FMX | Connect – www.fmxconnect.com - (Reported 5/24/2010)

• April sales of previously owned homes likely got a big boost from tax incentives.
• Asia stocks gain as China rises most in seven months on policy speculation.
• China presses US to end tech export controls.
• China shares up as fears of tighter policy ease amid hopes of rising yuan.
• Corn futures advances on speculation that China may boost imports from the U.S.
• Defaults on apartment-building mortgages held by US banks climbed to a record 4.6% in Q1.
• Dubai officials lay out need for financial reform following the credit crisis.
• Euro falls, ends 3-day gain, on concern debt crisis to spread.
• European debt crisis won't derail global recovery, Geithner to tell China.
• Fed's Dudley sees slow US recovery, signs of 'significant' labor growth.
• Pres Hu says China to move gradually, independently on Yuan changes.
• Recovery in US strengthens as consumer spending rebounds, economists say.
• US home buyers get surprise boost from Europe crisis as home loans rates drop below 5%.
• Ann Taylor swings to Q1 profit of $22.6M; revs up 12% at $476.2M.
• Aspen Pharmacare offers to acquire Sigma Pharmaceuticals for $1.24B.
• British Airways posted its second straight year of losses; expects to break even this year.
• Campbell's May net income declines from $174M last year to $168M this year.
• GM reached a labor deal considered critical to the restructuring of its ailing Opel unit in Europe.
• Goldman Sachs, SEC aren't close to reaching a settlement to end the fraud lawsuit against the co.
• Harris to acquire CapRock Communications for $525M in cash.
• Hibbett Sports' Q1 profit jumps 59% as sales, margins grow.
• Johnson Controls offers $1.25B for auto interiors and electronics business at Visteon.
• L-3 Comm initiates full redemption for its $400M 6 1/8% sr. subordinated notes due 2014, 2013.
• Lexmark to acquire Perceptive Software in a cash transaction valued at ~$280M.
• Nokia Siemens Networks aims for an operating profit margin between 3.1-3.4B euros for the current quarter.
• PepsiCo plans to invest $2.5B in China over the next three years, on top of $1B invested since 2008.
• Spain's central bank moved to take over Church-controlled savings bank Cajasur.
• StatoilHydro to sell its 40% share on the Peregrinio field to Sinochem for $3.07B.
• Telecom NZ considering spinning off its network company Chorus.

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