FMX | Connect – www.fmxconnect.com - (Reported 7/16/2010)
- Americans blame Bush, not Obama, for deficit, jobs and Afghan War
- Asian stocks fall for 2nd day, Yen strengthens on US output.
- China interest-rate swaps decline to one-year low on slower growth outlook.
- Cost of Living, Consumer confidence in US probably dropped.
- Crude oil falls a third day as economic reports show recovery may falter.
- Turkey's central bank kept its benchmark interest rate steady at 7%.
- Advanced Micro beats by $0.05, reports Q2 EPS of $0.11. Revs rose 5.1% to $1.65B.
- AgriBank gains in Hong Kong on debut after $19.2B IPO.
- Airbus & Boeing duopoly starts to crack as rivals from Canada, China and Russia attack
- Bank of America's June net income down slightly from $3.2B last year to $3.1B this year.
- Arthur J. Gallagher announces new $500 mln credit facility.
- BP nears $11B asset sale to Apache
- BP Plc may saddle potential buyers of its assets with lawsuits as it tries to raise money.
- BP test cap temporarily staunched the Gulf oil leak.
- Carrefour reported a 6.3% rise in qtrly sales, helped by a positive FX impact.
- CitiGroup's June net income declined from $4.3B last year to $2.7B this year.
- GE's June net income rises from $2.7N last year to $3.1B this year.
- GlaxoSmithKline to record $2.4B in charges in Q2 to cover the cost of settling legal disputes.
- Goldman will pay $550M to SEC to settle charges related to subprime mortgage CDOs.
- Google misses by $0.07, posts Q2 EPS of $6.45. Revs rose 25.0% to $5.09B.
- Honam Petrochemical to buy Malaysia's Titan Chemicals for $1.25B.
- Nokia board faces call for change on $77B lost value
- Polycom reports Q2 EPS of $0.34 (cons $0.32); revs rose 27.7% to $295M.
- Schwab's June net income remains at $205M.
- Smithtown Bancorp to merge with People's United Financial for ~$4/share.
- Sony Ericsson swings to second-quarter profit
- Spectra Energy acquires Bobcat's Gas Storage assets and development project for $540M.
- Wal-Mart said to seek $1.2B selling Samurai bond sales on July 21
- WP Carey plans to spend about $3B buying European properties and leasing them back.
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.