Daily Highlights: 7.27.09

By @ibtimes on

  • Administration looking for Chinese help to narrow trade gap and boost US jobs.
  • Advertisers are getting cheaper rates than a year ago on television commercials.
  • Aetna 2Q profit dropped to $346.6M due to greater commercial expenses and cuts full year forecast.
  • Asian markets were higher Monday on hopes for further earnings recovery, Nikkei hits 10,000 mark.
  • China's new small-company stock exchange gets 108 IPO applicants on 1st day as launch nears.
  • China shares up for 4th day on high liquidity-driven sentiment, led by metals and airlines.
  • Euro rises to $1.4263 in European morning trade as investors continue to leave dollar.
  • EU says Iceland's entry talks will likely be simpler, shorter than others.
  • German consumer confidence rises amid lower prices and stable job market.
  • Oil rises above $68 in Asia as economic recovery hopes fuel 3-week rally.
  • US Economy probably shrank at slower pace, signaling recession abated.
  • US stock futures point to higher open ahead of earnings, new home sales update.
  • Aetna Inc. puts its pharmacy-benefit management business on the block.
  • ArcelorMittal exploring a JV spin off of its stainless steel business, est. $3B.
  • Citigroup trader is pressing it to honor a 2009 pay package that could total $100M.
  • Corning's June net income declines from $3.2B to $611M.
  • De Beers qtrly net drops 99%; but sees sales of uncut diamonds improving.
  • Eastman Chem beats by $0.15, posts Q2 EPS of $0.86. Revs fell 31.7% to $1.25B.
  • Ericsson to buy Nortel's North American Wireless unit for $1.13B.
  • Fortune Brands' net falls 27% on continued weakness in home-products segment.
  • Honeywell's June net income declines from $723M to $450M.
  • Julius Baer profit falls 47% to $204.3 million as managed assets slump.
  • MSFT bows to pressure, gives European users of Windows choice of Web browsers.
  • Pearson raises earnings guidance for 2009, shares rise 9 percent to top FTSE.
  • RadioShack 2nd-quarter profit rises to $48.8 million as company trims expenses.
  • Verizon added 1.1M customers in Q2 vs. 1.4M added by AT&T in the same period.
  • Virgin Blue of Australia airline reports losses, launches capital raising of $189M.
  • Volkswagen plans to raise up to $5.7B via rights issue to fund purchase of Porsche.

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