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Economics
8:30 Housing Starts: 1150 k cons
8:30 Building Permits: 1140 k cons
8:30 Initial Claims: 322 k prior
10:30 Crude Inventories: -6736 k
Philadelphia Fed Survey
10:00 ET
Philadelphia Fed -20.9 vs -1.5 consensus
TOP FINANCIAL NEWS
Bernanke Likely to Support Stimulus
Google.org to Discuss Five Strategic Initiatives
BUSINESS
NEWS
Dimon May Be Hunting
Shareholders sue to stop Commerce Bancorp deal
Companies moving in after hours trading in reaction to earnings
Trading Up
COSI +1.8%; KMP +1.2%...
Trading Down
WCI up 18.9% (announces completion of amendment to revolving credit
facility and term loan)
Companies trading in after hours on news
Trading Up
WCI +18.9% (announces
completion of amendment to revolving credit facility and term loan);
HMSY +2.5% (will replace MOGN in the S&P SmallCap 600); BEXP
+1.8% (announces 3 Bakken discoveries and acreage growth); SD
+1.5% (increases cap budget to $1.25 bln, raises production guidance to
95 Bcfe); CC +1.3% (names John Harlow EVP and COO); SALM
+1.1% (discontinue printed version of CCM Magazine to focus on expanding
Christian music websites)...
Trading Down
ARO -3.1% (SEC has issued a formal order of
investigation); LCC -2.2% (Chief says fuel costs could wipe out
US airline profits - FT); MGA -1.8% (Cosma International and Shin
Young Metal announce Hyundai Russia award); DRYS -1.4%
(authorizes to increase shares to 1 bln and defer stock split); SPR
-1.1% (assessing impact of 787 schedule shift).
Earnings
Before: APH, BK, BBT, BLK, BGG, CIT, CMA, CBH, CAL, DSL, FHN, HBAN, IIN,
IGT, MMR, MER, NVS, PH, PNC, PPG, AMTD
After: CREL, FNB, IBM, NVEC, PNFP, STX, SWKS, TRMK, PAY, WM, WIT, XLNX,
Events
Deutsche Bank Annual Taiwan Conference
WJB Capital Group, Inc. ADC Telecommunications Conference Call
Bear, Stearns & Co. Inc. Mortgage and Structured Products Conference
Deloitte Touche Tohmatsu Private Equity CFO Roundtable
NYSSA American Gas Association: Outlook for the Natural Gas Industry
Conference
Deutsche Bank Securities Inc. Hedge Fund CTO Summit
IPAA OGIS Master Limited Partnership Conference
Forbes Inc. Optimizing IT for the Enterprise-Chicago Conference


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