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WEDNESDAY SEPTEMBER 10 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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MBA Purchase Applications
 [Bullet] 7:00 ET 
EIA Petroleum Status Report
 [Bullet] 10:35 ET
 
10:35 Crude Inventories: -1898K prior

TOP FINANCIAL NEWS

S&P 500 plunges in worst day this year

BUSINESS NEWS
After Hours Summary
 LEH +3.7% (LEH to report expected Q3 earnings tomorrow morning; Citi says still trading with LEH; MS says firm "continues to trade as usual with LEH - Reuters)
Companies trading higher in after hours in reaction to earnings
 AVAV +7.4%... 
Companies trading lower in after hours in reaction to earnings
 P AY -5.3%...
Companies trading higher in after hours in reaction to news
: HIMX +7.3% (raises guidance); TXN +5.4% (narrows Q3 EPS; sees revs in-line); FDX +4.7% (raises Q1 EPS above consensus; reaffirms FY09 EPS in-line); LEH +3.7% (Citi says still trading with Lehman; Morgan Stanley spokesman says firm "continues to trade as usual with Lehman Brothers" -- Reuters; to report expected Q3 earnings Wednesday 7:30AM ET; call at 8:00AM - DJ); MER +1.5% (discloses that Gary Carlin has been appointed Chief Accounting Officer)... 
Companies trading lower in reaction to news
 GFIG -17.0% (announces termination of talks with Tullett Prebon); WM -5.5% (ratings affirmed; outlook revised to negative from stable at S&P); XEL -4.0% (announces that it has priced 15 mln shares at $20.86); PNC -3.9% (announces net effects of BLK, FNM and FHLMC holdings); BRKL -1.5% (discloses Fannie Mae holdings); SOV -1.5% (Moody's affirms ratings of Sovereign Bancorp (Sr at Baa1)); KIM -1.2% (prices offering of ten million shares of common stock AT $37.10); HUM -1.0% (discloses that it will lose 308k members because its pricing for medical drug benefits are above benchmarks).

Earnings
Before: STEI
After:  GCOM, SHE, GROW

Events

COV Analyst Meeting

PBI Investor Update Meeting

ACOR, CPHD, ARRY, AMAG, MDAS, CLRT at Robert W. Baird & Co. Small Cap Healthcare Conf.

ADCT, INTU, OPXT, HLIT, TXN, NETL, PWAV at Jefferies & Co. 2nd Annual Technology Conf.

AKAM, CTXS, DRIV, RNOW, ADCT at Deutsche Bank Securities Technology Conf.

AKNS, AMSC, CLNE, VRNM, ABAT at Cowen and Company 2nd Annual Clean Energy Conf.

APEI, SKIL, CAST, CPLA, COCO, LRN at BMO Capital Markets Back to School Education Conf.

AVAV, BDC, DCO, DMND, DXPE, FWRD at BB&T Capital Markets 1-on-1 Conf.

CCK, CRS at Keybanc Basic Materials & Packaging Conf.

EGLE, SSW, PRGN at Dahlman Rose & Co. LLC 1st Annual Global Transportation Conf.

ERTS, SNI, MVL, CVC at Merrill Lynch Media Fall Preview

FCX, NEM, GG, ABX, AU, GFI at Denver Gold Forum

GD, GR, BA, ROK, LMT, GE, HON at Morgan Stanley Global Industrials CEO's Unplugged Conf.

MMSI at Credit Suisse Group HOLT UFO Conf.

SLM, TRV, AHL, DUF, WFC, AF, BAC at Lehman Brothers Global Finance Services Conf.

 

 

 

 

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Monday  Sep  8 
 
 

 
 

 
 
 
 

 
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 

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 [Bullet] 8:55 ET 

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 [Bullet] 10:00 ET 

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 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
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[Consensus]
 [Star] 8:30 ET 

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[Consensus]
 [Star] 8:30 ET 

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[Report]
 [Bullet] 10:00 ET 

Consumer Sentiment (p)
[Report]
 [Bullet] 10:00 ET 

 
Equity Settlement
09 -11 -2008
Equity Settlement
09 -12 -2008
Equity Settlement
09 -15 -2008
Equity Settlement
09 -16 -2008
Equity Settlement
09 -17 -2008

 

 

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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Top Ten Online Business Newspapers

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     2. USA Today (money)
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     5The Boston Globe (business)
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