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Friday, January 20, 2012

Business Today: Futures drop after GE, Google results

Reuters
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01/20/2012
News Good Morning
LATEST NEWS
Futures drop after GE, Google results
NEW YORK (Reuters) - Stock index futures dipped on Friday, indicating the S&P 500 may snap a three-day win streak after GE and Google results fell short of expectations and as investors eyed Greek debt talks for signs of progress. | Full Article
Greece, creditors edge closer to deal
January 20, 2012 08:17 AM ET
ATHENS (Reuters) - Greece and its private bondholders drew closer on Friday to a bond swap deal that would prevent the country from sinking into a chaotic default and ease the euro zone's debilitating debt crisis. | Full Article
GE revenue lower than expected
January 20, 2012 08:37 AM ET
(Reuters) - General Electric Co's fourth-quarter revenue fell short of Wall Street expectations because of slower-than-expected growth in Europe, sending its shares down 2.5 percent in premarket trading. | Full Article
Analysis: Italy refunding ordeal looks a little less daunting
January 20, 2012 04:33 AM ET
MILAN (Reuters) - Italy's goal of refinancing some 90 billion euros of long-term debt by the end of April is beginning to look within reach after months when the weight of its debt burden looked likely to tip the euro zone even deeper into crisis. | Full Article
Schlumberger posts profit jump
January 20, 2012 07:56 AM ET
(Reuters) - Schlumberger Ltd , the world's largest oilfield services company, reported a 36 percent rise in quarterly earnings, beating Wall Street forecasts, but it warned that Europe's debt crisis could hurt economic growth and trim oil demand. | Full Article
US TOP NEWS
Sharp clashes at Republican debate ahead of vote
January 20, 2012 12:21 AM ET
CHARLESTON, South Carolina (Reuters) - Republican presidential candidates tore into each other on Thursday and Newt Gingrich snarled at the CNN moderator in a raucous debate two days before the South Carolina primary, which may decide the nomination race. | Full Article
Violence keeps Syria on edge, Arab mission in doubt
January 20, 2012 06:54 AM ET
AMMAN (Reuters) - Scattered violence broke out on Friday in Syria, where Arab peace monitors have completed a month-long mission, ahead of Muslim prayers that are often followed by demonstrations for and against President Bashar al-Assad. | Full Article
Google results fall short, rare miss hurts shares
January 19, 2012 09:02 PM ET
SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell short of Wall Street's heightened expectations for the holiday season as declining search advertising rates contributed to a rare miss, triggering a 9 percent slide in its shares. | Full Article
Insight: Top Justice officials connected to mortgage banks
January 20, 2012 07:22 AM ET
(Reuters) - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows. | Full Article
U.S. shuts Megaupload.com, hackers retaliate
January 20, 2012 12:42 AM ET
(Reuters) - The U.S. government shut down the Megaupload.com content sharing website, charging its founders and several employees with massive copyright infringement, the latest skirmish in a high-profile battle against piracy of movies and music. | Full Article
HEALTH NEWS
Analysis: Goal for Alzheimer's drug by 2025 too ambitious?
U.S. indoor tanning tax having mixed effects
EU agency issues guideline on biosimilar MS drugs
One in five American adults mentally ill in past year
More labs close to deadly bird flu mutations: researcher
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