Daily Highlights: 9.11.09
- Chinese Premier says China 'cannot, will not' pull back from economic stimulus policy.
- Crude rises for fourth day on inventories report, IEA outlook.
- French President wants to tax carbon dioxide emissions by households, businesses.
- Govt on track to pay back car dealers for "cash for clunkers" program by Sept. 30.
- Hotel occupancy to gain strength in late 2009, 2010, profit to remain elusive: report.
- India might unwind its easy monetary policy sooner than other countries: Central Bank.
- Istithmar said to halt investment as Dubai weighs sale of sovereign fund.
- Japan's economy grew 2.3% last quarter, less than initially estimated 3.7%.
- Most Asian stock markets rose on lower US jobless claims, higher f'cast for oil demand.
- Recession has slashed families' earnings, increased poverty and left more people without health insurance: Census Bureau.
- UK house prices rose 0.8% - third time in four months, in August.
- US Trade deficit widens to $32B - most since 1999 as imports surge on auto demand.
- Abbott Labs to buy surgery-device maker Evalve Inc. for $410M.
- AMD, for the first time in several years, claims its new graphics chips betters Nvidia's.
- Bloomberg among potential bidders for McGraw-Hill's BusinessWeek.
- Chrysler considering return to auto-leasing business.
- Daiwa to buy out Sumitomo Mitsui for $2.2B, ending banking venture.
- General Mills sees Q1 EPS above internal view on rebounding margins.
- GM Board backs Magna as Opel buyer after resolving disputes on technology.
- India's IDFC PE fund to buy BP's domestic wind power assets for $133.8M.
- MDS Inc.'s Q3 loss widened to $62M as revs dip 21% to $199M.
- Monsanto sees earnings falling in 2010, cites declining sales of Roundup herbicide.
- Natl Semiconductor's Q1 net falls 62.5% to $29.8M; revs down 32% to $314.4M.
- OAO Sberbank's Q2 net profit plunged 85% to $174M on higher loan-loss provisions.
- P&G reaffirms Q1 EPS, FY10 EPS and revs guidance; sees Q1 EPS of $0.95-1.00.
- Total SA to spend $22B over the next 23 years drilling for gas in Indonesia.
- Verizon protests Nortel's enterprise business unit sale to Avaya.
- Walmart supplier Li & Fung reports more orders, 'positive buzz' in US.
- Williams Cos. sees "sharply higher" profit hikes in 2010, 2011 on higher commodity prices.
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