Viernes 10/22/10 Reportan Verizon, Honeywell,

[admin]

Eventos economicos

Viernes

No hay indicadores economicos.

El unico indicador economico que importa estos dias es el dolar. En el mes ha bajado un poco mas del 2% pero en los ultimos dias se esta fortaleciendo causando una serie de estragos en los commodities y el stock market.

[admin]

On Deck Friday: Verizon, Honeywell, KeyCorp Earnings.

By Matt Phillips
Zilch in terms of economic data on the docket Friday
And the main earnings on the tape will be:

Honeywell
KeyCorp
Schlumberger
Verizon

[admin]

Yields up 2.55%

Oil up 80.88, Au up 1,326, futures cu 3.7695

Euro down 1.3915

Los futures del Dow Jones 2 puntos a la baja.

[admin]

Reportan antes de la apertura:

BEFORE THE OPEN
Company Actual Estimate Year Ago
Earnings Yr/Yr Rev
Air Tran Holdings AAI -- 0.17 0.08 --
Amcol ACO -- 0.51 0.48 --
Dover DOV -- 0.9 0.58 --
Exelon EXC -- 1.1 0.96 --
Honeywell HON -- 0.62 0.76 --
IDEXX Labs IDXX -- 0.55 0.52 --
Ingersoll-Rand IR -- 0.79 0.70 --
KeyCorp KEY -- 0.03 -0.50 --
LM Ericsson ERIC -- 0.16 0.25 --
MB Financial MBFI -- 0 0.12 --
Metals USA MUSA -- 0.18 -- --
Penske Auto PAG -- 0.33 0.34 --
Popular Inc BPOP -- -0.02 1.40 --
Prosperity Bancshares PRSP -- 0.69 0.63 --
Schlumberger SLB -- 0.7 0.65 --
Snap-On SNA -- 0.68 0.44 --
Stoneridge SRI -- 0.11 -0.04 --
T. Rowe Price TROW -- 0.6 0.50 --
Ultratech UTEK -- 0.2 0.04 --
Verizon VZ -- 0.54 0.60admin

[admin]

NPR despidio a Juan Williams, un comentarista democrata de Fox News (uno de los suyos) por decir en el aire que el se preocupaba y se sentia nervioso cuando veia a musulmanes en un avion. (el no es el unico todos los Americanos se sienten preocupados cuando hay musulmanes en un avion y con razon)

El colmo de los colmos.

NPR ha recibido $1.8 millones de Soros para poder mantenerse. Esa radio es mantenida por los impuestos que pagamos. Nadie escucha eso excepto los extremistas de izquierda.

[admin]

BCRX, la numero cinco entre las companias de mayor crecimiento en North America.

BioCryst Ranked Number Five in Deloitte's 2010 Technology Fast 500(TM) Program for Fastest Growing Companies in North AmericaFont size: A | A | A8:05 AM ET 10/20/10 | BusinessWire
BioCryst Pharmaceuticals (NASDAQ:BCRX) today announced that it has been named number five on Deloitte's 2010 Technology Fast 500(TM), a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2005-2009.

"We are pleased to be included for the third consecutive year in Deloitte's Technology Fast 500(TM) program in North America," said Jon P. Stonehouse, President & Chief Executive Officer of BioCryst. "This achievement signifies the hard work and dedication of BioCryst employees as well as the Company's continued focus on building an enduring and successful biopharmaceutical company."

To qualify for the Deloitte Technology Fast 500(TM), companies must have had operating revenues of at least $50,000 in 2005 and $5 million in 2009, be headquartered in North America and be a company that owns proprietary technology or proprietary intellectual property that contributes to a majority of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement.

Overall, Technology Fast 500(TM) award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.

About Deloitte Technology Fast 500(TM)

The Deloitte Technology Fast 500(TM) provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Fast 500 Web site, and public company database research conducted by Deloitte. Technology Fast 500(TM) award winners for 2010 are determined based on percentage fiscal year revenue growth during the five year period from 2005 to 2009. The ranking includes both public and private companies. For more information please visit Deloitte's Web site at www.fast500.com.

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

[admin]

Korea +0.67%, el Nikkei +0.29%, Australia +0.22%

Euro down 1.3889, yen up 81.17

Los futures del Dow Jones 4 puntos al alza.

[admin]

AIG dijo que conseguio $17.8 billones en la oferta inicial (IPO) de su unidad AIA en Hong Kong.

AIG Said to Raise $17.8 Billion in AIA's Record Hong Kong IPO
By Cathy Chan and Bei Hu - Oct 21, 2010 7:57 PM ET

American International Group Inc. raised about HK$138 billion ($17.8 billion) selling shares in its main Asian unit, AIA Group Ltd., in the largest initial public offering in Hong Kong, said three people with knowledge of the matter.

