- Attention is on health care legislation as Congress gets back to work.
- Britain's manufacturing sector contracts at its slowest pace in 12 months in May.
- Oil rises to seven-month high on China manufacturing expansion.
- Oil surges to new high for the year, climbing above $68 a barrel as Asian stock markets up.
- Quarter million jobs could be lost in GM bankruptcy.
- The South Korea won ends at its strongest level in more than seven months.
- World markets gain as China manufacturing growth piques recovery hopes; HK jumps 4%.
- Delphi wins extension of bankruptcy loan, talks with GM, Treasury proceed.
- Chrysler could exit bankruptcy reorganization as soon as this week.
- Chrysler wins court approval to sell assets to Fiat-led group.
- Elan in talks to sell stake to Bristol-Myers.
- Germany’s backing for a Russian- backed bid for GM’s Opel unit promises deeper ties between Moscow and Berlin.
- GM to file bankruptcy; US will take 60 percent ownership and attempt to reorganize carmaker.
- GM's UAW members approve contract amendments that may ease bankruptcy exit.
- Ingersoll sees little sales lift from US Tax credits.
- EU regulators are pursuing tough new sanctions against Microsoft, may force it to add rival browsers to Windows.
- German govt selected Magna Intl as a partner for GM's Opel unit.
- PL Corp. to sell its Long Island generation unit to J-Power for ~$135M + working capital.
- Tiffany's Q1 net down 62% to $24.3M as revs fell 22% to $523.1M.
- Toyota leads a 19 percent drop in the country’s vehicle sales last month.
- Weatherford agrees to Acquire TNK-BP Oil Field Services.
- Group of banks led by Wells Fargo opposes an offer to acquire Hartmarx Corp. for $119M.
to be released today.
Earnings Calendar: ALTR, AINV, ENS, GAIN, LGF, NAVR, ONAV, TUTR.
Companies to watch: Altera Corp, Delphi, Elan, Enersys, Lions Gate Ent, Navarre, Tiffany & Co.
Recent Egan Jones Rating Actions:
TIME WARNER INC (TWX)
CENVEO INC (CVO)
MAGNA INTERNATIONAL INC (MG/A CN)
SCHOLASTIC CORP (SCHL)
RH DONNELLEY CORP (RHDC)
RR DONNELLEY & SONS CO (RRD)
COSTCO WHOLESALE CORP (COST)
VISTEON CORP (VSTN)
AUTOZONE INC (AZO)
ARVINMERITOR INC (ARM)
ALLEGHENY TECHNOLOGIES INC (ATI)
KEYCORP (KEY)
STAPLES INC (SPLS)
Data provided by Egan Jones Sphere: Related Content
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