Courtesy of Tyler Durden
- Asian stocks decline on Europe debt concerns, South Korea artillery drill.
- BOE forecast to raise interest rate within 6 months: Confederation of British Industry.
- China drugmakers tumble after report medicine prices to be slashed by 40%.
- China’s stocks plunge most in month on North Korea, interest-rate concerns.
- Crude oil trades near $88 a barrel on bets US recovery will raise demand.
- Power cuts and rationing hitting parts of central, northern China amid coal shortage.
- Relative yields on European investment-grade company bonds are the highest ever compared with US debt as the region’s deficit crisis worsens.
- South Korea imposes bank levy to reduce capital volatility.
- Alberto Culver shareholders OK $3.7B Unilever deal.
- AT&T to pay QualComm $1.93B for licenses.
- AT&T board approved a new stock buyback plan of 300M shares.
- Blackstone to refinances $7B of debt tied to its 2007 acquisition of Equity Office Props.
- BMO Financial to buy Marshall & Ilsley for $4.1B in stock deal.
- Carl Icahn reported a 5.8% stake in Chesapeake Energy Corp. late Friday.
- CVC, which bought a minority stake in Abertis Infraestructuras, prepares €12B takeover bid for the company.
- Danaher Corp., Thermo Fisher among others considering offers for Beckman Coulter Inc.
- Former Dell Global Supply Manager Devore pleads guilty; admits leaking inside information to clients of Guidepoint.
- Deutsche Bank has received at least 11 bids for its Indian credit card business.
- E&Y faces NY civil fraud charges for its alleged role in the collapse of Lehman Bros.
- JPMorgan buys the former offices of Lehman Brothers in London’s Canary Wharf district for $769M.
- Hynix Semiconductor Inc.’s CEO expects chip prices to continue to fall early next year.
- KKR ended talks to buy Perpetual Ltd. for at least $1.73B; fail to agree on offer.
- Raytheon to pay $490M for Applied Signal.
- Sara Lee talks with JBS on sale of company are said to hit snag on price.
- Sasol Ltd. will pay $1.04B for a stake in Talisman Energy Inc.’s shale gas assets.
- Shell is preparing 3 exploration plans to meet new requirements for deep-water wells in GOM.
- Sony aims to boost TV sales, return unit to profitability in 2011.
Earnings Calendar: ADBE, CPY, CTAS, DRI, FSII, JBL, NAV, PNY, RHT, TIBX.
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Data provided by Egan-Jones