Thursday, February 10, 2011

Quick Overview

  • Growth in Macau and a bounce in Las Vegas helped Wynn Resorts push its bottom line back into the black in Q4.

  • Kraft Q4 income fell 24% YoY.

  • The U.S. government ran a budget deficit of $50 billion in January.

  • EBay expects the revenue from PayPal to double in the next two years.


  • Bank of England keeps interest rate unchanged at record-low 0.5 %.

  • Japan's wholesale prices rose 1.6% YoY Jan.


  • (FT) Some of the rules on newly policed swaps markets will be introduced after the July deadline, says the head of the CFTC, the main derivatives regulator.

  • Sovereign debt fears returned to the Eurozone -- ECB is forced to buy Portuguese bonds.

  • (FT) Michael Bloomberg, mayor of New York, has thrown his weight behind the proposed merger of Deutsche Börse and NYSE Euronext, calling the deal "very good for New York". (The CME is worried)(Ice broke out)

  • (Spiegel) The Swiss vote in a referendum this Sunday on a measure to collect military-issue weapons. The aim is to store guns in public arsenals, rather than at home -- and cut down on domestic violence But it could end a tradition of gun ownership associated with Swiss independence and the legend of William Tell.

  • Korea kept the seven-day repurchase rate at 2.75%

  • (Bloomberg) -- Nokia Oyj, the world’s biggest maker of mobile phones, said it’s forming a software partnership with Microsoft Corp., a bet that together the two companies can better challenge Google Inc. and Apple Inc.

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