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FMX | Connect – www.fmxconnect.com - (Reported 5/27/2010)








 

 

 

  • China to have surplus diesel and gasoline next year, accdg. to PetroChina
  • Europe crisis chokes Asia-Pacific loan market on concern exports to slump.
  • Hedge funds inflows to Asian managers will surge this year, accdg. to Barclays
  • Japanese exports increase for fifth month as Asian recovery boosts demand.
  • Asian shares gain as global sell-off eases; Won, Kiwi advance against Yen.
  • China's $300B sovereign fund will maintain investment in Eurozone, Xinhua says.
  • Oil rises a second day as Dollar's decline bolsters demand for commodities.
  • 7-Eleven Australia to buy 295 Exxon outlets to expand its retail presence for $247M.
  • Alcoa workers to picket over health-care cuts as contract deadline looms
  • American Eagle's Q1 net halves to $10.9M on losses from its failed MARTIN+OSA chain.
  • AutoNation authorizes additional $250M for share repurchases.
  • BofA, Citigroup incorrectly hid from investors billions of dollars of debt, documents show.
  • Coinstar sells e-payment services business to InComm for $40M.
  • Costco wholesale net income advances 46%, boosted by international stores
  • Foster's may be $11B takeover target after splitting wine and beer units.
  • GM to develop electric cars for India from Detroit, dropping Reva tie-up
  • Hertz and Avis are raising the pitch in their battle for car-rental rival Dollar Thrift.
  • Honda shuts down all China auto output as workers strike at parts factory.
  • Jo-Ann Stores beats by $0.22, posts Q1 EPS of $0.66. Revs rose 4.4% to $480.3M.
  • Lehman' bankruptcy estate sued JP Morgan, alleging it siphoned billions of dollars from
  • Lehman in the days before it collapsed.
  • Lenovo profit misses estimates on cost of returning to mobile business
  • Telefonica may win Vivo with higher bid as Portugal Telecom shifts stance
  • Toll Brothers' Q2 loss falls to $40.4M; believes a recovery in housing mkt is under way.
  • Verifone sees Q3 EPS of $0.29-0.30 (cons $0.28); revs of $245-250M (cons $235.62M).
  • Wal-Mart's Asda Chain Buys Netto's 193 U.K. Supermarkets for $1.13 Billion
  • Zale Corp. posted narrower Q3 loss of $12.1M on tax gain, slightly better margins.


Source: ZeroHedge


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