FMX | Connect – www.fmxconnect.com - (Reported 5/28/2010)

• Asia stocks rise for a third day after US shares rally; Euro declines.
• China's foreign-exchange regulator denied it is reviewing its holdings of euro-zone debt.
• European banks are increasingly hoarding cash while borrowing far less.
• Greece may yet have to restructure its debt, despite assurances to the contrary from EU, IMF.
• Japanese prices decline, unemployment rises in signs recovery is slowing.
• Workers protested French govt plans to raise the retirement age past 60 years old.
• BP puts total cost to date at $930M; 'top kill' may take another 24 to 48 hours.
• Costco's Q1 net rises 50% to $306M; revs increased 12.3% to $17.78B.
• CVS charged Medicare customers more than promised; blame on software glitch.
• Daimler, BYD set up a 50-50 JV to develop an all-electric vehicle for the Chinese market.
• Guess' Q1 net income rose 55% to $50.3M; Sales rose 22% to $539.3M.
• HJ Heinz's Q4 earnings rose 9.9%; sees growing opportunities in emerging markets.
• Hon Hai may lift China wages 20% after spate of suicides at Apple supplier.
• Nissan and Ford will offer $500 rebates on several car and truck models over the U.S. holiday weekend.
• Ipad makes foreign debut; drawing lines of eager consumers outside stores.
• J. Crew's Q1 profit doubled to $44.7M on stronger full-price selling. Revs up 20% at $413.9M.
• KKR, Bain Capital hire Goldman Sachs for a $1B IPO of Toys R Us Inc.
• Lenovo swung to Q4 profit of $13M on cost control. Revs up 56% at $4.32B.
• Prudential PLC in talks with AIG to cut $35.5B price tag on AIG's main Asian unit.
• SABMiller is looking into making a bid of about $10.2B for Australian rival Foster's.
• Shell to buy business of East Resources for $4.7B.
• Standard Chartered's $500M India offer 84% unsold with one day left.
• Tiffany & Co.'s Q1 earnings more than doubled as demand rebound across most of its mkts.
• Travis Perkins in advanced talks to buy BSS Group; indicative price GBP553M.
• UAW expects to claw back some of the concessions it gave to the three Detroit auto makers.

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