Daily Highlights: 10.12.2010

Tyler Durden's picture Submitted by Tyler Durden on 10/12/2010 06:49 -0500

BainChesapeake EnergyEconomic CalendarEgan-JonesFordGreeceHong KongKKRToyotaUnited KingdomYen

Aluminum prices in China may gain more than 10% on output cuts.Asian stocks fall on lower commodity prices, Yen concerns; Toyota declines.China may worsen trade tensions with biggest quarterly surplus since 2008.China reportedly lifts reserve ratio for top banks.Greece raises $1.6 billion in oversubscribed 26-week treasury bill auction.Japan’s Noda says ready to take ‘bold’ action after Yen hits 15-year high.Oil falls a second day after stronger Dollar reduces appeal of commodities.Thailand to levy 15% tax on income earned on domestic bonds purchased by overseas investors.UK House-Price gauge drops to 16-month low on supply increase: RICS.ActivIdentity to be acquired by ASSA ABLOY, for $3.25/sh.China’s Sihuan Pharma IPO may raise $741M in Hong Kong.EDF is said to support sale of Constellation Energy as relationship sours.Facebook, Zynga impose fees on worker stock sales to limit outside owners.Ford: Sept Asia-Pacific, Africa region sales rose 27% to 78,700 units.Global Payment misses by $0.02, posts Q1 EPS of $0.67. Revs up 7.4% to $440.1M.GM’s China Sept sales rose 15% to 208,353 vehicles vs. Augusts’ 19% growthGymboree to be acquired by Bain Capital for $65.40/sh cash ($1.8B).Halozyme to reduce research related to new compounds, cut jobs by 25%.Harbin Electric CEO, Baring offer to buy company for $752.2M.Honda’s China sales rise 3% YoY in September to 60,913 units.KKR buys Chevron’s 23.4% stake in Colonial Pipeline Co.Malaysia’s Petronas Chemicals plans to raise as much as $4B via IPO.Posco Q3 profit drops 9% on higher material costs, lowers 2010 profit forecast.Sales in September for utility tractor industry fell 11%, while Deere’s sales were down less than 10%.Seneca Capital buys 9.3% stake in Dynegy Inc.; may oppose Blackstone’s$4.7B offer to buy the utility company.Severstal to spend $6.4B on capital expenditure, excl maintenance, through 2014.Wal-Mart Stores said it will start selling Apple Inc.’s iPad on Friday.

Economic Calendar: Minutes of FOMC Meeting to be released today.
Earnings Calendar: CRI, CSX, FAST, GYRO, INTC, LLTC, ODC, PKX, VOXX.


Data provided by Egan-Jones

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by morph
on Tue, 10/12/2010 – 06:55

Media talking truth? http://www.bloomberg.com/news/2010-10-11/home-prices-are-love-affair-that-is-bound-to-fail-matthew-lynn.html


Login or register to post comments by Gubbmint Cheese
on Tue, 10/12/2010 – 06:57

iPads…. Sorry I just don’t get why they are such a HUGE deal.

Login or register to post comments by LeBalance
on Tue, 10/12/2010 – 07:10

“Greece raises $1.6 billion in oversubscribed 26-week treasury bill auction.” — Sure they did, just like Eire I bet.

“Japan’s Noda says ready to take ‘bold’ action after Yen hits 15-year high.” — enough talk Noda, bring it!  (there’s really no war as it is an orchestrated [ore-castrated] dance.) Time to mean reversion: < 2 days. 🙂

“Wal-Mart Stores said it will start selling Apple Inc.’s iPad on Friday.” — /’squeal!!! shriek!!!!’  Its the Beatles!/

Login or register to post comments by cossack55
on Tue, 10/12/2010 – 07:16

The Beatles at WM. Which one?  I need to get George and John’s autograph.

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