FMX | Connect – www.fmxconnect.com - (Reported 5/25/2010)
- Britain's 1Q GDP growth revised upward to 0.3 percent from 0.2 percent.
- China cabinet agency urges action against rising food prices as higher inflation lurks.
- China, US sidestep Yuan confrontation as Europe dominates Beijing talks.
- Credit risk soars as Korea tension, Euro slump spook investors.
- Denmark reaches deal to trim public spending by $4.37 billion over 3 years.
- EU economy chief warns Europe will stagnate without major economic reforms
- European banks forced to pay more for short-term dollar borrowings than banks in US, Asia.
- Greece may put SNB's Hildebrand on losing side of Franc intervention fight.
- Home prices, consumer confidence in US probably increased; Bloomberg survey.
- N Korea's Kim Jong Il ordered military to prepare for combat last week, group says.
- Offshore drillers face more government and higher costs.
- Oil drops to near $68 in Asia as traders eye falling stocks markets, euro.
- Shanghai, China’s richest city, will introduce a property tax policy on a trial basis next month.
- Spanish savings banks plan 4-way merger combining $167B assets.
- US existing-homes sales increased in April for the second month in a row.
- World stocks fall sharply amid Europe debt worries as euro continues slide.
- BP had key role in Exxon Valdez disaster in Alaska.
- British Airways hit by 2nd day of crew strike.
- Cliffs Natural Resources proposes to acquire KWG Resources and/or Spider Resources.
- Donaldson Co.'s Q3 net jumps 86% to $49.5M as revenues increased by 20% to $497.6M.
- Ford plans to make more of the components for its hybrid and electric vehicles in the US.
- Gentiva Health Srvcs to acquire Odyssey HealthCare for about $1B.
- IBM agreed to purchase software maker Sterling Commerce from AT&T Inc. for $1.4B.
- Japan's Rakuten is buying Buy.com of the U.S. for $250M.
- Marriott signed management agreements for seven high-end hotels in China.
- Phillips-Van Heusen swung to Q1 loss of $27.6M on charges related to Tommy Hilfiger buyout.
- Prudential Plc shares fall in Hong Kong debut ahead of equity sale to fund AIA.
- Toyota suspends sales of Lexus LS on recall.
- Walt Disney formally terminated negotiations to buy back Miramax Films.
Source: ZeroHedge
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