image

ZH: Daily Highlights April 7, 2010



















  • Bank of Japan keeps benchmark rate at 0.1%, says recovery remains intact.
  • China said to consider Yuan trading versus Ruble, Won, Ringgit.
  • China said to sell three-year bills in signal interest rates may soon rise.
  • Euro-zone March composite PMI 55.9 vs. 53.7 Feb.
  • Fed sees inflation slowdown tempering need to reverse stimulus.
  • Greece may find lukewarm US reception to dollar bonds on deficit concern.
  • Oil declined from an 18-month high.
  • SEC wants tighter rules on asset-backed securities.
  • Stocks rise in Asia on speculation Fed will hold rates; Yuan Forwards gain.
  • US prosecutors will continue interviewing former AIG executive Joseph Cassano
  • Yen declines as prospects for Asian recovery spur yield demand.
  • AOL decides to either sell or shut down Bebo, as it scuttles a stalled effort to capitalize it.
  • Apollo drops bid to buy Cedar Fair amid shareholder objections.
  • AT&T fights pension suit; potential liability for Retirees' plan conversion est. at $2.3B.
  • Blackstone Group is challenging a California Public Employees’ Retirement System proposal to prohibit money managers from offering contingency fees.
  • CA Inc. plans to cut roughly 1,000 positions, to incur a pre-tax restructuring charge of $50M.
  • DirecTV Chairman John Malone will cut his voting stake in the company and leave the board, responding to regulatory concerns over his media ownership.
  • FTC likely to issue antitrust challenge to Google's proposed acquisition of AdMob.
  • Murdoch said newspaper publishers should prevent search engines like Google and Microsoft’s Bing from displaying full articles for free.
  • Peabody Energy may have to raise its bid after Macarthur Coal spurs $3.7B offer.
  • Renault-Nissan tie-up to take 3.1% stake in Daimler.
  • Santander, NAB, Virgin Money said to weigh bids for RBS's UK branch network.
  • TJX Cos. hikes dividend 25% to $0.15/sh, sees $1B share buyback in 2010.
  • UnitedHealth Group and Humana are among the insurers who will receive the same payment rates in 2011 as this year for health plans for the elderly.

 

Source: Zero Hedge