Published on greenfaucet (http://www.greenfaucet.com)
Daily Highlights: 7.2.09
By Tyler Durden
Created 2009/07/02 - 8:29am

  • Private-sector jobs in the U.S. fell 473,000 in June, according to ADP.
  • n Credit Card Companies raising interest rates and fees 7 months before the new
  • law comes into effect.
  • AIG sold the foreign-exchange prime brokerage platform of its Financial Products unit to BNP Paribas SA.
  • AIG stock delisting notice is a mistake says NYSE.
  • Ball Corp. will pay $577M to buy four plants from Anheuser-Busch InBev.
  • Beazer Homes to pay up to $53M to settle mortgage related claims.
  • Chrysler June sales down 42% to 68,297 units.
  • Constellation Brands' Q1 net drops 85% to $6.5M; maintains Y09 EPS outlook.
  • Ford's June sales fell 11% - the smallest drop by a major auto maker in more than a year. To increase Q3 production to 485,000 vehicles.
  • GM to hold 'garage sale' for hazardous plants, golf course, parking lots.
  • GMAC converted to a corporation from a limited liability company.
  • General Mills' Q4 profit rises 94% to $358.8M; revs up 5% at $3.65B. Ups FY09 EPS view to $4.20-4.25 vs. cons est. $4.15.
  • Hitachi and LG settle US patent disputes over plasma televisions, computer servers servers, and car radio and navigation systems.
  • Hitachi will supply lithium-ion batteries to GM.
  • Illumina Inc. sees Q2 rev at $161M vs. prev view of $168-173M.
  • Lear Corp to file for voluntary bankruptcy.
  • Nomura to buy Citigroup's Japanese trust banking unit for $197.3M.
  • SABMiller plans to place a 10% interest in its S. African business for $778.2M.
  • SEC approved a proposal that takes power away from stock brokers in deciding who sits on corporate boards.
  • Standard Chartered will move more than 400 employees at its global markets team in HK to Two International Finance Centre.
  • Zurich to expand U.S. residential coverage by selling policies to customers it added with the purchase of AIG.

Economic Calendar: Data on Hourly Earnings, Initial Claims, Nonfarm Payrolls to be
released today.

Recent Egan-Jones [1]Rating Actions:
LEAR CORP (NYSE: LEA [2])
BALL CORP (NYSE: BLL [3])
GANNETT CO INC (NYSE: GCI [4])
MERCK & CO INC/NJ (NYSE: MRK [5])
LOUISIANA-PACIFIC CORP (NYSE: LPX [6])
FIRST HORIZON NATIONAL CORP (NYSE: FHN [7])
HERSHEY CO/THE (NYSE: HSY [8])
ARCHER-DANIELS-MIDLAND CO (NYSE: ADM [9])
KING PHARMACEUTICALS INC (NYSE: KG [10])
HOSPIRA INC (NYSE: HSP [11])
H&R BLOCK INC (NYSE: HRB [12])
ASHLAND INC (NYSE: ASH [13])
TRW AUTOMOTIVE HOLDINGS CORP (NYSE: TRW [14])

Data provided by: Egan-Jones Ratings And Analytics [15]


Source URL: http://www.greenfaucet.com/the-market/daily-highlights-7-2-09/41372

Links:
[1] http://www.egan-jones.com/93
[2] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=LEA
[3] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=BLL
[4] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=GCI
[5] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=MRK
[6] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=LPX
[7] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=FHN
[8] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=HSY
[9] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=ADM
[10] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=KG
[11] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=HSP
[12] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=HRB
[13] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=ASH
[14] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=TRW
[15] http://www.egan-jones.com/93