- Manufacturing, Housing may signal economy close to hitting bottom.
- IMF Chief says worst of crisis may be yet to come.
- Obama's regulatory plan to remake Fed's power.
- AIG says it exceeded obligations to Air France passengers.
- Air India will pay 31,000 employees two weeks late as the carrier runs short of cash.
- Airbus CEO: Airbus aircraft deliveries could fall by 25% this year.
- Amazon.com to pay $51M to Toys R Us to settle a long-standing legal dispute.
- Anheuser to sell Central, Eastern Europe units; proceeds (~$2B) to be used to reduce debt.
- Cemex to sell its Australian operations to Holcim Group for approximately A$2.02B.
- Cessna to layoff addln 1,300 jobs as demand for corporate jets dampens.
- China Petroleum & Chemical Corp. hasn’t made a bid for Swiss oil producer Addax Petroleum Corp.
- Goodrich signed service agreements with EADS unit Airbus, British Airways and Scandinavian Airlines System.
- Hartford Fincl to sell up to $750M in stock, affirms to participate in TARP.
- Huntsman squares off against two banks in a Texas court Monday over its scuttled buyout by Hexion.
- Lincoln National to accept US rescue.
- Singapore retail sales suffered their biggest drop since 1999.
- Six Flags sought bankruptcy court protection listing $3.4B in liabilities.
- Textron Inc's Cessna unit said it would cut another 1,300 jobs.
Earnings Calendar: CASY, CPST, CWST, LZB, MPAA, SCLD.
Companies to watch: Amazon.com, Anheuser, Casella Waste Systems, Casey's General Stores, La-Z-Boy, Six Flags, SteelCloud.
Recent Egan-Jones Rating Actions:
REDWOOD TRUST INC (RWT)
SUN MICROSYSTEMS INC (JAVA)
SOUTHWESTERN ENERGY CO (SWN)
REDWOOD TRUST INC (RWT)
DELL INC (DELL)
DEL MONTE FOODS CO (DLM)
RANGE RESOURCES CORP (RRC)
PIONEER NATURAL RESOURCES CO (PXD)
NEWFIELD EXPLORATION CO (NFX)
PETROHAWK ENERGY CORP (HK)
ISLE OF CAPRI CASINOS INC (ISLE)
VULCAN MATERIALS CO (VMC)
EOG RESOURCES INC (EOG)
Data provided by: Egan-Jones Ratings and Analytics Sphere: Related Content
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