Zero Hedge: Daily Highlights April 23, 2010
- Euro, Asian finance stocks fall on Greece concerns.
- Eurostat agency suggested Greece's debt crisis is worse than investors believed.
- Geithner harnesses G-20 behind Yuan push as India, Brazil raise pressure.
- Greece may seek Euro-region bridge loan as $11.3B redemption looms.
- Japan's bank minister not too keen on financial regulation.
- Air China swings to profit in 2009 of $709.4M on fuel hedging gains.
- Amazon.com's Q1 profit jumped 68% to $299M on a 46% rise in revs to $7.13B.
- Amdocs announces $700M share repurchase program authorization.
- American Express beats by $0.09, Q1 EPS at $0.73. Revs rose 11.5% to $6.61B.
- Arthur J. Gallagher beats by $0.04, posts Q1 EPS of $0.28. Revs up 20.3% at $482.4M.
- CenturyTel agreed to buy Qwest for $10.6B in stock- one of the biggest telecom deals in yrs.
- Cheesecake Factory reports Q1 EPS of $0.31 (cons $0.26); revs up 3.2% at $405.4M.
- Ericsson reported a 27% drop in 1Q profit.
- Fairfax plans to maintain its holdings in Wells Fargo and US Bancorp – CEO Watsa
- Honda plans to sell its Insight and CRZ hybrid models in China by 2012 - CEO Ito
- J.M. Smucker raises its quarterly dividend to $0.40 from $0.35/sh.
- Johnson Controls improved from a $193M loss last year to a $271M gain this year.
- Kia Motors' Q1 profit quadrupled to $358M on stronger sales.
- Macarthur Coal grants Peabody Energy Corp. access to a data room to conduct due diligence.
- Microsoft's Q3 profit grew 35% helped by release of Windows 7 operating system.
- NCR Corp.'s Q1 loss widens to $2+M on pension expenses. Revs up 2% at $1.03B.
- Nissan will raise production capacity by almost 70% in China even as it expects sales growth to slow.
- Pfizer discontinues Phase 3 trial of Sutent in advanced hepatocellular carcinoma.
- Phillips-Van Heusen announces pricing of its 5M common stock issue at $66.50/sh.
- US Airways discontinues merger talks with United after "several months" of discussions.
- Xerox's March net income declined from a $42M gain last year to a $42M loss this year.
Source: ZeroHedge
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