Daily Highlights: 3.25.10
- Asian shares mostly lower; but exporters hold Tokyo up.
- China won't succumb to foreign pressure on revaluation of Yuan, Zhong says.
- Dubai supports Dubai World’s debt restructuring with $9.5B of funds
- European try to find solution to Greek debt crisis as euro slides, Portugal downgraded.
- Germany asserts European clout to impose IMF role in EU rescue of Greece.
- IMF could demand stricter path out of Greece's economic crisis than EU.
- Oil hovers below $81 in Asia after US crude inventories increase.
- Soft-drink volume fell 2.1% in the US last year, but pace of decline eased from 2008.
- Trichet says the bank will leave emergency collateral rules in place into 2011.
- Aiful's debt valued at 31.375% in first auction for Japanese company swaps.
- Americans saying 'no' to Toyota after recalls as Ford leads opinion survey.
- Campbell Soup CEO: Soup sales are picking up in response to promotional efforts.
- Caterpillar to take a $100M hit in earnings on additional taxes from new health-care legislation.
- China’s second-largest mobile operator, China Unicom, drops Google from new handsets.
- CKE Restaurants's Q4 net rises to $15.4M from year-ago's $2.6M. Revs fell 4.8% to $311.7M.
- Daimler, Renault talks reach final leg; deal to seal pact with cross-shareholding.
- Dubai's govt to inject $9.5B into Dubai World, real estate developer Nakheel.
- GE collected $300M by selling half its stake in Genpact Ltd., India-based BPO arm.
- Hedge funds controlling big chunks of MGM's debt unwilling to sell for a lowball price.
- Lennar narrows loss in Q1 to $6.5M, revs fell 3.1% to $574.4M. Sees profitable 2010.
- Lukoil abandoned a project in Iran, and posted a 23% decline in 2009 profit on lower prices.
- Nvidia to launch first chip using its next-generation graphics technology on Friday.
- Paychex's Q3 net falls 14.3% to $112M as revs fell 4% to $507.8M.
- Raytheon hikes dividend 21% to $1.51; announces new $2B share repurchase plan.
- Schlumberger buys Geoservices from Astorg and minority shareholders; for $1.07B.
- Starbucks announced its first-ever dividend, plans to make it to 35-40% of net income.
- Target Corp. lost a bid to avoid lawsuit over its role in sale of the Mervyn's dept chain.
- Wal-Mart sells $2B debt of senior notes in two parts.
- Zurich Financial revises annual net profit upward by $747M.
Economic Calendar: Data on Continuing Claims, Initial Claims to be released today.
Earnings Calendar: ACN, APP, BBY, CAG, CPWM, FINL, FRED, GRO, MKC, ORCL, SCHL,TEAR, TXI, WSCI, WTSLA.
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