Daily Highlights: 11.3.09

• China said to plan review of developer loans on concern at surging prices.
• EU raises 2010 GDP forecast as deficits, jobless soar.
• Euro higher to $1.4800 in European morning trade as ECB expected to hold rate.
• IMF sold 200 metric tons of gold to India's central bank for about $6.7B.
• Korean Won leads Asia currency gains as US data spurs demand for higher yields.
• Most Asian stocks fell as concern over the withdrawal of stimulus measures.
• Oil hovers near $78 in Asia as investors welcome positive US figures.
• US business bankruptcy filings jumped in Oct, reversing 2 consecutive months of declines.
• AIG's Q3 estimates tripled by Credit Suisse on gains in investments, incl in hedge funds.
• Aviva plans to raise $1.8B selling shares of its Dutch unit Delta Lloyd NV in an IPO.
• BMW 3Q net profit falls 74 percent to $115 million as recession saps car sales.
• Burlington Northern to be purchased by Buffett.
• Chesapeake Energy's Q3 net falls 94% on $166M hedging loss, lower revenues.
• Chinese invt group acquires Delphi Corp.'s brake and suspension unit for about $100M.
• Cisco to buy set-top box business of DVN (Holdings) Ltd. of China, for up to $44.5M.
• Clorox beats by $0.16, posts Q1 EPS at $1.11. Revs fell 0.9% to $1.37B.
• CNOOC considering building battery-changing stations for electric vehicles.
• Commerzbank posts Q3 loss of $1.55B, on charges related to Dresdner Bank acquisition.
• Constellation Brands in talks to merge its Australian, UK ops with rival Australian Vintage.
• Duke Energy in talks with Chinese cos on US power investments, for Latin America ops.
• Ford has earnings of $997M, says 2011 will be 'solidly profitable'.
• Ford to raise $3.3B, while paying down and pushing back the maturity of a $10.7B credit line.
• Humana's Q3 net rises 65% to $301.6M on boosts from Medicare Advantage program.
• Lloyds to raise $34B to avoid control by U.K.
• Loews, CNA insurance unit swung to profits in Q3 on significantly lower investment losses.
• Qwest Communications to save $100M via pension, pay freeze.
• Southern Co. to sell about $2.5B of debt next year to refinance existing borrowings.
• Taxpayers unlikely to recover their investment in GM, Chrysler: govt investigators.
• Toyota's October U.S. sales fell from a year earlier, a senior executive said Monday.
• UBS reports fourth straight quarterly loss, missing analysts' estimates.
• UTS Energy to sell for $231M its 50% stake in oil sands leases to Imperial Oil and Exxon Mobil.

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