iStock_000009640360XSmall FMX | Connect – www.fmxconnect.com - (Reported 7/20/2010) 



 

 

 

 

 

 

  • Asian stocks gain on outlook for China's economy; Yen weaken.
  • Backed by moderate Republicans, Democrats expect to extend jobless benefits.
  • China loosens rule on yuan banking in Hong Kong as it promotes currency.
  • China needs higher interest rates or stronger yuan to avoid inflation and 'hard landing'.
  • Oil hovers below $77 as mixed signs from economy, stock markets extend malaise.
  • Optimistic start for Farnborough Air show fuels hope that worst is past for airlines.
  • UK June public sector borrowing $22.1B, slightly less than last June.
  • Canada Pension and Onex Corp. are considering a $4.4B bid for Tomkins Plc.
  • Crown Holdings's Q2 profit grew 6.7% to $112M on higher margins. Revs slid 2.2%.
  • Delta Air Lines posts Q2 EPS of $0.65 (cons $0.63); revs rose 16.7% to $8.17B.
  • Electrolux posted a 57% rise in Q2 net profit, but revenue fell.
  • Emirates orders 30 Boeing 777 planes for $9.1B.
  • Goldman's June net income slips from $2.7B last year to $453M this year.
  • Griffon to buy lawn and garden firm Ames True Temper for $542M
  • Halliburton's Q2 earnings rose 83% to $480M as revs rose 26% to $4.39B.
  • Handelsbanken profit rose 1.7% to $349.6M as loan losses shrink.
  • Hasbro's Q2 profit rose 11% to $43.6M on lower royalty payments. Revs fell 7%.
  • Honda sees April-June operating profit expanding to Y150B level.
  • Honda plans electric vehicle, plug-in in 2012.
  • IBM Q2 up 9.1%; revenue rises 2% to $23.72B, but falls short of expectations.
  • Idex Corp Q2 profit up 45% on revenue growth; lifts FY view
  • Interactive Data 2Q earnings fell 24%, hit by buyout costs.
  • Lincare Holdings Q2 profit jumped 39% on higher revenue and improved margins.
  • Nexus One smartphone designed by Google will soon be discontinued in the US.
  • Noble Corp.'s Q2 profit declined 44% on lower contract-drilling-services revenue.
  • Nokia Siemens to buy Motorola Wireless unit for $1.2B.
  • PetMed Express misses by $0.06, posts Q1 EPS of $0.32. Revs fell 3.6% to $74.4M.
  • SAIC Motor sees 1H net profit up 300% YoY.
  • Texas Instruments' Q2 profit nearly tripled to $769M on a 42% jump in revs.
  • UnitedHealth 2Q net income climbs 31 percent Tto $1.23B, insurer raises outlook.
  • Weatherford revenue jumps 22% to $2.44B, strong performance in U.S. market.
  • Whirlpool lifts outlook as earnings jumped to $205M.

 

Source: ZeroHedge


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