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US EQUITIES OPENING HEADLINES INCLUDING: Applied Materials announces plan to cut 900-1,300 positionsOctober 04 2012, 1:44pm
US Initial Jobless Claims (Sep 29) W/W 367K vs. 370K (Prev. 359K, Rev. 363K)
US Continuing Claims (Sep 22) W/W 3281K vs. Exp. 3275K (Prev. 3271K, Rev. 3281K)
US Challenger Job Cuts (Sep) Y/Y 33.816K vs. Prev. 32.2K
- Government biggest factor in layoffs slowdown in 2012.
- Largest hiring intentions from target.
FTSE (+0.16%), CAC (+0.36%), DAX (+0.13%), SMI (+0.21%), IBEX (+0.26%), EURO STOXX (+0.27%) prices taken at 1337BST
AT&T – Co. to sell Nokia device running on Windows Phone 8. (Newswires)
Marriott – Co. reports Q3 EPS 0.44 vs. Exp. USD 0.40, Q3 revenue USD 2.7bln vs. Exp. USD 2.65bln. (Newswires)
Target - September SSS +2.1% vs. Exp. +2.0%. (Newswires)
Macy's - September SSS +2.5% vs. Exp. +3.3%. (Newswires)
TJX - September SSS +6% vs. Exp. 6.2%. (Newswires)
Gap - September SSS +6% vs. Exp. 5.3%. (Newswires)
Limited – Co. reports September SSS +5% vs. Exp. +4%, September net sales USD 773.6mln. (Newswires)
Costco – Co. reports September SSS +6%, sales USD 9.31vs. Prev. USD 8.61bln. Co. Q4 SSS +6% and sales USD 31.52bln vs. Prev. USD 27.59bln. (Newswires)
Walgreen - Barron's writes that co. shares have gotten 'too cheap to ignore'. (Barron’s)
Applied Materials – Co. announces plan to cut 900-1,300 positions. (Newswires)
Morgan Stanley - Co is in talks to sell as much as a majority stake in its commodity unit to the Qatar Investment Authority according to sources. (FT - More)
Pfizer – Co. says Prevenar 13 trial data support EU regulatory filing. (Newswires)
Sprint - T-Mobile, MetroPCS deal increases pressure on Sprint. (NY Times)
Viacom – Co. forms strategic partnership with zeebox. (Newswires)
Avery Dennison - 3M Company terminates agreement for purchase of co. unit. (Newswires)
Apple - iPad mini may be facing low yield rates for chassis. (DigiTimes) Also, NY Post writes that the new iPad mini could put pressure on margin. (NY Post)
Google – Co. sees USD 340mln in Motorola restructuring charges in Q3. (Newswires)
AMD – Co. upgraded to neutral from sell at MKM Partners.
eBay – Co. upgraded to buy from neutral at Nomura.
Hewlett-Packard – Co. price target lowered to USD 15 from USD 20.50 at CLSA.
UPS – Co. downgraded to sector perform from outperform at RBC Capital.
Time Warner – Co. downgraded to hold from buy at Argus.
Facebook – Co. reaches one billion monthly active users, 600mln mobile users. (CNBC)
Fred's – Co. September comp. sales -3.8% vs. Exp. -1.6%, also reaffirms forecast. (Newswires)
Dynegy - Icahn reports 14.69% stake in Dynegy. (Newswires)
USD Index down 0.3% at 1337BST (0737CDT)
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