AIG, the bailed-out insurer, sold 5.86 billion existing shares in AIA, or a 49 percent stake, at HK$19.68 apiece, said the people, who declined to be identified before an official statement. AIG also exercised an option to sell 1.17 billion more shares at the same price, the people said.

Investors are buying into what was once called a crown jewel of the world’s largest insurer. AIG Chief Executive Officer Robert Benmosche, 66, has said that the company would be “well within striking distance” of repaying the Federal Reserve after divesting AIA and another non-U.S. unit, American Life Insurance Co.

“Most investors we cover who claim interest articulate strong demographics-based growth arguments and a belief in a potentially attractive valuation,” said Charles Stucke, a senior managing director of Guggenheim Partners LLC. “AIA’s anticipated market capitalization may earn it a spot within regional and global indexes. Speculation about this is said to also be driving interest in the AIA IPO.”

Mark Herr, a spokesman for AIG in New York, declined to comment. AIA’s IPO surpassed the $16 billion Hong Kong IPO by Industrial & Commercial Bank of China Ltd. in 2006, the largest such share sale in the city, according to data compiled by Bloomberg.

AIA’s Value

AIA is valued at $30.6 billion, or about 1.18 times its embedded value of $25.8 billion next year as estimated in a Sept. 24 report by Goldman Sachs Group Inc., one of the banks involved in the IPO.

Ping An Insurance (Group) Co., China’s second-largest insurer, trades at about 2.3 times embedded value and China Life Insurance Co., the nation’s largest, is valued at 2.1 times, according to a Sept. 24 report by Bank of America Corp.’s Merrill Lynch & Co. unit.

Hong Kong’s benchmark Hang Seng Index has risen 8.1 percent this year, compared with the 5.8 percent gain of the Standard & Poor’s 500 Index.

AIA operates in 15 Asian markets with 309,000 agents, 24,500 employees and more than 23 million in-force policies. It forecasts operating profit of at least $2 billion for the year ending November.

The unit had about $1.78 billion in operating profit in 2009, down from $1.87 billion in 2008, according to its IPO prospectus.

Goldman Sachs, Citigroup Inc., Deutsche Bank AG and Morgan Stanley led banks arranging the IPO, according to the prospectus.

To contact the reporters on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net; Hugh Son in New York at hson1@bloomberg.net

[admin]

AIG bajo 0.79% hoy dia y despues del cierre esta 0.39% al alza.

[admin]

Copper October 21,20:59
Bid/Ask 3.7468 - 3.7511
Change +0.0032 +0.08%
Low/High 3.7413 - 3.7558
Charts

Nickel October 21,20:48
Bid/Ask 10.6405 - 10.6854
Change +0.1299 +1.24%
Low/High 10.5106 - 10.6859
Charts

Aluminum October 21,20:59
Bid/Ask 1.0429 - 1.0442
Change +0.0035 +0.34%
Low/High 1.0383 - 1.0442
Charts

Zinc October 21,20:59
Bid/Ask 1.0984 - 1.1086
Change -0.0002 -0.02%
Low/High 1.0959 - 1.1117
Charts

Lead October 21,20:59
Bid/Ask 1.1121 - 1.1148
Change +0.0075 +0.68%
Low/High 1.1016 - 1.1252

[admin]

Los futures del Dow Jones 7 puntos al alza.

[Victor VE]

Fannie, Freddie May Draw $363 Billion, FHFA Says

Fannie Mae and Freddie Mac, the mortgage-finance companies operating under U.S. conservatorship, could draw a total of $363 billion in Treasury Department aid through 2013 if the housing market worsens, the Federal Housing Finance Agency said.

The FHFA, which oversees the government-sponsored entities, offered the estimate today as the worst-case in an analysis modeled on the stress tests conducted on the nation’s biggest banks last year. The actual total cost to taxpayers under the regulator’s most dire scenario would be $259 billion, because almost 30 percent of the funds would come back to Treasury as dividend payments on its holdings of senior preferred stock.

Under the best-case scenario, which assumes a strong near- term recovery in the housing market, the total cost to taxpayers would be $221 billion, or $142 billion after dividends. A middle-ground scenario would require total aid of $238 billion, or $154 billion after dividends. So far the companies have drawn $148 billion and returned $13 billion in dividends to Treasury.

“These projections are intended to give policy makers and the public useful snapshots of potential outcomes for the taxpayer support of Fannie Mae and Freddie Mac,” FHFA Acting Director Edward J. DeMarco said in a statement released with the report. “The results reflect the potential effects of a limited set of hypothetical changes in house prices.”

Brink of Collapse

Regulators took control of Washington-based Fannie Mae and Freddie Mac of McLean, Virginia, in September 2008 after losses stemming from the subprime mortgage crisis pushed them to the brink of collapse. Since then, the two companies have used U.S. aid to buy and guarantee home loans while Washington policy makers weigh an overhaul of the mortgage-finance system.

