FMX | Connect – www.fmxconnect.com - (Reported 6/03/2010)

• Asian stocks rise, default risk falls on US home, car sales; Yen weakens.
• China warns US over a decision to slap duties on imports of Chinese steel gratings.
• China plans to subsidize purchases of energy-efficient vehicles to help cut emissions.
• Chinese tech stocks rise most on govt plans to increase investment in these industries.
• European stocks climbed, following positive sessions on Wall Street and in Asia.
• May sales at store open a year or more expected to rise 2-2.5% YoY - ICSC.
• ARM, IBM and allies announce plans for software venture.
• AT&T stops unlimited Internet data plans to new customers with smartphones, iPads.
• Bombardier's Q1 net falls 3% to $153M; revs down 4.9% to $4.25B.
• BP may sell Prudhoe Bay stake to finance cleanup of Gulf Oil spill.
• Citigroup’s plan to shift bad loans to a new division from its U.S. consumer-finance business
• will make the remaining network profitable-McDowell,CEO,CitiFinancial unit.
• Collective Brands' Q1 profit grew 43% to $54.2M on higher margins,international sales.
• Dynamex Inc. lowered its 2010 EPS f'cast to as low as $1.05 (cons $1.21).
• Hearst Corp. finalized purchase of digital-marketing firm iCrossing Inc. for about $325M.
• Hon Hai said it would increase wages for its workers in China by 30%.
• Honda to resume car production in China, but wage negotiations ongoing.
• Hovnanian Entrps Q2 loss narrows to $28.6M, lower than what cons estimated.
• Petrobras names banks to manage $25B share sale.
• Royal Ahold first-quarter profit rose 46 percent.
• SonicWALL to be acquired by group led by Thoma Bravo, LLC for $11.50/sh in cash.
• Toyota U.S. sales of its luxury Lexus brand rose 31 percent in May
• Xstrata suspends $5.6B Australian projects amid mining tax backlash.

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