Morning Journal--More problems with student loans

  News on Stocks in Our Portfolios

 

            Walgreen (WAG): FQ4 EPS of $0.63 beats by $0.07. Revenue of $17B.

Medtronic (MDT) agrees to pay $816M for China Kanghui, a provider of orthopedic implants in a deal that expands the U.S. company's presence in China. Medtronic's offer of $30.75/ADR represents a 22.5% premium to Kanghui close yesterday. Barclays analyst Jason Mann says Kanghui provides Medtronic with "access to thousands of hospitals...(in) the fastest growing orthopedic market."

Nike (NKE): FQ1 EPS of $1.23 beats by $0.11. Revenue of $6.67B beats by $260M. Shares -2.3% AH.

            Accenture (ACN): FQ4 EPS of $0.88 in-line. Revenue of $6.8B. Shares +0.4%

Economics

   This Week’s Data

 

            August personal income was up 0.1% versus expectations of up 0.2%; personal spending was up 0.5%, in line; core PCE (inflation) was up 0.1%, also in line.

   Other

Politics

  Domestic

Another problem lurking beneath the surface of student loans (short):

http://www.zerohedge.com/news/2012-09-27/what-student-loans-are-really-spent