FMX | Connect – www.fmxconnect.com - (Reported 6/11/2010)
- China May retail sales surge 18.7% from year-ago.
- China's consumer inflation breaches 3% level- govt's annual target.
- 'Circuit Breaker' set; rules to ease stock volatility on S&P 500 to begin today.
- ECB plans new loans, raises 2010 f'cast.
- Euro climbs to $1.2103 after ECB expanded efforts to make credit available.
- Geithner says China yuan policy is 'impediment' to global economic growth.
- Loans in Fed Reserve program aimed at easing European crisis fall to $1.24 billion.
- Stocks rise in Europe, Asia on economic recovery signs; bond risk declines.
- US economy strengthened in all of the central bank’s regions in April and May for the first time in more than two years,
- while growth in many districts was subdued. -Fed
- U.S. trade deficit widened in April - steps up pressure on China to bridge this widening gap.
- Archipelago Learning buys EducationCity for $87M, cuts FY10 EPS view to $0.40-0.44.
- BHP may use iron-ore price slump to push for spot sales in Q3.
- BP considering deferring or reducing its Q2 dividend to help quell the political uproar.
- Brown-Forman's Q1 profit falls 8.7% amid higher costs; revs up 7.3% at $733M.
- Ciena loss narrows to $90M after year-earlier write-downs; revs up 76% to $253.5M.
- Del Monte Foods' net drops 11% to $63.7M; revs down 9.8% at $954M.
- Dell Inc. set aside $100M as part of a potential legal settlement with U.S. regulators.
- Finisar swings to Q4 profit of $14.2M as revs jumped 75% to $188.5M, margins expanded.
- Fujitsu and Toshiba are in talks to merge their mobile phone businesses.
- India's Reliance said to consider buying stake in Pioneer Natural shale-gas asset.
- McDonald’s plans to open 100 more restaurants in South Africa and 120 in India over the next five years.
- Medicare patients who took GlaxoSmithKline's Avandia may have suffered as many as 48,000 heart attacks: FDA scientist.
- Navistar posts surprise profit of $30M as margins widen, tax recovery in Brazil.
- Thor Industries' Q3 profit jumped from year-ago's $2.1M to $34.1M as revs rose 64%.
- Toys 'R' Us' Q1 loss widened to $55M on higher interest expenses. Revs up 5.3%.
- TPG buying software firm Vertafore for $1.4B.
- UK speaks out in defense of BP amid heightened criticism from US.
Source: ZeroHedge
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