Daily Highlights: 3.25.10

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  • 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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