News for February 7th 2011



Also, check out the weekend news re. Sugar shortage etc.

Euro Buys Merkel Time as Bund-Treasury Spread Widens

Sara Lee Disarray Costs Shareholders About $1 Billion (SLE)

Fed Spends 40% on Benchmark Treasuries as Newest Proves Cheapest

Investors' $102 Billion Metals Wager Shows Bull Market Intact

BHP, Rio Will Reap Record Profits as Costs Pummel ArcelorMittal

S&P 500 Beating Estimates for Sales by Most Since 2006

Gross Says Focus on Headline Inflation Data to Monitor Prices

Drop in Jobless Rate May Not Deter Fed From Carrying Out Stimulus Program

'Toxic' Assets Still Lurking at Banks

China Moves to Strengthen Grip Over Supply of Rare-Earth Metals (AVL/MCP/REE/SHZ)

Some ETFs Boom by Getting Physical

No Rush to Hire Even as Profits Soar

Major Gas Field Found off Mozambique (APC)

Today's Upgrades and Downgrades

Frontier, Valero, Tesoro Raised to Buy at BofA-Merrill (FTO/VLO/TSO)

Hasbro reported Q4 EPS of $0.99, $0.04 better. Revenue for the quarter came in at $1.28B versus the consensus estimate of $1.31B (HAS)

Humana reported Q4 EPS of $0.63, $0.18 worse. Increases FY11 EPS view from $5.45 – $5.65 to $5.70-$5.90, versus the consensus of $6.02 (HUM)

Sysco Q2 adj-EPS of 42c, misses by 5c, sales $9.38B, vs. cons. $9.47B (SYY)

The CMA Sovereign Risk Monitor (CDS Values):

Posted in Breaking News