Zero Hedge: Daily Highlights April 26, 2010
- Asian stocks, commodities rally on economic recovery, Greece.
- Bond traders declare inflation dead with yields below 2008 crisis levels.
- China is considering introducing new or higher taxes on real estate.
- Consumer spending in US probably stepped up, carrying expansion in 2010.
- Dollar rises versus Yen amid signs of global recovery before Fed meeting.
- Finance Ministers urge IMF, EU to speed aid to Greece at Washington Talks.
- Germany is laying the legal ground for its contribution to the financial aid package for Greece.
- Japanese 10-year bonds fell for the first time in three days.
- Regulators closed 7 Illinois banks on Friday, bringing the year's total to 57.
- UK house prices rose in April at the slowest pace in three months.
- Weaker yen boosted exporters in Japan, with Nikkei up 2%.
- Bank of Ireland will embark on a €3.4B capital-raising exercise in the private market.
- CAT's March net income rises from a $112M loss last year to a $233M gain this year.
- Charles River Lab likely to announce acquisition of China's WuXi AppTec, for $1.6B.
- CKE agreed to be sold to Apollo Management group for $694M.
- Daimler, BYD join forces and share know-how to establish a new brand of electric cars.
- Ensco Plc sold a jackup rig for $47M, higher than the book value of $30M.
- Germany's E.On is said to weigh bids for $5B Kentucky utility unit.
- Goldman Sachs clashes with Senate's Levin ahead of Blankfein's testimony.
- Hertz Global to buy Dollar Thrifty Automotive Group Inc. for about $1.2B in cash and stock
- J&J's Q1 profit rose 29% to $4.5B, lowers 2010 EPS view on impact of health-care reform.
- L'Occitane may raise $707M in Hong Kong share sale to expand store.
- T. Rowe's Q1 net triples to $153M as revenues gained 44% to $557.1M.
- Toyota rose the most in seven weeks in Tokyo.
- Travelers Cos. Q1 net falls 2% on higher claims from Chilean earthquake, US snowstorms.
- UAL, Continental Airlines continuing their merger talks, but disagreements emerge over which share price to use for stock-swap deal.
- Whirlpool 1Q profit more than doubles as sales of its appliances improve.
- Xerox swings to $42M loss on acquisition related costs, sales soar 33% to $4.72B.
Source: ZeroHedge
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