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Wednesday, October 26, 2011

Before the Bell: Stock futures rise ahead of European summit

Reuters
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10/26/2011
News Good Morning
LATEST NEWS
Stock futures rise ahead of European summit
NEW YORK (Reuters) - Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about the results of a meeting of European leaders to tackle the region's debt crisis. | Full Article
Incoming ECB head gives euro zone pre-summit boost
October 26, 2011 07:46 AM ET
BRUSSELS/ROME (Reuters) - The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil. | Full Article
Ford profit beats Street; focus now on dividend
October 26, 2011 07:20 AM ET
DETROIT (Reuters) - Ford Motor Co reported lower third-quarter earnings after accounting for hedging against commodity price increases that did not materialize. | Full Article
Olympus head quits; watchdog probes firm on disclosure
October 26, 2011 07:54 AM ET
TOKYO (Reuters) - Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value, but his successor stuck with the company's line that it had done nothing wrong. | Full Article
Mortgage applications bounced last week: MBA
October 26, 2011 07:09 AM ET
NEW YORK (Reuters) - Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said on Wednesday. | Full Article
US TOP NEWS
Ex-Goldman director to face criminal charges: source
October 25, 2011 11:32 PM ET
NEW YORK (Reuters) - A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said. | Full Article
Amazon.com shares slump as costs weigh on outlook
October 26, 2011 07:40 AM ET
(Reuters) - Shares of Amazon.com Inc fell 13 percent in pre-market trade on Wednesday, a day after the company forecast a disappointing outlook for the current quarter on costs related to Kindle and other investments to grow the company. | Full Article
Libyans seek further NATO help
October 26, 2011 07:10 AM ET
TRIPOLI (Reuters) - Libya's interim leader urged NATO on Wednesday to maintain its involvement in the country until the end of the year, though the Western military alliance that helped topple Muammar Gaddafi is keen to wind up its formal mission within days. | Full Article
Woman rescued three days after Turkey quake
October 26, 2011 07:44 AM ET
ERCIS Turkey (Reuters) - Emergency workers rescued a 27-year-old woman alive from a collapsed building on Wednesday, three days after an earthquake killed more than 400 people in eastern Turkey, but hopes of finding more survivors faded and some teams were suspending searches. | Full Article
IBM taps Rometty to succeed Palmisano as CEO
October 25, 2011 07:47 PM ET
(Reuters) - IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today. | Full Article
HEALTH NEWS
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