News for December 16th 2010

Visa, MasterCard Decline as Federal Reserve Moves to Lower Debit-Card Fees

EU leaders agree to create permanent crisis fund

BNP Paribas, Merrill Lynch, Credit Suisse, JP Morgan 2011 Outlook

EU Faces `Gridlock’ on Debt Crisis, Sees Deal on Post-2013 Tool

BP Falls Most in Four Months After U.S. Files Oil Spill Lawsuit (BP)

Germany’s Economic Recovery Will Broaden in 2011, S&P Says

Spanish Borrowing Costs Climb as Government Sells 2.4 Billion Euros Bonds

Europe Services, Manufacturing Growth Slows More Than Forecast

Phone Makers Shift Focus (AAPL/NOK/RIMM)

S&P Upgrades China’s Credit Rating

Switzerland Leaves Rates on Hold

France’s Wealth Fund Offers to Buy Areva’s STMicro Stake (STM)

SEC tackles Congo conflict minerals disclosure

Pier 1 profit beats analysts’ estimates (PIR)

Ebert on Tron Legacy—Plot Is “A Catastrophe”

Goldman Sachs downgrades Rackspace to Neutral (RAX)

BankAtlantic Bancorp comments On yesterday’s takeover speculation, says “Open to Opportunities” (BBX) (via Street Insider)

Regis Concludes Strategic Review Without a Sale (RGS)

FedEx Q2 adj-EPS of $1.16, misses by 15c, sales of $9.63B, vs cons. $9.71B; raises FY11 EPS from $4.80-$5.25 to $5-$5.30, vs. cons. $5.21 (FDX)

General Mills Q2 adj-EPS of 76c, misses by 2c, on sales of $4.07B, vs. cons. $4.11B; reaffirms outlook (GIS)

Citigroup initiating coverage on CMG with Hold/PT of $260, DRI with Buy/PT of $60 and SBUX with Buy/PT of $40

Posted in General Trading