Daily Highlights: 10.14.09
- Bank of Japan holds rate at 0.1%, doesn't comment on ending credit steps.
- Baucus Health Overhaul plan is passed by Senate panel with Snowe's support.
- China to curb steel output to reduce oversupply: Wuhan, China's third-largest mill.
- China's exports drop by least in nine months as global economy strengthens.
- China's central bank says foreign reserves hit record high $2.273T shortly.
- China shares rise on hopes for better 3Q corporate earnings, led by financials, property.
- Gold hit records, other precious metals rally to multimonth peaks, as dollar weakens.
- Japan's Producer Prices fall for ninth month as corporate demand declines.
- Most Asian stocks fall, led by banks on valuations.
- Treasuries rise on speculation Fed won't raise rates until late next year.
- U.K. annual consumer price inflation slumped to its weakest rate in 7 years in Sept.
- World stock markets rise as China export slump eases; oil hits new 2009 high.
- Cargill's Q1 net falls 65% to $525M on lower demand, lower net at Mosaic Co.
- Cisco said it has agreed to buy Starent Networks for $2.9B.
- CSX's Q3 net falls 23% to $293M on 15% dip in freight volumes. Revs fall 23% to $2.3B.
- Diageo reports fall in quarterly sales, braces for worker protest at AGM.
- Domino's Q3 net rose 76% to $17.8M as it retired debt. Revs rose 6.5% to $302.7M.
- Ford is expanding a recall by addln 4.5M vehicles, to fix a fire hazard.
- Ford reaches tentative deal with the UAW that would freeze entry-level wages.
- Intel expects Q4 revs at $10.5B vs. cons. est of $9.5B.
- Intel: Back-To-School sales 'exceeded expectations'.
- IPO of RailAmerica Inc. struggled on its listing day, closes down 8% from IPO price.
- J&J's net rose 1.1% as weakness in generic drugs were offset by better sales of devices.
- Johnson Controls expects 2010 revs to beat cons. est., aided by stimulus-funded projects.
- McGraw-Hill reaches agreement to sell BusinessWeek magazine to Bloomberg.
- Motorola, Nokia won a total $4.8B judgment against Turkish members of the Uzan family.
- Rio iron ore production rises 12% on record demand from China steelmakers.
- Rio Tinto to double its interest in Ivanhoe Mines to 19.7%, invests $388M.
- Unilever sees more opportunity for acquisitions, emerging market growth.
- Vale SA may seek partnership with Bolivia to exploit the world’s largest lithium deposit.
- Vivendi Board may decide to sell NBC Universal stake, triggering GE's exit.
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