Daily Highlights: 5.10.10

• Asian stocks, US Futures, Euro climb on global plan to stem debt crisis.
• China posted a $1.68B trade surplus in April, Xinhua News Agency reports.
• ECB says will intervene in bond market in unprecedented bid to buoy Euro.
• EU crafts $962B show of force to support Euro, halt global crisis.
• Fed restarts currency-swap tool with ECB in effort to contain debt crisis.
• US, Australian, Japanese bonds tumble as Europe arranges rescue package.
• Accounting regulators find deficiencies in 15 audits conducted by Deloitte & Touche.
• AIG swung to a Q1 profit of $1.45B as it recorded fewer investment write-downs.
• Alcatel-Lucent's Q1 loss widened to €515M as revs fell 9.8% to €3.25B.
• Berkshire Hathaway reported a 5.8% increase in its book value during Q1.
• Chinese miner, Tian Yuan Mining Ltd. to shelve its initial public offering indefinitely.
• Edison beats by $0.04, posts Q1 EPS of $0.82. Revs fell 0.1% to $2.8B.
• Elizabeth Arden's Q3 loss widened on restructuring expenses. Revs up 6.7%.
• JFE Holdings to spend $2.2B in iron ore and coal mines in Australia, Brazil.
• Kraft's Q1 profit soars to $1.88B on Cadbury acquisition. Revs up 26% to $11.32B.
• Mohamed Al Fayed sells Harrods to Qatar Holding for $2B.
• National Grid agrees to $442M rate hike to purchase Cape Wind power.
• Peabody cuts Macarthur bid to $3.4B on impact of Rudd's mining tax.
• Playboy dramatically reduced its losses for Q1 on fewer charges, lower magazine costs.
• Posco may be the preferred bidder for Daewoo Intl with a $3B offer: media.
• Washington Post swings to Q1 profit of $45.8M as revs gained by 11% to $1.17B.

Earnings Calendar: ABK, ABMD, AE, CDE, CHINA, DDS, DF, DYN, FLR, FRE, IOC, IPSU, LM, MBI, MDR, PCLN, SATS, SSP, VOXX, WINN.

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Data provided by Egan-Jones Ratings and Analytics

Comments

[Sisyphus]

Goldman Sachs Has First Perfect Quarter With Zero Trading Loss

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHRgsfzJINXw&pos=5

Edit: Oops!! sorry, Tyler posted it almost at the same time as I.