Zero Hedge: Daily Highlights April 30, 2010
- Asian stocks advance as earnings improve, Greek debt crisis eases.
- Greece has agreed with the IMF and the EU to take additional austerity measures.
- Japan Household Spending, Wages rise as consumer prices tumble for the 13th month.
- Steel futures in Shanghai heading for biggest monthly drop since January on demand woes.
- UK consumer confidence falls to three-month low as election approaches.
- Yen weakens as Greece aid talks, economic outlook revive demand for yields.
- Barclays' Q1 net rises 29% to $1.7B, helped by growth at its investment banking operations.
- Brazil's Embraer posts Q1 net profit of $35.3M vs. year-ago loss of $23.4M.
- Bristol-Myers' Q1 profit rises 16%, but outlook slips on reform costs.
- China Construction Bank plans to raise $11B in Asia’s biggest-ever rights offer.
- Dr Horton's March results: $108M loss last year, $11M gain this year.
- Exxon posts 38% jump in Q1 profits, to $6.3B, on higher crude oil prices.
- Fiserv's Q1 earnings rose 17% to $121M on fewer charges and lower expenses.
- Goldman Sachs under scrutiny of Federal prosecutors reviewing suit by SEC.
- Kodak posts profit of $119M in Q1, helped by patent settlement proceeds. Revs up 31%.
- L'Occitane is said to raise $707M in first French IPO in Hong Kong.
- Metlife swings to $805M profit, reversing $574M loss year ago, on higher revs, invt returns.
- Motorola swung to Q1 profit of $69M on better performance at its networks, enterprise divisions. Total phone shipments fell 43% to 8.M.
- Regal Ent Q1 profit slides 23% to $21.3M on higher costs. Revs up 8.1% at $719.8M.
- Samsung Electronics' Q1 profit grew more than six fold to $3.6B on 21% rise in revs.
- Sunoco swings to Q1 loss of $63M on charges related to sale of chemical biz; but beats view.
- Symantec to buy two privately held email- and data-encryption companies for $370M cash.
- Takefuji Corp. sues Merrill Lynch for $309M, claiming failure to provide sufficient explanation of a financial transaction.
- Total SA's Q1 profit rose 14% to €2.61B as sales increased 25% to €37.6B.
Source: ZeroHedge
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