Zero Hedge: Daily Highlights April 13, 2010
- Asia stocks, metals decline as Alcoa sales miss estimates; Yen strengthens.
- China may float Yuan by June 30, avoid one-off revaluation, Bloomberg survey.
- China's biggest banks face $70B capital shortfall, ICBC's Yang says.
- Global IT spending expected to rise 5.3% in 2010 - Gartner.
- Hu says China to follow own path on Yuan as Obama pushes for 'market' rate.
- Profits for big banks dimmed by home-equity loan loss seen at $30B
- World oil demand to hit record high this year
- Yen strengthens on speculation demand at Greece's debt auction to be weak.
- Alcoa's Q1 misses est., revs up 18% at $4.89B (cons $5.23B); posts a loss of $201M.
- Ambac Fincl posts Q4 net of $558.1M, reflecting a tax benefit & unrealized derivative gains.
- Apache Corp to buy Devon Energy assets in Gulf of Mexico for $1.05B.
- Boots & Coots to be bought by Halliburton Co. for about $240.4M in stock and cash.
- California Pizza Kitchen is reviewing options including a possible sale.
- ConocoPhillips to form U.A.E. alliance to bid for Caspian Oil gas fields
- CF Industries sees Q1 sales below cons expectations on a 6% drop in volume.
- CVS to double number of in-store clinics after Health-Care Law
- Dollar General files for 22M share common stock offering.
- DSG gains on speculation TV and Computer chain may be target for Home Retail
- DynCorp Intl agreed to be acquired by Cerberus Capital for about $1.5B, incl. debt.
- Fujifilm forecasts 10% growth at medical unit on emerging-market demand
- Harrah's debt soars to highest level since buyout as gambling slump eases
- Infineon Q2 seen better than expected, will up FY guidance.
- LVMH shares surge to highest in 10 years on Louis Vuitton and champagne cales
- Macarthur: Arcelor undecided on Gloucester deal.
- Maxim Integrated to acquire privately held Teridian Semiconductor Corp. for $315M cash.
- Popular Inc sees Q1 net loss of $85M, narrowing from Q4 loss of $213.2M.
- Sinopec agrees to buy ConocoPhillips's stake in Syncrude for $4.65B.
Source: ZeroHedge
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