iStock_000009640360XSmallFMX | Connect – www.fmxconnect.com - (Reported 8/12/2010)

 

 

 

 

 

 

 

 

  • Bank of England lowers UK's GDP growth outlook. Stirs speculation of more intervention.
  • Buyers' Credit helped home prices rise in two-thirds of U.S. metropolitan areas in Q2.
  • IEA warns of Gulf spill effect on new oil supplies.
  • India looks to shake up its banks; Central bank reviews banking ownership rules.
  • US trade gap swells to 21-month high; deficit with China more than half of total.
  • Advance Auto beats by $0.13, posts Q2 EPS of $1.16. Revs up 7.2% at $1.42B. Plans $300M share repurchase program.
  • AIG to sell 80% of its money-losing consumer-lending business to Fortress Investment.
  • AB InBEv beat expectations, Q2 profit up 7.4% at $1.15B, despite 3.4% fall in revs.
  • Aegon fourth straight quarterly profit as asset impairments decline
  • Barnes & Noble expected to announce Burkle settlement.
  • Boston Scientific resolves all issues in corporate warning letter from FDA.
  • BMW & Toyota to lose 2,100 cars a day after South Africa strike cuts output
  • British Airways & Cathay recall Boeing 747 jumbo jets from California Desert
  • Centrica to buy gas assets from Suncor for C$375M.
  • Cisco posts 79% jump in Q4 net; Sees FY1Q sales up 18%-20% YoY.
  • CIT refinanced $3B of its first lien debt, prepaid the ~$1B with available corporate cash.
  • E.ON's Q2 net dropped 12% to €1.63B, hit by higher interest expenses and taxes.
  • GM secures $5B credit facility.
  • Google to sell advertising on cable channels available on DirecTV.
  • General Motors to aim for up to $16B in stock sale, reports $1.5B profit for June.
  • Green Mountain to sell 7% stake to Luigi Lavazza for $250M.
  • Icahn extends tender offer for Lions Gate common shares to Oct 22.
  • Legg Mason's Q1 net down 4.2% as AUM fell 2% to $645.4B.
  • Prudential rules out a further bid for AIA
  • RenaissanceRe approves share repurchase program of up to an aggregate of $500M.
  • RWE H1 revenue up 12% to €27.35B, operating profit rises 21%.
  • Sara Lee's June net income rises from $-14M to $187M.
  • SingTel's Q1 net falls 0.2% due to lower contributions from its associates.
  • SRA Intl's Q4 net rises 19% to $20.9M, beats guidance. Backlog up 10% at $4.45B.
  • Telstra annual net profit fell 4.7% to $3.48B amid declining revenues, tough competition.

 

Source: ZeroHedge


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