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Daily Highlights: 3.18.09
- Bernanke urges to let the Fed keep all of its banking oversight.
- BoJ's loan program may resound more with Government than economy.
- Brazil central bank leaves key rate at 8.75%.
- China conducts stress tests to gauge impact on industry of end to yuan peg.
- Euro weakens and Greek stocks and bonds fall due to bailout plan.
- Gov't bank regulators got big bonuses despite missing warnings signs of crisis.
- Greek PM Papandreou says austerity program not sustainable due to high borrowing costs.
- IMF chief says China's currency 'undervalued'.
- Oil falls to near $82 in Asia after 2-day rally on brighter US demand outlook.
- World stock markets mostly lower as euro slides amid concerns about Greece.
- Australia concerned about Rio Tinto trial.
- Baseball's Dykstra sues JPMorgan for $100M.
- CA completes its acquisition of Nimsoft for $350M cash.
- China Mobile says 2009 profit up 2.3 percent; company faces stronger competition.
- Comerica exits TARP; Hartford raises $1.95B.
- Herman Miller swings to Q3 profit of $8.3M, misses f'casts. Revs fell 7% to $329.6M.
- Kraft to cut sodium levels in North American products by 10 percent.
- McDonald's to sell all soft drinks, no matter the size, for $1.
- Nike’s earnings rise to $496M, or $1.01 a share, up from $244M.
- Nissan to make electric vehicle, the Leaf, in Britain from 2013.
- Nvidia said it's extending an existing stock-buyback plan (of up to $2.7B) through May 2013.
- Porsche reported an 83% drop in its H1 profit and stuck to its forecast of a full-year loss.
- Premier Farnell shares gain after 39% profit rise.
- Teva close to an agreement to buy Ratiopharm GmbH for about 3.5B euros.
- TheStreet.com says it's being probed by SEC.
- Toyota chief says worker development failed to keep up with automaker's rapid growth.
- UBS upgrades Porsche to buy from neutral; says Porsche stock is an attractive way to get invloved in the proposed merger with Volkswagen.
- United Airlines sees Q1 passenger revenue up 16-17% YoY.
- Verizon aims to halt Cablevision Systems' imports of some digital-TV set-top boxes, filing a patent-infringement complaint.
- Wells Fargo's subsidiary Wachovia Bank to pay $160M to settle money-laundering allegations.
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How nice indeed....
Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ag_cwqJcUj_c&pos=1
Brown pressing Saudis to pump more oil... 'important oil price doesn't hurt recovery'..
Hmmm, you stupid fool Brown... you are the one that keeps raising the taxes so they are MASSIVE proportion of the cost... it has got nothing to do with the price of oil any longer... it is just one big tax charge now
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