In The New

• CBO pegged the 2010 US budget deficit at $1.35 trillion.
• China’s stocks fell, sending Shanghai Composite Index briefly below 3,000 – first time since Oct. 30
• Commodities stocks, metal prices drop as China curbs growth.
• Japan exports rise for first time in 15 months, beating estimates on China.
• Oil falls to near $74 a barrel in Asia amid concerns over weak recovery in oil demand.
• Several Chinese banks have ordered some branches to suspend lending for this month.
• Altera posts Q4 EPS at $0.34 (cons $0.29); revs rose 16.1% to $365M.
• Cemex swings to Q4 profit of $265M on FX gains, financial instruments. Revs fell 17%.
• GM to sell Saab to Dutch carmaker Spyker for $74M.
• J&J’s Q4 earnings fell 19% to $2.21B on restructuring charges. Revs up 9% at $16.55B.
• Oracle plans to hire 2,000 sales and engineering employees; to develop new line of high-end computer systems.
• Rusal Ltd., the world’s largest aluminum producer, shares fell in its Hong Kong trading debut.
• Sunoco Logistics misses by $0.12, posts Q4 EPS at $1.30. Revs up 5.6% at $1.66B.
• Toyota halts US sale, output of eight models as reputation ‘tarnished’ over recalls.
• Travelers Cos’s Q4 net rises 60% on absence of catastrophe costs, gains in invt portfolios.
• Verizon Comm swings to Q4 loss of $653M; to cut 13,000 more jobs.
• Yahoo swings to Q4 profit, despite 4% decline in revs at $1.73B.

Economic Calendar: Data on New Home Sales, Crude Inventories, FOMC Rate Decision to be released.

Earnings Calendar: ABT, ACF, ATI, BA, BLK, BMC, CACI, CAJ, CAT, CCI, COP, EGN, ETFC, GD, ISIL,

Recent Egan-Jones Rating Actions

MUR, PJC, PX, STJ, SYMC, UAUA.
RECENT RATING ACTIONS
AMGEN INC (AMGN)
ZIONS BANCORPORATION (ZION)
CONSOLIDATED EDISON INC (ED)
ZIONS BANCORPORATION (ZION)
ASHLAND INC (ASH)
KIMBERLY-CLARK CORP (KMB)
LEGG MASON INC (LM)
PACKAGING CORP OF AMERICA (PKG)
QUEST DIAGNOSTICS INC/DE (DGX)
AMGEN INC (AMGN)
SVB FINANCIAL GROUP (SIVB)
EXELON CORP (EXC)
AK STEEL HOLDING CORP (AKS)

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