- Asian stocks fall on commodity price decline, Hong Kong's property curbs.
- China sees faster production gains in fourth quarter.
- China state fund investing $500 million in Canada-based coal miner in Mongolia.
- Dollar falls as China Output report sparks demand for high-yielding assets.
- EU approves Pepsi bottlers merger, no concerns of dominance in Europe.
- Euro rises to $1.4905 in European morning trade.
- Milk glut has dairy farmers killing hundreds of thousands of cows to reduce demand.
- Oil lingers below $79 in Asia as investors eye volatile US dollar.
- OPEC may increase production targets in Dec as oil rises above $75/bbl: Group President.
- Akzo Nobel reported a surprise increase in Q3 net helped by cost cutting measures.
- Ares Capital Corp. to buy Allied Capital Corp. for about $648M in stock.
- BP's Q3 earnings decline 34% to $5.34B on lower oil prices amid weak refining margins.
- Canon's Q3 net falls 55% to $399.5M as revs tumbled 22%.
- Caterpillar starts rehiring, expects demand increases in the coming months.
- Dassault Systemes to buy part of IBM's sales and customer support ops for $600M cash.
- DryShips reported Q3 revenue of $228.2M, exceeding cons. est. by 8.4%.
- FairPoint Communications files for bankruptcy with plan to cut debt.
- Honda triples full-year profit forecast on Japan, China stimulus measures.
- IAC/ Interactive's Sept. results: $15M loss last year and $22M gain this year.
- Johnson Control's Sept. net income rose from $16M last year to $300M this year.
- Limited Brands expects Oct same-store sales declines to be negative low-to-mid single digits.
- Lloyds said to gauge investor interest in $37B investment package.
- Michelin's Q3 revenue falls 11% to €3.75B, targets positive free cash flow for 2H.
- United Technologies said to lead bidding for GE Security unit.
- US Steel's Sept. net income declines from a $919M gain last year to a $303M loss this year.
- Verizon said profit fell 30% to $1.18B on higher merger and restructuring costs.
- VF Corp.'s Sept. net income drops from $234M last year to $218M this year.
- Winn-Dixie Stores reduced Y09 f'casts, sees EBITDA at most at $160M.
Economic Calendar: Data on Durable Orders, CaseShiller Home Price Index to be released today.
Earnings Calendar: ACE, ACTL, AGCO, AJG, AKS, APOL, BEAV, BEN, BP, BYD, CAS, CE, CHE, CNC, CQB, CVG, DAI, ECL, ETFC, FISV, HMC, IACI, MCK, RYN, TXT, V, VLO, WYNN.
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