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Friday, October 28, 2011

Business Today: Futures down on profit-taking after rally

Reuters
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10/28/2011
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LATEST NEWS
Futures down on profit-taking after rally
NEW YORK (Reuters) - Stock index futures fell on Friday as investors took profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August. | Full Article
Consumer spending up in September on savings
October 28, 2011 08:35 AM ET
WASHINGTON (Reuters) - U.S. consumer spending rose in September as Americans saved less to fund purchases amid weak income growth, which could cast doubts over the durability of the third-quarter's economic growth spurt. | Full Article
Euro fund head sees no quick China deal
October 28, 2011 08:16 AM ET
BEIJING (Reuters) - The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund. | Full Article
More companies shed light on political spending
October 28, 2011 07:12 AM ET
WASHINGTON (Reuters) - More American companies are bending to shareholder pressure to reveal their spending to sway political campaigns despite court decisions allowing unfettered corporate cash in elections, according to a study released on Friday. | Full Article
Agbank says chairman Xiang resigns
October 28, 2011 06:38 AM ET
HONG KONG (Reuters) - Agricultural Bank of China Ltd , the country's third-largest bank by market value, said on Friday that its chairman, Xiang Junbo, has resigned. | Full Article
US TOP NEWS
HP ditches costly PC unit spin-off
October 27, 2011 07:48 PM ET
SAN FRANCISCO (Reuters) - Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business. | Full Article
Olympus risks lawsuits unless probe truly independent: TSE
October 28, 2011 05:23 AM ET
TOKYO (Reuters) - Olympus Corp risks possible lawsuits unless a planned probe of acquisitions at the heart of a scandal engulfing the endoscope maker is truly independent, the head of the Tokyo Stock Exchange warned Friday. | Full Article
Fresh post-vote clashes in cradle of Tunisia's revolt
October 28, 2011 08:05 AM ET
TUNIS (Reuters) - The leader of the Islamist party which won Tunisia's first free election appealed for calm in the town where the "Arab Spring" began, accusing forces linked to the ousted president of fanning violence there. | Full Article
ICC prosecutor in contact with Gaddafi's son over surrender
October 28, 2011 08:26 AM ET
AMSTERDAM (Reuters) - The International Criminal Court's prosecutor said Friday that his office was in "informal contact" with Muammar Gaddafi's son, Saif al-Islam, through intermediaries regarding his surrender to the war crimes court. | Full Article
Insight: Thai flood crisis puts swamped PM in firing line
October 28, 2011 01:43 AM ET
BANGKOK (Reuters) - In the early days of Thailand's devastating floods, Prime Minister Yingluck Shinawatra was seen knee-deep in muddy waters in wading boots, greeting evacuated villagers, surrounded by clicking cameras and appearing to take charge. | Full Article
HEALTH NEWS
Support waning for Obama healthcare law: poll
Aspirin slashes hereditary cancer risk in UK study
Medicare 2012 premium hike smaller than feared
Steroid medications tied to vitamin D deficiency
Alcohol linked to better survival after heart attack
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