Daily Highlights: 10.5.2010

• Europe, Japan economies slowing, lower inflation likely: Pimco.
• Yen weakens on speculation Japan will intervene to curb currency's gains.
• AIG is said to seek up to $14.9B in Asia unit's IPO.
• AK Steel hikes electrical steel products prices by $350 per ton.
• Amazon likely to announce a deal to buy Spanish Internet retailer BuyVip for $96.5M.
• Celgene Corp. plans to issue $1.25B of debt in its debut bond sale.
• Chevron to start buying back common shares starting in Q4. Targets $500M-$1B in shares per quarter.
• Chinese wind-turbine maker Xinjiang to raise $916M in IPO.
• Excel Trust acquires two grocery anchored shopping centers for ~$70M.
• FCC investigating Verizon Wireless for 'mystery fees' charged to customers.
• Harbinger sells 14.1% stake in Inmarsat for GBP410M.
• Mosaic Q1 net nearly triples to $297.7M as revs rose 50% to $2.19B.
• Televisa will pay $1.2B to help recapitalize Univision, gain a minority stake in return.
• Toyota completed repairs on 5M vehicles involved in 3 major US recalls since 2009.

• US, AmEx in antitrust suit over rules imposed on merchants being anticompetitive.

Economic Calendar: Data on ISM Services to be released today.

Earnings Calendar: ANCX, BSET, DMND, RMCF, VOL, WWW, YUM.

RECENT RATING ACTIONS
TEREX CORP (TEX)
YRC WORLDWIDE INC (YRCWD)
LODGENET INTERACTIVE CORP (LNET)
ENTERGY CORP (ETR)
FIDELITY NATIONAL FINANCIAL (FNF)
COCA-COLA BOTTLING CO (COKE)
ORBITAL SCIENCES CORP (ORB)
UNIVERSAL CORP/VA (UVV)
SARA LEE CORP (SLE)
SPAIN (1841z SM)
INTERNATIONAL BUSINESS (IBM)
BP PLC (BP)

Data provided by Egan-Jones

Comments

[LMAO]

Nothing about Soc Gen?

Patsy "One man job" Kerviel alledgedly being the only one on the grassy knoll.

LMAO

[99er]

(Reuters) - The Bank of Japan on Tuesday pledged to pump more funds into the struggling economy and keep rates virtually at zero, surprising markets and stealing a march on the Federal Reserve in providing a fresh dose of economic stimulus.

[99er]

IMF admits that the West is stuck in near depression

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/803978...