Daily Highlights: 11.19.2010

• Asian stocks advance for second day on US economic data, Ireland hopes.
• Bernanke takes defense of monetary stimulus abroad, turns tables on China.
• South Korea to reimpose tax on bonds; first of a possible raft of capital control measures.
• Spain sells €3.7B of bonds yielding less than secondary market.
• Treasuries hold gains as Bernanke says job losses may curb economic growth.
• Air China to buy $4.49B worth of aircraft from Airbus at a discount.
• Arthur J. Gallagher announced acquisition of Behnke & Co. Terms undisclosed.
• Autodesk's Q3 net jumps 81.7% to $53.6M as revs rose 14% to $477M.
• Bayer AG to cut costs by €800M a year starting in 2013 and slash 4,500 jobs.
• Cablevision to explore possible spinoff of its Rainbow Media Holdings LLC business.
• Cardinal Health Inc. to buy NY-based drug distributor Kinray Inc. for $1.3B.
• Cisco plans to buy back another $10B shares.
• Dell beats by $0.12, misses on revs; raises FY11 operating income view above cons.
• Fiserv to repurchase of up to 7M additional shares of the company's common stock.
• Foot Locker beats by $0.16, reports Q3 EPS of $0.33; revs rose 5.4% to $1.28B.
• Ford cuts Mazda stake to 3.5% from 11%.
• Gap reaffirms guidance for FY11, sees EPS of $1.77-1.82 vs. cons $1.82.
• GM listing marks successful turnaround; shares close 3.6% above offer price.
• Harrah's delayed its $532M IPO and Burlington Coat Factory scrapped plans to sell $500M in bonds, citing  weak demand.
• Heinz's Oct. net income rises from $231M to $251M.
• Intuit sees Q2 EPS of $0.36-0.40 (cons $0.45); revs of $920-940M (cons $919.51M).
• Karoon cancels $773M share offering in Brazil on market conditions.
• Marvell reported Q3 EPS of $0.45 (cons $0.43); revs rose 19.4% to $959M.
• Salesforce.com f'casts Q4 sales of at least $447M, vs. cons est. of $424.6M.
• Sears Holdings' Q3 loss widened to $218M as revs fell 5% to $9.68B.
• Shoe Carnival sees Q4 EPS of $0.30-0.32 (cons $0.24); revs of $178-182M (cons $177.6M).
• Staples' Q3 net rises 7.2% to $288.7M on flat revenues of $6.54B.
• Thomson Reuters acquires Pangea3. Terms of the deal were not disclosed.
• Walter Energy Inc. is in talks to buy Canadian rival Western Coal Corp. for $3.24B.

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Data provided by Egan Jones