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Friday, October 28, 2011

U.S. Top News Early Edition: Euro fund head: no quick China deal; Italy costs up

Reuters
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10/28/2011
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Euro fund head: no quick China deal; Italy costs up
BEIJING (Reuters) - The head of Europe's bailout fund sought financial support from China on Friday to help resolve the bloc's debt crisis, saying that while no quick deal was in sight he was still confident Beijing would keep buying bonds issued by his fund. | Full Article
Consumer spending up in September on savings
October 28, 2011 09:15 AM ET
WASHINGTON (Reuters) - Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the durability of the economy's third-quarter growth spurt. | Full Article
Wall St opens lower after 3 percent rally
October 28, 2011 09:35 AM ET
NEW YORK (Reuters) - Stocks opened lower on Friday as investors booked 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
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
Chevron profit jumps, tops Wall Street forecast
October 28, 2011 09:01 AM ET
(Reuters) - Chevron Corp said its quarterly earnings more than doubled, beating Wall Street forecasts, as the second-largest U.S. oil company benefited from high oil prices and strong refinery margins. | Full Article
BUSINESS NEWS
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
Merck profit beats forecast on impressive sales
October 28, 2011 07:24 AM ET
(Reuters) - Merck & Co's quarterly profit and sales beat forecasts as strong demand for the company's diabetes and asthma drugs offset a sharp decline for its Remicade arthritis drug. | Full Article
Metro seen cutting profit goal, CEO news eyed
October 28, 2011 08:56 AM ET
LONDON/FRANKFURT (Reuters) - Metro AG could become the latest European retailer to warn on profits next week, piling pressure on the German group to sort out a successor to Chief Executive Eckhard Cordes. | Full Article
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
Whirlpool takes axe to outlook, jobs
October 28, 2011 07:41 AM ET
(Reuters) - Whirlpool Corp , the world's largest maker of household appliances, is responding to "recessionary" demand in major developed markets by cutting jobs and manufacturing capacity, following a similar move by rival AB Electrolux . | 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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