2. MGM files for bankruptcy cover
 Metro-Goldwyn-Mayer Studios Inc, one of Hollywood's
most-storied film studios , filed for bankruptcy protection
on Wednesday after struggling for years to reduce its debt
load.
 The filing follows last week's vote by MGM creditors to put
founders of Spyglass Entertainment at the company's
helm, dealing a blow to Lions Gate Entertainment Corp's
own merger proposal.
 The "pre-packaged" plan would allow MGM secured
lenders including Credit Suisse Group AG and JPMorgan
Chase & Co to swap more than $4 billion of debt for most
of the equity in a reorganized company.

3. Sensex up 0.9 per cent; Coal
India leaps on debut
 Indian shares rose 0.9 percent in early trade on
Thursday, on an upbeat listing for Coal India, the
country's largest ever share offering, with strong Asian
markets supporting sentiment.
 At 9:16 a.m. (0346 GMT), the 30-share BSE index was
up 0.85 percent at 20,639.47 points, with all
components advancing.
 Shares in Coal India, the world's largest coal miner,
opened at 295.70 rupees compared with an issue price
of 245 rupees, after the Indian government raised $3.4
billion.
 The stock extended gains and was trading at 315
rupees. The 50-share NSE index was up 0.8 percent at
6,210.70.

4. Panasonic invests $30 million
in Tesla
 Panasonic Corp. said Thursday it has invested $30
million in Tesla Motors Inc., the US maker of electric
sports cars, eyeing an expansion in the global market
for electric vehicles.
 Panasonic, Japan's biggest home appliance maker,
said it will acquire about a 2 percent stake in Tesla.
Panasonic said the two firms will jointly market battery
packs for electric cars.
 Apart from Panasonic, Toyota Motor Corp. already has
invested $50 million in the high-end electric car maker.
Toyota, the world's No. 1 automaker, has also signed a
$60 million contract to have Tesla help develop an
electric version of Toyota's RAV4 crossover vehicle.

5. Fed move may boost FII
flow
 The US Fed's expected stimulus package to revive
the world's largest economy could lead to another
strong flow of funds into the Indian market in the
short run, boosting stock prices , but in the long
run this could make the Indian market risky.
 Even RBI governor D Subbarao on Tuesday
mentioned the possibility of huge inflows, via debt
and market routes.

6. World Bank raises China GDP
outlook
 The World Bank on Wednesday raised its forecasts for
economic growth in China this year and next, saying
that strong domestic fundamentals will help offset an
expected slowdown in the global economy.
 In a quarterly update on China’s economy, it said the
world’s second-largest economy would likely grow by
10% this year, up from an earlier forecast of 9.5%. Next
year’s estimate was lifted to 8.7% from 8.5%.
 Food price increases, a key driver of inflation in China,
will decelerate, global commodity prices will be
subdued and labour-market flexibility will contain core
inflation.