“The Obama administration has made clear that the current structure of the government’s role in housing finance, while necessary in the short-term to provide critical support to a still-fragile housing market, is simply not acceptable for the long-term,” Jeffrey Goldstein, Treasury’s undersecretary for domestic finance, said in a statement.

Nearly 90 percent of the companies’ losses are behind them, with most attributable to loans made before the government took control, Goldstein said.

Fannie Mae and Freddie Mac funded more than 62 percent of new mortgages in the first half of this year, according to Inside Mortgage Finance, a trade publication in Bethesda, Maryland.

‘Good Grasp’

The FHFA analysis, which relies heavily on housing-price projections, presents an incomplete picture of the risks facing Fannie Mae and Freddie Mac, said Karen Shaw Petrou, managing director at Federal Financial Analytics, a Washington-based research firm.

“The report provides a sense of the GSEs’ likely cost to taxpayers, but nowhere near a definitive picture of it,” Petrou said in an analysis of the report.

The range of the FHFA’s projections “suggests the agency doesn’t have a very good grasp on the GSEs’ losses going forward,” said Guy Cecala, chief executive officer of Inside Mortgage Finance.

The Congressional Budget Office calculated last year that Fannie Mae and Freddie Mac would need $389 billion in federal subsidies through 2019. The White House Office of Management and Budget said in February that aid could total as little as $160 billion if the economy strengthens.

Other estimates are higher. Sean Egan, president of Egan- Jones Ratings Co. in Haverford, Pennsylvania, said a 20 percent loss on the companies’ loans and guarantees could lead to a $1 trillion taxpayer bailout.


Fuente: http://www.bloomberg.com/news/2010-10-2 ... ate1-.html


Un sencillo, provecho!!. Felizmente que somos un pais tercermundista sino estariamos peor que pais de primer mundo.

[admin]

Muy cierto, no dejen nunca que el gobierno del Peru crezca tanto.

[admin]

El Hang Seng 0.19% a la baja, Ausatralia +0.20%, el Shanghai -0.30%, el Nikkei +0.37%

Euro down 1.3905

Los futures del Dow Jones 4 puntos al alza.

[admin]

BAP adquiere participacion de ALICO en Pacifico Seguros

Adquieren 20.1% y 38% de Pacifico Seguros y Pacifico Vida respectivamente.

Credicorp Acquires ALICO Stake in PacificoSeguros

Posted 09:46 PM ET


Featured Stocks
BAP * Credicorp Ltd * Top-Rated Company LIMA, PERU, Oct 21, 2010 (MARKETWIRE via COMTEX) -- Credicorp (BAP) Credicorp, the largest financial conglomerate in Peru, announced today an agreement with American Life Insurance Company (ALICO) -- one of the most important insurance companies in the world -- and with other of it subsidiaries, to acquire their combined 20.1% and 38% stakes in Pacifico Seguros and Pacifico Vida, respectively. Credicorp Ltd. will acquire Pacifico Vida's shares and its subsidiary, Grupo Credito, will acquire PPS's shares.

Consequently, at the settlement of this transaction, Credicorp and its subsidiary Grupo Credito will hold 96% of Pacifico Seguros, and will jointly control 100% of Pacifico Vida. Hence, Pacifico Seguros will consolidate management of its three lines of business: Property and Casualty, Health and Life. The total investment will amount to approximately US$ 170 million, thus becoming the largest transaction ever accomplished in the Peruvian insurance market. In the next days Credicorp will extend the offer to all shareholders.

Pacifico Vida is the leading life insurance company in Peru and the only one with a BBB Investment Grade by Fitch Ratings. This adds up to the investment grade ratings awarded to Pacifico Seguros, reaffirming its financial strength.

This acquisition will therefore facilitate the decision making process within the Credicorp group and the integration of all the insurance business lines. The closer proximity between companies will also allow Pacifico Seguros to improve its value proposition to customers, who seek integral insurance solutions.

Pacifico Vida will maintain its current operations in terms of its business model, infrastructure, management and employees. Pacifico Seguros will thus consolidate over 3,000 top-level professionals who will work in a coordinated manner to achieve synergies in the near future.

This investment is a clear sign of confidence in the country's development and a guarantee of the consolidation of Pacifico's leadership in the Peruvian insurance market.

More detailed information is available on the company's web site: www.credicorpnet.com or see at the bottom of this page the attached document.

About Credicorp Credicorp Ltd. (BAP) is the leading financial services holding company in Peru. It primarily operates via its four principal subsidiaries: Banco de Credito del Peru (BCP), Atlantic Security Holding Corporation (ASHC), El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (PPS) and Grupo Credito (which includes Prima AFP). Credicorp is engaged principally in banking (including commercial and investment banking), insurance (including commercial property, transportation and marine hull, automobile, life, health and underwriting insurance), pension funds (including private pension fund management services), and brokerage and other (including brokerage, trust, custody and securitization services, asset management and proprietary trading and investment). BCP is Credicorp's primary subsidiary.



Investor Relations
Credicorp Ltd.