Daily Highlights: 12.6.2010
- Bernanke says Fed may take more action to curb joblessness.
- Euro Finance Chiefs meet today as Belgium seeks bigger crisis fund.
- Most Asian stocks climb as commodity prices gain; Canon leads drop by exporters.
- Qatar shares surge to 2-year high on winning World Cup 2022 bid.
- US, S Korea, in finalizing a sweeping free-trade agreement.
- White House officials and congressional Republicans closing in on a deal that would extend current income-tax rates for all Americans.
- Aetna authorized repurchase up to an additional $750M of its common stock.
- BofA says it has met condition of Tarp exit; close to raising required $3B via asset sales.
- BP's $3B Algeria gas field sale stalled by Government
- Chevron sells 18% Indonesian gas stake to Sinopec for $680M.
- DryShips plans private offering of shares by Ocean Rig UDW worth ~$500M.
- FedEx Ground to increase 2011 rates by a net average of 4.9%.
- GE awaits verdict on Hudson cleanup; EPA expects to issue its verdict Dec. 13.
- Google to buy video software maker Widevine Tech. Financial terms undisclosed.
- Groupon is said to spurn Google’s $6B acquisition offer.
- Hitachi develops machinery to recycle rare earths for use in electronics
- HSBC Holdings sued by Madoff Trustee for $9B for alleged misconduct.
- Kroger's Q3 sales rose 5.9% to $18.7B; net up 14% at $202.2M excl charges.
- Oshkosh Corp. bags $413.2M firm- fixed-price contract from US Army.
- PE firm Advent to sell stakes in Nuevo Banco, Pronto! to Bank of Nova Scotia for more than $300M.
- Pfizer plans to seek regulatory approval next year in Europe, US to sell bosutinib.
- Riversdale Mining in talks with Rio Tinto Group on a possible $3.46B takeover.
- Starbucks in early talks with Indian companies for an entry into the country.
- Toll Brothers swings to profit, of $50.5M helped by tax benefit and fewer write-downs.
- Vodafone finalizing deal to sell its 44% stake in SFR for 7B pounds ($11B)
- YUM! Brands reaffirms 2010 EPS growth forecast of 14% (15.2% consensus).
Earnings Calendar: CIEN, DG, FCEL, FGP, HRLY, IDT, LAKE, MOV, NAVI, OXM, PBY, REXI, SAFM.
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