Week in Review: March 8-12, 2010
% Change
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Index Close Week YTD
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DJIA 10624.69 0.55%
1.89%
S&P 500 1149.99 0.99% 3.13%
NASDAQ 2367.66 1.78% 4.34%
-Royal Dutch Shell (NYSE:RDS.A) and PetroChina (NYSE: PTR) made a joint offer of $3 billion to acquire Australia-based Arrow Energy, excluding its overseas assets
-Kraft (NYSE: KFT) faces UK probe over misled investors during its takeover of Cadbury
-AIG (NYSE: AIG) reaches an agreement to sell its Allico unit to Metlife (NYSE: MET) for $15.5 billion
-Toyota (NYSE: TM) protests a "staged" ABC News (NYSE: DIS) report
-Northrop Grumman (NYSE: NOC) drops its bid for a multi-billion dollar US Air Force aerial tanker contract, saying the Defense Department favors Boeing (NYSE: BA)
-Abbott Labs (NYSE: ABT) agrees to buy Facet Biotech (NASDAQ: FACT) for $27/share in cash or $450 million
-Federal officials announce they may unload its 27% stake in Citigroup (NYSE: C) over the next year
-Bain Capital in talks to buy Psychiatric Solutions (NASDAQ: PSYS)
-Citigroup's (NYSE: C) Pandit forecasts upbeat future with heavy profits in emerging markets; Apollo Management signs prelim deal to buy Citi's property investment unit for around $12.5 billion
-US Congressional Oversight Panel warns the US faces billions in losses on its GMAC investment because the treasury has no exit strategy
-BP (NYSE: BP) pays $7 billion for a group of Devon Energy's (NYSE: DVN) Brazil assets
-Terra Industries (NYSE: TRA) and CF Industries (NYSE: CF) agree to combine creating an industry leader
The Week Ahead: March 15-20, 2010
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-Earnings Calendar:
-Mon:TheStreet.com (NASDAQ: TSCM)
-Tues: Amback Financial Group (NYSE: ABK), Deutsche Bank (NYSE: DB), Discovery Financial Services (NYSE: DFS)
-Wed: Guess (NYSE: GES), Nike (NYSE: NKE)
-Thurs: Cintas Corporation (NASDAQ: CTAS), FedEx (NYSE: FDX), Gamestop (NYSE: GME), Ross Stores (NASDAQ: ROST)
-Fri:N/A
-Economic Data: Empire State Survey Mar, Industrial Production Feb, Housing Market Index Mar, Housing Starts Feb, Imports and Exports Feb, FOMC announcement, Producer Price Index Feb, Consumer Price Index Feb, Jobless Claims
-FedSpeak: Dallas Fed President Richard Fisher (Wed), Federal Reserve Gov. Elizabeth Duke (Thurs), Federal Reserve Bank presidents of Kansas City, Thomas Hoenig; Richmond, Jeffrey Lacker; and Cleveland, Sandra Pianalto (Thurs)
By Chip Brian, Editor-in-Chief
Ticker Trend Trend Date Trend Price Last Price Return ---------------------------------------------------------------------------- MET Uptrend 01/08/2010 $37.86 $42.11 11.23% NOC Uptrend 02/24/2010 $58.63 $64.00 9.16% BA Uptrend 11/23/2009 $52.66 $69.83 32.61% TSCM Uptrend 01/26/2010 $3.03 $3.67 21.12%
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