Top Stories* (market impact ranking)

•   Today 08:30am
  *Q2 PRELIMINARY GDP ANNUALIZED: 3.3% V 2.7%E; PERSONAL CONSUMPTION: 1.7% V 1.6%E
  
•   Today 10:05am
  (UK) BOE's Blanchflower see inflation falling in medium term; says must act now and get ahead of the curve; need substantial drop in interest rates- says BOE is currently behind the curve. Calls the more...
  
•   Today 12:01pm
  DoE: We are ready to tap the SPR if Gustav causes a severe supply disruption
  
•   Today 10:35am
  *EIA NATURAL GAS INVENTORIES: +102 BCF V +80 TO +85 BCF RANGE OF ESTIMATES
  
•   Today 07:22am
  (US) National Hurricane Center (NHC) Update on Tropical Storm Gustav, winds increase to 70mph- Position latitude 17.8 North, longitude 75.6 W - Heading West Southwest at 6mph - Max sustained winds more...
  
•   Today 08:30am
  *Q2 PRELIMINARY GDP PRICE INDEX: 1.2% V 1.1%E; CORE PCE Q/Q: 2.1% V 2.1%E
  
•   Today 08:30am
  *INITIAL JOBLESS CLAIMS: 425K V 425KE; CONTINUING CLAIMS: 3.423M V 3.390ME- Prior Initial Jobless Claims revised from 432K to 435K - Prior Continuing Claims revised from 3.362M to 3.359M
  
•   Today 09:35am
  (US) White House Econ Advisor Lazear: US economy is a lot more resilient than most think it is - CNBC- Notes the labor market is primary concern. - US relies on other countries economic growth to more...
  
•   Today 11:01am
  (GE) German Fin Min Steinbrueck: Any economic stimulus package may lead to higher ECB rates, discussions of possible recession are frivolous- Sees the medium and long term outlook as more positive more...
  
•   Today 08:30am
  *(CA) Q2 CURRENT ACCOUNT (BOP): C$6.8B V C$8.0BE- Prior revised from C$5.6B to C$4.5B
  
•   Today 08:05am
  IEA is prepared to open strategic oil stocks if deemed necessary following Tropical Storm Gustav- Adds likley to release stocks if the damage is extensive and would take months rather than weeks to more...
  
•   Today 06:00am
  *(UK) AUG CBI DISTRIBUTIVE TRADES: -46% V -36% PRIOR; EXPECTED SALES: -42% V -32% PRIOR- Order Volume Balance: -56% v -37% prior - Volume of Underlying Sales: -30% v -20% prior - Headline # is the more...
  
• SHLD   Today 06:00am
  Sears Holding Corp. Reports Q2 $0.21 v $0.33e (ex items), R $11.76B v $11.71Be, SSS -6.7%- Our second quarter 2008 results include the positive impact of the reversal of a $62M ($37M after tax or $0.29 per diluted more...
  
• TIF   Today 07:00am
  Tiffany & Co Reports Q2 $0.63 v $0.55e, R $732.4M v $720.6Me- Guides FY08 EPS $2.82-$2.92 ($2.80-2.90 prior guidance) v $2.83e - Q2 Gross Margin 57.8% v 57.4% y/y - Q2 North America SSS -4% - Q2 Asia-Pacific more...
  
• ENER   Today 07:01am
  Energy Conversion Devices Inc Reports Q4 $0.24 v $0.16e, R $82.4M v $77.5Me-Guides Q1 Rev $95-98M v $87.9Me, Gross Margin 31% -Guides FY09 Rev $445-485M v $443.1Me
  
• GRB   Today 08:01am
  Gerber Scientific Inc Reports Q1 $0.03 v $0.11e, R $158.9 v $158.4Me- Q1 GM's -310bps y/y -CEO states "Although the current global economic outlook continues to be uncertain, we anticipate that the success of new more...
  
• TD   Today 07:31am
  The Toronto-Dominion Bank (USA) Reports Q3 C$1.35 v C$1.37e, R C$4.03B v C$3.39B y/y, Raises 3.5% Dividend to C$0.61 from C$0.59- Q3 ROE 13.4% v 21.0% y/y - Q3 ROIC 13.11% v 18.7% y/y - Tier 1 Capital Ratio 9.5% v 10.2 y/y
  
• VRX   Today 08:00am
  Valeant Pharmaceuticals International Signs worldwide collaboration deal with GSK for Retigabine, receiving $125M upfront payment- Additionally, GSK will pay Valeant up to $545M based on the achievement of certain regulatory, development more...
  
• FLE   Today 07:30am
  Fleetwood Enterprises Inc Reports Q1 -$0.41 v -$0.14e, R $289.9M v $342.4Me- CEO: We are experiencing some of the toughest industry conditions that we have seen since the late 1970s and early 1980s. Dealers are reducing their more...
  
• DLM   Today 08:00am
  Del Monte Foods Co Reports Q1 -$0.04 v -$0.04e, R $726.2M v $747.4Me- Guides FY09 EPS at "the lower end" of $0.58-0.62 v $0.58e; Revenues +6-8% y/y - June 2008, the Company announced that it plans to sell its seafood more...