99942 Apophis (pronounced /əˈpɒfɪs/, previously known by its provisional designation 2004 MN4) is a near-Earth asteroid that caused a brief period of concern in December 2004 because initial observations indicated a small probability (up to 2.7%) that it would strike the Earth in 2029. Additional observations provided improved predictions that eliminated the possibility of an impact on Earth or the Moon in 2029.
However, a possibility remained that during the 2029 close encounter with Earth, Apophis would pass through a gravitational keyhole, a precise region in space no more than about 600 meters across, that would set up a future impact on April 13, 2036. This possibility kept the asteroid at Level 1 on the Torino impact hazard scale until August 2006, when the probability that Apophis will pass through the keyhole was determined to be very small. Apophis broke the record for the highest level on the Torino Scale, being, for only a short time, a level 4, before it was lowered. Its diameter is approximately 270 meters (885 ft).
Based upon the observed brightness, Apophis' length was estimated at 450 metres (1,480 ft); a more refined estimate based on spectroscopic observations at NASA's Infrared Telescope Facility in Hawaii by Binzel, Rivkin, Bus, and Tokunaga (2005) is 350 metres (1,150 ft).
In October 2005 it was predicted that the asteroid will pass just below the altitude of geosynchronous satellites, which are at 35,786 kilometres (22,236 mi). Such a close approach by an asteroid of this size is expected to occur only every 1,300 years or so. Apophis’ brightness will peak at magnitude 3.3, with a maximum angular speed of 42° per hour. The maximum apparent angular diameter will be ~2 arcseconds, so that it will be barely resolved by telescopes not equipped with adaptive optics.
http://en.wikipedia.org/wiki/99942_Apophis