Morning Market Briefing

Morning Market Briefing Monday, October 17, 2011, 09:01 Contents Economic News Earnings News Corporate News Todays WS Events Economic News G-20 Urges Europe To Fix Debt Crisis At Oct. 23 EU Summit Policy makers from the G-20 group of nations Saturday urged Europe to soon resolve their debt crisis that is hurting the global economy. (Oct 17, 2011) Full Article UK House Prices Rise Most Since February Led By South: Rightmove New sellers' asking prices for U.K. houses increased at the fastest pace in eight months in October, while the gulf in prices between the affluent southern regions and the north widened to an all-time high in the survey history, latest figures from Rightmove showed Monday. (Oct 17, 2011) Full Article Singapore Sept. Non-Oil Exports Slump Unexpectedly Singapore's non-oil domestic exports (NODX) fell unexpectedly in September, as global demand for its electronic products weakened considerably, data from the International Enterprises Singapore (IES) showed Monday. (Oct 17, 2011) Full Article Earnings News Philips Q3 Profit Plummets; Sees Loss of 4500 Jobs From Cost Reduction Plan Royal Philips Electronics NV (PHG, PHGFF.PK) Monday reported a sharp decline in third-quarter profit as a result primarily of negative currency impact and also a one-time gain in the prior year. The company also said its plan to save 800 million euros of costs may see the loss of 4500 jobs. (Oct 17, 2011) Full Article Halliburton Q3 Profit Climbs Halliburton Co. (HAL, HAL.TO) said Monday third-quarter profit increased year-over-year thanks to "strong" growth in the western hemisphere. (Oct 17, 2011) Full Article Citigroup Q3 Profit Soars Citigroup Inc. (C) posted Monday a surge in third-quarter profit on the back of a 43 percent decline in total cost of credit. (Oct 17, 2011) Full Article Wells Fargo Q3 Profit Jumps Wells Fargo & Co. (WFC) Monday announced a higher third-quarter profit due to growth in assets as well as improved credit quality and lower expenses. Earnings were on par with the Street view, but revenues fell short. (Oct 17, 2011) Full Article Charles Schwab Q3 Profit Zooms The Charles Schwab Corp. (SCHW) Monday reported a sharp rise in third-quarter profit reflecting higher revenues and also the impact of hefty one-time charges on the prior-year result. The results, however, missed analysts' estimates. (Oct 17, 2011) Full Article Corporate News Anadarko, BP Ink $4 bln Settlement on Deepwater Horizon Claims Anadarko Petroleum Corp. (APC) announced Monday agreeing to pay $4.0 billion to BP plc (BP, BP.L) as a settlement for all claims related to the Deepwater Horizon event. The two companies are also expected to "mutually release" the claims filed against either. (Oct 17, 2011) Full Article Statoil Inks $36.5/shr Acquisition of Bingham Exploration Norway-based Statoil ASA (STL.OL, STO) Monday jointly announced with Bingham Exploration Co. (BEXP) agreeing to acquire Bingham Exploration, via a cash tender offer, for $36.50 per share. The transaction may close late in 2011 or early in 2012. (Oct 17, 2011) Full Article AmeriGas Partners Agrees to Acquire Propane Ops From Energy Transfer Partners AmeriGas Partners LP's (APU) general partner AmeriGas Propane Inc. Monday said AmeriGas Partners agreed to acquire Energy Transfer Partners LP's (ETP) propane operations for approximately $2.9 billion in a cash and stock deal that also sees AmeriGras Partners assume $71 million of debt. The transaction may close in late 2011 or early 2012. (Oct 17, 2011) Full Article Lowe's Closing "Underperforming" Stores; Slashing 1950 Jobs Lowe's Companies Inc. (LOW) reported Monday the closing of 10 stores at close of business on October 16, 2011, with another 10 stores to be closed in approximately one month. The company added that the closings will see a workforce reduction of 1950 employees, and have a financial impact of $0.17 to $0.20 per share. (Oct 17, 2011) Full Article Todays WS Events Citigroup Q3 11 Earnings Conference Call At 11:00 AM ET Citigroup Inc. (C) will host a conference call at 11:00 AM ET on October 17, 2011, to discuss its Q3 11 earnings result. To access the live webcast, log on at www.citigroup.com/citi/fin To access the live webcast, log on at (866) 516-9582 (US/Canada) or (973) 409-9210 (International) using Conference ID is 98571323. A replay of the call by dialing (855) 859-2056 (US/ Canada) or (404) 537-3406 (International) using Conference code is 98571323. (Oct 17, 2011) First Horizon National Q3 11 Earnings Conference Call At 9:00 AM ET First Horizon National Corp. (FHN) will host a conference call at 9:00 AM ET on October 17, 2011, to discuss Q3 11 earnings results. To access the live audio webcast, log on to www.fhnc.com To listen to the call, dial 877-303-6618 (US) or 224-357-2205 (International) with conference id 13901680. For a replay call, dial 855-859-2056 or 404-537-3406. with passcode 13901680 (Oct 17, 2011) Gannett Q3 11 Earnings Conference Call At 10:00 AM ET Gannett Co. Inc. (GCI) will host a conference call at 10:00 AM ET on October 17, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.gannett.com To hear the live call, dial 1-877-879-6209 (US) or 719-325-4774 (International) with passcode 1996764. A replay of the call can be heard by dialing 1-888-203-1112 (US) or 719-457-0820 (International) with passcode 1996764. (Oct 17, 2011) Halliburton Q3 11 Earnings Conference Call At 9:00 AM ET Halliburton Company (HAL) will host a conference call at 9:00 AM ET on october 17, 2011, to discuss its Q3 11 earnings result. To access the live webcast, log on at www.halliburton.com To participate in the call, dial (703) 639-1106. A replay of the call by dialing (888) 266-2081 using passcode 1542785. (Oct 17, 2011) Hasbro Q3 11 Earnings Conference Call At 8:30 AM ET Hasbro Inc. (HAS) will host a conference call at 8:30 AM ET on October 17, 2011, to discuss Q3 11 earnings results. To access the webcast, log on to http://investor.hasbro.com (Oct 17, 2011) Wells Fargo Q3 11 Earnings Conference Call At 9:30 AM ET Wells Fargo & Company (WFC) will host a conference call at 9:30 AM ET on October 17, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to wellsfargo.com/invest_relations/earnings To listen to the call, dial 866-872-5161 (US) or 706-643-1962 (International). For a replay call, dial 800-642-1687 (US) or 706-645-9291 (International) with Conference ID #95565644. (Oct 17, 2011) Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service