FMX | Connect – www.fmxconnect.com - (Reported 8/11/2010)
- Asia stocks fall to two-week low, Yen gains on concern at pace of recovery.
- China banks told to account for loans; Rmb 2,300B lending gone off balance sheet.
- China industrial output growth weakens on curbs; Inflation rises to 3.3%.
- Economists reduce US growth estimates as lack of jobs hinders consumers.
- FDIC is seeking alternatives to credit ratings in bank-capital guidelines.
- Fed downgrades recovery outlook; Monetary policy bias shifts toward easing.
- Fed reverses exit plans, sets floor of $2 trillion for securities holdings.
- Fed to reinvest principal on mortgage proceeds to counter slowing economy.
- Oil trades near a seven-day low on signs of faltering economic recovery.
- Tropical depression forms in Gulf of Mexico, disrupts drilling of BP well.
- US stock futures point to sharply lower open.
- Blackstone is said in exclusive talks to buy chemical maker Polymer Group.
- Cree beats by $0.04, reports revs in-line; guides Q1 EPS above cons.
- Dai-ichi Life Insurance 1Q profit fell 65%.
- Dell's Streak tablet to go on sale this week for $299.99 with an AT&T service contract.
- Disney sales, profit top analysts' estimates on ESPN, Movie studio rebound.
- Dow Corning to acquire a 49% stake in Quebec Silicon Metal Mfg facility for $39.7M.
- First Data's Q2 loss narrowed to $171.2M as revs rose 18% to $2.61B.
- GM is expected to post its largest profit in 6 years, buoyed by stronger sales across.
- Hannover Re's Q2 net falls 24% to €159.6M on lower income from its own investments.
- ING earns euro1.09B ($1.44B) in 2Q.
- ICBC offers $1.4B to buy remaining shares of Hong Kong-listed unit.
- Kodak hopes higher Q4, LatAm sales make up for slow year so far.
- Macy's July earnings rise from $7M to $147M.
- Nestle H1 net profit of CHF5.45B, organic growth of 6.1%. Confirms 2010 EPS guidance.
- No evidence of Toyota throttle faults; Details point to driver error: US.
- RailAmerica: Total freight carloads for July were 73,071, up 4.7% YoY.
- RIM sets $79.8M stock buy-back.
- TUI Travel said its FY results would suffer from a sharp slowdown in UK bookings.
- URS' Q2 earnings dropped 35% to $61.9M following a prior-year investment gain.
- Wells Fargo to pay $200M after judge said it overcharged overdraft fees.
Source: ZeroHedge
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