Zero Hedge: Daily Highlights May 4, 2010
- Consumer spending in the U.S. rose in March by the most in five months.
- Most banks in the U.S. didn’t tighten lending standards during the first quarter - FED
- The Senate may take its first votes on amendments to the financial-overhaul bill.
- Apple sold 1 million of its new iPad tablet computers.
- BP Plc is trying to install a new valve to staunch one of three leaks in an undersea well.
- British Land and Blackstone Group plan to redevelop part of Broadgate.
- China Petrochemical resumed operations at a crude oil pipeline in Shandong province after shutting it because of a leakage on May 2.
- Citigroup proprietary trader Jay Glasser quit to join Nomura.
- CVS's March quarter net income rises from $738M last year to $771M this year.
- Dainippon Sumitomo failed to win US approval to sell a once-daily epilepsy medicine acquired in the $2.34 billion purchase of Sepracor in October.
- Fed regulators have ordered Baxter to recall all of its Colleague infusion pumps.
- General Growth will support a revised financing proposal led by Brookfield Asset in bankruptcy court.
- Hannover 1Q profit down 31% on higher claims from natural disasters including the earthquake in Chile.
- Holcim posted 1Q net loss of 68 million francs on tax charge.
- Li & Fung climbed the most in more than three months in HK trading.
- Linde's 1st quarter net profit up 72% to nearly $262.1M.
- NYSE Euronext says 1Q net profit up 25% on strong growth in derivatives.
- Pearson agreed to sell its 61 percent stake in Interactive Data to private equity firms Silver Lake and Warburg Pincus for pretax proceeds of $2 billion.
- Simon Property stepped up its fight for General Growth with a new takeover offer.
- Six Flags emerged from bankruptcy after reducing debt by more than half.
- Teva 1Q profit advanced 31%.
- UBS reports 2.2 billion franc net profit in 1Q.
- Wal-Mart to pay $27.6M to settle claims in California dumping case.
- Westfield reported the biggest increase in U.S. sales in almost three years and said it will start A$1 billion ($927 million) of developments.
Source: ZeroHedge
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