FMX | Connect – www.fmxconnect.com - (Reported 5/19/2010)
- Asian, European stocks, commodities fall; Treasuries rise after Germany bans short selling.
- Consumer prices in US may show inflation contained as economy recovers.
- Germany to ban naked short-selling on certain financial stocks, soverign bonds.
- Hedge Funds bet Europe's $1 trillion rescue package won't cure debt crisis.
- Private Equity-backed US IPOs leave buyers with worst returns in decade.
- US Regulators proposed new curbs to tame volatility; circuit breakers for every stock.
- Amazon.com to launch a publishing arm to produce English translations of foreign books.
- Ambac Fincl Grp's Q1 loss widened to $690.1M on accounting change, impact of derivatives.
- Analog Devices' Q2 profit tripled to $167.1M as revs climbed 41% to $668.2M.
- Banco Santander held talks with M&T Bank about combining its U.S. operations with the Buffalo, New York-based lender – report
- BofA agreed to sell its entire stake in Itau Unibanco Holding in a transaction worth as much as $4.4 billion to boost capital.
- CNPC agreed to acquire a 35% stake in Shell’s unit in Syria; deal est. worth $1.5B.
- Deere's April net income rises from $472M to $547M.
- Donaldson Co. expects Q3 EPS of $0.61-0.63 (cons $0.54); revs of $498M (cons $463M).
- Home Depot Q1 profit rises 41% to $725M, raises full-year view.
- HP posted a 28% increase in Q2 profit to $2.2B and a 13% jump in revenue to $30.85B.
- Microsoft sued Salesforce.com for allegedly infringing on nine of its patents.
- Pfizer will cut 6000 jobs, or 18% of its worldwide workforce, as it pares back operations following purchase of rival Wyeth.
- Saks swings to Q1 profit of $18.8M on margin expansion. Revs rose 6.9% to $667.4M.
- SunTrust Banks had the biggest drop in eight months after investors including Warren Buffett’s Berkshire Hathaway sold shares in the company.
- Symantec is close to a deal to acquire a unit of VeriSign for about $1.3B.
- Toyota to recall 4,500 Lexus vehicles in Japan to fix a computerized steering problem.
- Wal-Mart warned that U.S. sales would continue to be slow in coming months.
- WaMu amends bankruptcy plan, to return $7B to creditors; FDIC support unclear
Source: ZeroHedge
-----
About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants
-----
Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.