News for December 15th 2010

BofA, investors in mortgage settlement talks: report

BP Sued by Obama Administration Over Worst Oil Spill

Rare-Earth Mines Should Be Reopened, U.S. Says

Baidu $BIDU Can’t Keep Up Its Parabolic Growth Rate in 2011

Spain Aa1 Rating Put on Review by Moody’s on Eve of Bond Sale

Germany Stiffens Opposition to Bigger Bailout in Crisis Face-Off With ECB

Sweden Raises Rate to 1.25%, Repeats Tightening Plans

China Consumers Signal Deepest Inflation Concern Since 1999 in PBOC Survey

Global resources spending soars

U.K. Unemployment Rises

GM’s Drive: Getting Out of Debt

Airgas Judge: See You Next Year

U.S. at risk of rare earths supply disruptions

BofA sees S&P 500 at 1,400 by end 2011

US will lose AAA credit rating, says M&G’s Jim Leaviss

Report: Verizon expected to eat up AT&T iPhone sales, add 14%

Joy Global $JOYG beats Q4 EPS by 23c. Sees FY11 EPS of $5-$5.30, versus the consensus of $4.79 (via Street Insider)

Dynegy $DYN to be bought by Icahn Enterprises $IEP for $5.50/share

Goldman Sachs upgraded T. Rowe Price $TROW from Neutral to Conviction Buy list and raised their price target from $55 to $80

Cypress Biosciences $CYPB agrees to be acquired by Ramius for $6.50/share in cash

DryShips $DRYS Prices Ocean Rig UDW Offering at $17.50/Share for Gross Proceeds of $500M

Nov. CPI: 0.1%, vs. Cons. 0.2%, Ex-Food & Energy: 0.1%, Inline; Up 1.1% YoY

Dec. Empire Manufacturing Index: 10.57, vs. Consensus 5

Posted in General Trading