Solid economic data helped propel US stocks yesterday, with the Dow posting an impressive 350-point gain – WSJ and Bloomberg

Honeywell has again dropped its merger overtures to United Technologies, a move UT presumably welcomes after repeatedly citing the antitrust concerns it believes would’ve blocked such a merger – NYTimes and WSJ

Treasury Secretary Jack Lew is doing his part to assure the rest of the world that he doesn’t expect China to engineer a “major devaluation of the yuan,” even as it copes with “a slowdown in output and an overhaul of its growth policies” – WSJ

Breakingviews offers a bit of unsolicited advice to Wells Fargo today: forget about Jamie Dimon’s taunting and stay out of the “perilous terrain of global investment banking” – NYTimes

Moody’s dropped a few bombs yesterday, cutting China’s credit outlook from stable to negative and warning of rising defaults on corporate debt – WSJ

Ocwen has revealed that it’s facing another SEC investigation, just “weeks after the firm paid a $2 million settlement over its financial reporting practices” – Law360

Having trouble wrapping your head around stock exchange prices these days?  Don’t worry, you’re in really good company – NYTimes

There are, unsurprisingly, grumblings of discontent from Argentina’s holdout hedge fund settlement, and they’re coming from the small bondholders who haven’t agreed to be a part of the $4.65 billion deal – NYTimes and WSJ

With Dave gone, my late night alliances now lie squarely with Stephen, but this solid Journal profile does a nice job of showing why the Late Late Show’s James Corden has, perhaps a bit unexpectedly, done quite well for himself in the post LSSC spot [bits like this aren’t hurting the cause, either] – WSJ