- Pending US Home Resales rises 6.7% in April - the most since 2001 as lower prices lure buyers.
- New netbook from Acer will use Google Inc.’s Android OS.
- AIG to sell consumer finance ops in Argentina; terms undisclosed.
- Altera backs Q2 rev seq growth of 2-7% as Asia demand stays strong.
- Aetna lowers Y09 EPS f'cast to $3.55-3.70 (prev $3.85-3.95), cites higher-thananticipated medical costs in its commercial plans, lower rev from Medicare.
- Bank of America raises $33B, will 'comfortably' meet capital target.
- Barclays expects $50 billion to pour on hedge funds this year.
- Bob Evans Q4 profit rises 31% to $21.1M despite 1.2% dip in sales, at $431M.
- US Circuit Court accepts appeal of Chrysler's sale to Fiat; appeal could delay Chrysler's exit from bankruptcy.
- Delphi sets plan to emerge from Ch 11, to sell sell most of its ops to Platinum Equity LLC.
- GM and Chrysler will face senate scrutiny on dealers.
- GM plans to sell Hummer to China's Tengzhong, saving more than 3,000 jobs.
- Grupo Mexico offered $2.9B to take US copper unit Asarco out of Chapter 11.
- Hovnanian Entrps Q2 loss narrowed as a $311.3M gain helped offset bigger writedowns and a large drop in revenue.
- Morgan Stanley plans to raise $2.2B in common equity.
- Jos A Bank 1Q rises 17% ($11.5M) on continued sales growth. Net sales up 11% at $161.9M.
- Pepsi Bottling Group raised Q2, Y09 EPS f'casts, cites improving sales.
- Toll Brothers' April operating loss rose from $110M to $131M but cash rose.
- Toyota will start plug-in hybrids in Japan, US and Europe.
- Valero Energy expects Q2 loss of $0.50/swh vs. cons est. of a profit of $0.75/sh; cites extended downtime at two refineries; plans to sell 40M shares.
released today.
Earnings Calendar: ADCT, CPRT, CYBX, GEF, GIII, GMTN, PSS, SAI, TOL, WSM.
Companies to watch: ADC, Collective Brands, Copart, Delphi, GM, Gander Mountain, Greif Brothers, SAIC, Toll Brothers, Valero Energy, Williams-Sonoma.
Recent Egan Jones Rating Actions
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STEINWAY MUSICAL INSTRUMENTS (LVB)
EXPRESS SCRIPTS INC (ESRX)
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MAGNA INTERNATIONAL INC (MGA)
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Data provided by Egan Jones Sphere: Related Content
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