| More GM-Magna Fallout: What Russia Will Have to Learn Craig Pirrong submits: Vladimir Putin is whining, predictably, about the GM board’s decision to terminate the sale of Opel:"We will have to take into account this style of dealing with partners in the future, though this scornful approach toward partners mainly affects the Europeans, not us,” Putin told a cabinet meeting in Moscow. [nL5471607]Complete Story » seekingalpha.com |
Mortgage Debt Is Still the Main Show Economic Disconnect submits: Friday was another wild day out there!That had to be the first 3 day losing streak for the new bull market in some time. I will have more to say about this below, but it was almost surreal to see indices move down after almost a year of vertical moonshot.Complete Story » seekingalpha.com |
Increased Volume Boosts Union Pacific Zacks.com submits: Union Pacific Corp.’s (UNP) first-quarter earnings of $1.01 per share were ahead of the Zacks Consensus Estimate of 95 cents. This also compares favorably with earnings of 72 cents in the prior-year quarter.The results for the reported quarter primarily benefited from increased operating revenues due to growth in business volumes. Stable Customer Satisfaction Index, core pricing gains and strong cash from operations were also among the positives. However, higher operating expenses, primarily as a result of increased fuel costs and depreciation, were the downside.Complete Story » seekingalpha.com |
How a Yuan Hike Could Tank the BDI and Give Commodities a Shock The Business Insider submits: Last week we noted how China was preparing to remove a key form of support for its steel industry, by removing an export rebate.Without this rebate, smaller, higher-cost Chinese steelmakers will be less competitive on the global market for steel.Complete Story » seekingalpha.com |
Earnings Preview: Harley-Davidson theflyonthewall.com submits: Harley-Davidson (HOG) is expected to report Q3 earnings before the market open on Tuesday, October 19 with a conference call scheduled for 9 am ET. GuidanceAnalysts are looking for a profit of 36c on revenue of $1.1B. The consensus range is 23c-46c for EPS, and revenue of $1.03B-$1.14B, according to First Call. UBS said Harley-Davidson's U.S. retail sales likely declined in September, but not as much as industry declines. The firm expects Q3 sales to be down 10% but does not expect a change in the company's 2010 production guidance. Complete Story » seekingalpha.com |