- Consumer prices fell 1.3% from a year earlier, the largest drop since 1950.
- AutoZone Board authorized repurchase of an addln $500M of co's common stock.
- BB&T Corp announces it pays Treasury more than $3.1B to exit TARP.
- Eddie Bauer Hldgs files for Chapter 11, to be acquired by CCMP for $202M.
- E*Trade to $400M in stock as it looks to exchange more than $1B of existing notes and raise excess capital.
- Fedex CEO: "the worst of the recession is behind us".
- FedEx's loss widened to $876M on $1.2B of write-downs. Revs down 20% to $7.85B. Sees current qtr EPS at $0.30-0.45 (cons $0.71).
- Financial firms repay $66.3B in TARP funds. JP Morgan repaid $25B, while Goldman & Morgan Stanley paid back $10B apiece.
- IHS' Q2 net up 37% at $32M, revs rose 14% to $235.3M, organic rev growth at 3%.
- Microsoft said Google's new Apps Sync disables search capabilities of Microsoft's popular Outlook software.
- Medtronic paid the surgeon accused of falsifying study nearly $800,000.
- Quicksilver Resources announces $425M debt offering due 2016.
- Federal jury ruled RJ Reynolds did not infringe Star Scientific's patents claiming a new method of curing tobacco.
- US Bancorp redeems $6.6B of preferred stock from the U.S. Treasury Dept.
- UAL Corp: Q2 traffic expected to fall as much as 10.5%.
- Watson to buy Arrow Group for $1.75B in cash, stock.
Earnings Calendar: ASUR, CCL, DFS, PIR, PRGS, RIMM, ROS, SJM, WBD, WGO.
Companies to watch: Carnival Corporation & Carnival, Discover Fincl Srvcs, Eddie Bauer, Fedex, JM Smucker Co, Pier 1 Imports, RIM, UAL Corp., Winnebago.
Recent Egan-Jones Rating Actions:
PRICELINE.COM INC (PCLN)
REYNOLDS AMERICAN INC (RAI)
RYDER SYSTEM INC (R)
TRANSCANADA CORP (TRP CN)
RYDER SYSTEM INC (R)
TRANSCANADA CORP (TRP CN)
E*TRADE FINANCIAL CORP (ETFC)
WATSON PHARMACEUTICALS INC (WPI)
AMGEN INC (AMGN)
TENNECO INC (TEN)
GAMESTOP CORP (GME)
RYLAND GROUP INC (RYL)
PULTE HOMES INC (PHM)
Data provided by: Egan-Jones Ratings and Analytics
- Sphere: Related Content
Bookmark this post with:
