* BANK RECAPS: Germany wants bank recapitalization deal by early 2012 (Welt).
* US: Treasury Secretary Timothy Geithner will tell lawmakers that the European financial crisis is increasing risks to global growth, according to testimony prepared for delivery tomorrow.
* DEUTSCHE BOERSE: The company received a document of more than 130 pages on Wednesday outlining the European Union’s specific concerns over the German exchange’s $9 billion deal to buy its U.S.-based counterpart.
* SIEMENS: Enterprise Communications Inc, a provider of communications equipment and software to corporations, is seeing demand stabilize after a severe collapse in orders earlier this year, according to the company’s chief executive officer. Siemens owns 49 percent in the company.
* EADS: The company’s Airbus unit said it may help customers with aircraft financing if the euro debt crisis makes it necessary as concerns grow about European banks’ ability to fund increasing plane orders.
* SMA SOLAR: The company’s CEO told German business daily Handelsblatt he did not rule out the global photovoltaic market could stagnate next year.
* PORSCHE, VOLKSWAGEN: The companies’ synergies may be higher than EU700m a year when merger completed: Handelsblatt
* RWE: Gazprom making headway in negotiations for Gazprom to enter German power market: Sueddeutsche
* ENI: Reuters reporting that Eni’s operations manager in Libya has said the company’s Elephant field (33.3% Eni) in Libya is “in ruins” and that the company cannot promise the field will start before the end of the year. However, the article also states an Eni spokeswoman in Italy later said the group had no information of any serious damage to the field.
* TOTAL: The company’s Zaedyus oil field in French Guiana and its Aquio deposit in Bolivia each hold at least 500 million barrels of oil or equivalents, Denis Palluat de Besset, head of the company’s Brazilian unit, said at an event in Rio de Janeiro.
* ROYAL DUTCH SHELL: Total SA and Royal Dutch Shell Plc plan to start drilling a second well at the BM-S-54 block in Brazil’s southeastern Santos Basin within “weeks,” Denis Palluat Besset, head of Total’s Brazil unit, said in Rio de Janeiro today.
* VINCI: The construction company said it won a 237 million-euro contract to build a hospital complex in New Caledonia beginning in January.
* UPGRADES: Occidental, Talisman (JPM). FirstRand (HSBC). Erste (Citi). EasyJet, RyanAir (CS). TUI (MS). Thales (GS).
* DOWNGRADES: Teleperformance (UBS). Dynergy (Macquarie). Next (Barcap). Mistras (Robert Baird). Dexia (Natixis). Exxon, Chevron (JPM). Campari (SocGen).
* CORP DIARY: Aer Lingus Analyst Day, ASOS Plc AGM, Compass Group Q4 Pre-close Trading Statement, H & M Q3 Results, ICAP plc FY Trading Statement, London Stock Exchange Pre-close Statement, Renault SA AGM, Ryanair AGM, SEB AGM Home
* MACRO DIARY: UK – Halifax House Price (8:00). GE – Factory Orders (11:00). BoE Rates (12:00). ECB Rates (12:45). US – Initial Jobless Claims (13:30), Continuing Claims (13:30). Speakers: Trichet (13:30), Fed’s Fisher (16:00).