Daily Highlights: 11.22.2010

• China’s stocks fell, after policy makers increased the amount of money that banks must set aside to fight inflation.
• Euro, Asian stocks rise after Ireland seeks bank bailout; Bond risk drops.
• Europe agrees €80-€90B Irish aid.
• Greece's govt is losing hope of getting additional time to pay back a $150B loan.
• Ireland faces 'outsized' problem, seeks EU, IMF bailout.
• Thailand's GDP grew 6.7% in Q3 - slowest pace in three quarters.
• UK govt to launch review of environmental regulation of North Sea oil, gas rigs in Jan.
• US banks face $100B Basel III shortfall; bulk of equity capital problems at Big Six.
• AIG has put its rail-car unit up for sale.
• Anglo American PLC plans to divest its Callide thermal coal mine in Australia.
• AnnTaylor's Q3 net jumps to $24.2M as revs rose 9.3% to $505.3M.
• Blackstone considers its offer for Dynegy Inc. to be fair, no plans to raise it.
• Genzyme exploring a new deal structure that might help break deadlock with Sanofi.
• Glencore's Q3 net profit rose 45% from a quarter earlier on higher metal prices.
• Green Mountain to restate its financial statements for the past 3 fiscal years.
• Harrah's is likely to wait six to nine months to go back to public-equity markets.
• Merck cholesterol drug, Vytorin, is found to help kidney patients.
• News Corp. to unveil iPad newspaper, 'The Daily'
• Nissan to shift output to dollar economies; push to protect it from currency volatility.
• Novartis denies plans for a major cost-cutting program similar to one launched by Roche.
• Pirelli in talks with banks to refinance two lines of credit worth a combined €1.475B.
• Prysmian SpA plans to buy Draka Holding NV, a Dutch cablemaker, for $1.16B.
• Qatar Telecom, Princesse to buy 50% of Telecom Tunisie for $1.2B from Orascom.
• Rolls Royce wins $1.8B Chinese contract to supply engines to power 20 new aircraft.
• Sony to sell its division in charge of digital photo printers for professional use to Dai Nippon Printing.
• Tyson's Oct. earnings rose from a $455M loss last year to a $213M gain this year.
• Volkswagen will invest €51.6B in the automotive business over the next five years.

Earnings Calendar: ADI, AHCI, BRCD, CLRT, DY, HPQ, JACK, LZB, PSUN, SCMR, TECD, TSN, VAL.

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Data from Egan-Jones