FMX | Connect – www.fmxconnect.com - (Reported 5/12/2010)
- Argentina backs off $1B global bond sale plan after surge in yields.
- Asian stocks rise on Toyota profit forecast, record gold price.
- European stocks rise as earnings reports outweigh national deficit concern.
- German economy unexpectedly grew in first quarter on exports, investments.
- Gold climbs to record for second day as Euro risk fuels demand.
- Osborne to set out $9B in emergency UK budget cuts within 50 days.
- Barclays agreed to settle a lawsuit in Singapore with Pagoda Partners for failing to a S$365,000 ($264,000) fee for a banker it hired from Merrill Lynch
- Church & Dwight Co.'s Q1 earnings rose 28% to $80M on improved sales and margins.
- E.ON AG's Q1 net falls 7.3% to €2.28B on €900M in impairment charges. Revs up 1.1%.
- easyJet posted a narrower net loss in H1, lowers FY f'casts on disruption to air travel from volcanic activity in Iceland.
- Electronic Arts reports Q4 EPS of $0.07 (cons $0.05); revs rose 39.6% to $850M.
- Electronic Arts sees April industry sales down sharply.
- Blackstone, Thomas H. Lee Partners and TPG Capital are in talks to pay more than $15 billion including debt for Fidelity National Information Services.
- French-Belgian bank, Dexia SA's, Q1 net down 14% at €216M; exposure to Greece at €3.7B.
- GM may return to auto-lending business more than 3 years after selling control of GMAC.
- Google in talks with Verizon to develop a tablet computer to compete with iPad.
- Group incl Blackstone, in talks to pay more than $15B including debt for Fidelity National Information Services Inc.
- ING posts first-quarter profit of $1.68B, beating analyst estimates.
- InterContinental Hotels' Q1 net doubled to $54M as revs rose 3.1% to $362M.
- Massey Energy receives court approval to acquire Northern Appalachia coal reserves.
- Morgan Stanley denies allegations it misled mortgage-derivatives investors.
- Nissan posts $125M Q4 loss; analysts estimated profit.
- Triad Guaranty Q1 loss narrows to $27.8M; Needs $733M (up 17%) more for obligations.
- Walt Disney beats by $0.02, reports Q2 EPS of $0.48. Revs rose 6.1% to $8.58B.
Source: ZeroHedge
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