Tuesday, September 14, 2010

Quick Overview

  • Disappointing results from the early corn harvest in Illinois are not likely to improve as farmers continue gathering the crop. That's the word from Emerson Nafziger, extension agronomist at the University of Illinois at Urbana-Champaign.

  • Continued dry conditions in Brazil  lifted sugar to fresh 6 1/2-month high, with the lack of moisture a concern for the sugar market.

  • (Bloomberg) -- Stocks rose for a fifth day, the longest streak for the Standard & Poor’s 500 Index since July, while gold surged to a record and Treasuries gained on speculation the Federal Reserve will purchase as much as $1 trillion in bonds to bolster the economy.

  • Yum Brands (YUM) will raise its quarterly dividend 19%.

  • Cisco Systems (CSCO) announced it will initiate a dividend in its fiscal 2011, with yields of 1% to 2%.

  • UBS predicts a 25 basis point rise in Swiss interest rates.

  • U.S. businesses inventories rose 1.0% in July, The inventory-to-sales ratio, remained at 1.26.

  • Give the wealthiest Americans a tax cut and history suggests they will save the money rather than spend it. ...Moody’s says.

  • U.S. Retail sales rose 0.4% excluding autos. Core retail sales, which strip out autos, gasoline and building materials, rose 0.6% in August.

  • YoY industrial production in the Eurozone rose 7.1 %.

  • Indian inflation continued to slow to 8.51 percent in August from 9.78 percent in July.

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