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Daily Highlights: 11/12/09
By: Tyler Durden   Thursday, November 12, 2009 9:20 AM

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  • Asia stocks, currencies gain after Australian jobs report; gold at record.
  • Australian employers unexpectedly hire 24,500; currency jumps on rate bets.
  • Brazil economy to grow 9 percent in 4th quarter as domestic demand surges, top official says.
  • Brazil government defends reliability of power grid after blackout leaves 60M in dark.
  • Dollar falls to 15-month low on bets Fed rate to stay near zero.
  • Euro up to $1.500 in European morning trade, Asian equity gains slow.
  • Fed officials say recovery will be slow as unemployment hampers spending.
  • Global confidence drops as central banks begin to exit emergency stimulus.
  • Gold hits record high of $1,121.90/oz, driven by speculation of dollar weakness.
  • Oil hovers above $79 in Asia amid sluggish US crude demand.
  • Advanced Micro sees 2010 CPU, Graphics market growth of 10%-15%.
  • Aegon returns to profit in Q3, will pay back euro1B in state aid.
  • Anheuser-Busch InBev NV reported Q3 net income of $1.55B, beating estimates.
  • Churchill Downs to buy interactive-technology company Youbet.com Inc. for $126.8M.
  • CSC's Q2 net slumped 51% to $221M amid a prior-year tax benefit. Revs down 4.7%.
  • Exxon Mobil started up a $4.5B refining and petrochemical complex in Fujian Province.
  • Ford's European sales in October rose 13%- strongest showing in 12 years.
  • France's EDF reports 2.9 percent increase in third quarter revenue.
  • GM to report Q3 earnings on Nov 16; its first since bankruptcy.
  • Hewlett-Packard's $2.7B buyout of 3Com heats up rivalry with Cisco.
  • H-P will acquire networking-equipment maker 3Com in a $2.7B deal.
  • Hyosung Corp. scrapped its bid to buy control of Hynix Semiconductor Inc.
  • Lear expects $9.5B sales, $140M in pretax losses for 2009.
  • Macy's narrowed its loss to $35M, with business improving each month in the qtr.
  • Motorola is exploring the sale of its biggest business unit as it seeks to split itself apart.
  • Peugeot Citroen revises its 2009 forecasts 'significantly upwards' as auto market improves.
  • RailAmerica's Q3 profit grew 21% helped by big tax benefit and lower transportation costs.
  • Repsol 3rd quarter profits down 47 pct on lower crude prices, refining margins.
  • Telefonica SA's Q3 net drops 0.6% amid worst Spanish recession in six decades.
  • Toll Brothers' Q4 orders surged 42% cancellations slowed.
  • UniCredit said third-quarter net profit fell 26% as write-downs.

Recent Egan-Jones Rating Actions

HEWLETT-PACKARD CO (HPQ)
SNAP-ON INC (SNA)
EMERSON ELECTRIC CO (EMR)
SEMPRA ENERGY (SRE)
DEAN FOODS CO (DF)
PRUDENTIAL FINANCIAL INC (PRU)
NATIONAL FUEL GAS CO (NFG)
MACY'S INC (M)
TYCO INTERNATIONAL LTD (TYC)
UNITED RENTALS INC (URI)
CORN PRODUCTS INTERNATIONAL (CPO)
ROCKWELL AUTOMATION INC/DE (ROK)
SARA LEE CORP (SLE)

Data provided by Egan-Jones Ratings And Analytics


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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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