  • Sprint Nextel's Q3 loss widened to $478M as subscribers continued to exit the co.
  • Toshiba ekes out small profit to $1.1M in 2nd quarter on cost-cutting, higher memory chip sales.
  • Volvo rival offer by Sweden's Konsortium Jakob may be made by end of week.

Economic Calendar: Data on Personal Income-Spending, Chicago PMI to be released today.

Earnings Calendar: ACI, AEE, ALU, AOC, CEG, CMI, CVX, D, DUK, EL, GAS, LNT, MDC, MDU, SNE, SNY, WPO, WY.

Recent Egan-Jones Rating Actions

ILLINOIS TOOL WORKS INC (ITW)
STANLEY WORKS/THE (SWK)
FLOWSERVE CORP (FLS)
BORGWARNER INC (BWA)
ALCOA INC (AA)
SEALED AIR CORP (SEE)
OFFICEMAX INC (OMX)
GOODYEAR TIRE & RUBBER (GT)
US CONCRETE INC (RMIX)
NEWELL RUBBERMAID INC (NWL)
CIT GROUP INC (CIT)
NEW YORK TIMES CO/THE (NYT)
BEMIS CO INC (BMS)


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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