Daily Highlights: 10.26.09

• Asian shares were mostly higher Monday with S.Korean shares helped by upbeat economics.
• Bank failures in US exceed 100 for this year, most closings since 1992.
• China's September coal imports increase 7% from August as economy recovers
• Oil prices slipped to near $80 a barrel in Asia
• Dollar falls versus Euro as recovery signs, stock gains sap safety demand.
• Japan to punish BNP Paribas's unit over convertible bond, share price manipulation.
• Japan's PM Hatoyama says recovery 'unpredictable,’ unemployment may worsen.
• S Korea's Q3 GDP rises 2.9% - fastest quarterly pace in more than seven years.
• SEC considering filing securities fraud charges against ICAP's US subsidiary.
• World trade slipped in August, indicating economic recovery is still fragile.
• Allergan wins judge’s ruling that Apotex, Exela infringed its patents for glaucoma treatment.
• Capmark Fincl, with $21B of debt, files for bankruptcy after posting Q2 loss of $1.6B.
• Corning's Sept. net income declines from $768M last year to $643M this year.
• Dole Food drops in first day of trading after cutting IPO price to $12.50
• Electrolux AB rose the most in more than three months after 3Q profit almost doubled.
• Exelon Corp.'s Q3 net rises 8% to $757M on lower cost of purchasing power.
• Fisker Automotive in talks to buy old GM plant in Delaware to build hybrid vehicles.
• GM said to seek outsider for CFO as Feinberg pay ruling facilitates hiring.
• GM used funds from operations outside N. America to inject $413M in GM Daewoo.
• Honeywell's Q3 net falls 15.4% to $608M; revs slip 17.2% to $7.7B.
• India' largest car maker, Maruti Suzuki's Q2 net rises 93%.
• ING to divest insurance units, sell $11.3B of stock to repay aid.
• ION Geophysical Corp. to form a JV with BGP Inc. and will get $175M from the partner.
• Kellogg board approves new $650M share buyback.
• Netflix to deliver movies over the Internet to Sony's PlayStation 3 game consoles.
• SanDisk loses Trade Commission ruling over memory chip patents.
• Sony says US unit being probed by US authorities in relation to antitrust issues
• Verizon's Sept. profit declines from $1.7B last year to $1.2B this year.

Economic Calendar: Data on Existing Home Sales to be released today.

Earnings Calendar: AAWW, ACGL, ALB, AMX, CF, COG, FELE, FLEX, GLW, MHP, MTH, NOV, NVE, OMI, PCH, PRE, RCII, ROP, TLAB, VFC, VZ, WCN, WINN, WRB.

Recent Egan-Jones Rating Actions:

HONEYWELL INTERNATIONAL INC (HON)
DIAMOND OFFSHORE DRILLING (DO)
SCHLUMBERGER LTD (SLB)
AMAZON.COM INC (AMZN)
UNION PACIFIC CORP (UNP)
BURLINGTON NORTHERN (BNI)
CHOICE HOTELS INTERNATIONAL INC (CHH)
DOW CHEMICAL CO/THE (DOW)
SCIENTIFIC GAMES CORP (SGMS)
AIR PRODUCTS & CHEMICALS INC (APD)
DANAHER CORP (DHR)
DELTA AIR LINES INC (DAL)
LEGG MASON INC (LM)

Data provided by Egan-Jones Ratings and Analytics