Updated throughout the day

Updated 8.47 AM EST  Yelp rejected a $700 million bid from Microsoft (NASDAQ:MSFT). (BusinessWeek)

Toyota (NYSE:TM) is preparing Prius recalls in the US and Europe (Reuters)

Disney (NYSE:DIS) and Google (NASDAQ:GOOG) will buy China’s largest in-bus advertising firm. (Reuters).

Lionsgate may buy Miramax from Disney (NYSE:DIS) (NYPost).

China Huaneng Group, China’s largest wind
power company may go public. Morgan Stanley (NYSE:MS) and Goldman Sachs will help underwrite the deal (Bloomberg)

The US will not re-negotiate a deal with UBS under which the Swiss bank gave US regulators the names of clients who may have dodged federal taxes (Reuters)

JAL will keep its partnership with AMR (NYSE:AMR) and reject a competing offer from Delta (NYSE:DAL) (The Asahi Shimbun)

Douglas A. McIntyre