Worldwide
Stocks, Euro, Commodities Rally on Speculation Greece Will Receive EU Help Stocks rallied, with emerging-market
equities recovering from the worst three-day slide in a year,
and the euro and commodities gained as European officials said
they were considering financial assistance for Greece.
Treasuries tumbled, while Greek bonds surged.
Germany Weighs Greek Aid as Market Drop Spurs Reversal on Eve of EU Summit German Finance Minister Wolfgang
Schaeuble will brief lawmakers today on steps he may take to
support the Greek government as it braces for a wave of strikes
protesting deficit-reduction plans.
Disney Profit Tops Analysts' Estimates on TV Gains, Stabilizing Parks Unit Walt Disney Co., the world’s biggest
media company, reported fiscal first-quarter profit that beat
analysts’ estimates as TV revenue rose and theme-park results
stabilized.
Commonwealth Bank Forecasts Stronger Demand for Loans After Record Profit Commonwealth Bank of Australia, the
nation’s biggest lender, forecast strengthening demand for loans
and fewer bad debts after posting record profit in its fiscal
first half as the financial crisis abates.
Honda Expands U.S. Recall to 378,758 More Autos to Fix Flaws in Air Bags Honda Motor Co., Japan’s second-
largest automaker, for a second time expanded a U.S. recall for
air bags that can deploy with too much pressure, adding 378,758
vehicles.
Australia Stocks, Japan Futures Advance as Greece Concern Eases; BHP Gains Australian stocks and Japan’s
futures rose after European officials said they may help Greece
grapple with its budget deficit, easing concern a sovereign
default will cripple the region’s economic recovery.
Temasek Plans $3 Billion Hedge Fund to Boost Returns, AsianInvestor Says Temasek Holdings Pte is planning a
$3 billion hedge fund, AsianInvestor reported on its Web site,
without saying where it got the information.
Obama's Labor Board Nomination Held Up as U.S. Senate Fails to End Debate President Barack Obama’s nomination of
union lawyer Craig Becker to the National Labor Relations Board
was dealt a setback as the Senate failed to garner enough votes
to proceed to a confirmation.
Greek Strikes to Paralyze Athens as Papandreou's Deficit Drive Challenged Prime Minister George Papandreou’s
drive to get Greece’s ballooning budget under control will be
challenged in the streets today as striking labor unions shut
down schools, hospitals and flights.
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