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Tuesday, January 10, 2012

Business Today: Stock futures jump as Alcoa outlook boosts commods

Reuters
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01/10/2012
News Good Morning
LATEST NEWS
Stock futures jump as Alcoa outlook boosts commods
NEW YORK (Reuters) - U.S. stock index futures jumped on Tuesday after a bullish Alcoa forecast boosted the outlook for the commodities sector, signaling a stronger global economy. | Full Article
Olympus sues execs over scandal, shares surge
January 10, 2012 06:32 AM ET
TOKYO (Reuters) - Japan's disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation's worst accounting scandals. | Full Article
Tiffany holiday sales weaken; Zale, Signet rise
January 10, 2012 08:34 AM ET
(Reuters) - Tiffany & Co sales over the holiday season weakened markedly in the United States and Europe, prompting the upscale jeweler to lower its full-year profit forecast and sending its shares down nearly 8 percent in premarket trading. | Full Article
Forex trade emails cast doubt on SNB's Hildebrand
January 10, 2012 08:36 AM ET
ZURICH (Reuters) - The supervisory council of the Swiss National Bank forced Philipp Hildebrand to step down as chairman after emails about a currency trade by his wife failed to clear him of involvement in the deal, newspapers reported on Tuesday. | Full Article
Custody banks net short-selling gains from EU crisis
January 10, 2012 08:07 AM ET
LONDON (Reuters) - A group of specialist banks are profiting from Europe's financial crisis, thanks to a surge in demand for securities which allow traders to bet against bank stocks and government bonds. | Full Article
US TOP NEWS
Romney wrestles with GOP attacks on corporate past
January 10, 2012 08:17 AM ET
MANCHESTER, New Hampshire (Reuters) - Mitt Romney is poised to take a big step toward the Republican U.S. presidential nomination on Tuesday by capturing New Hampshire, hoping to ride out last-minute attacks from his rivals and recover from a self-inflicted wound. | Full Article
EU, Japan prepare for Iran oil embargo
January 10, 2012 08:34 AM ET
TEHRAN/VIENNA (Reuters) - Europe and Japan moved ahead on Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives. | Full Article
Syria's Assad vows "iron fist," mocks Arab League
January 10, 2012 08:19 AM ET
BEIRUT (Reuters) - Syrian President Bashar al-Assad vowed on Tuesday to strike "terrorists" with an iron fist and derided the Arab League for its attempts to halt violence in a 10-month-old revolt against his rule. | Full Article
SEC to put U.S. audit watchdog under microscope
January 10, 2012 07:07 AM ET
WASHINGTON (Reuters) - U.S. securities regulators will question the top U.S. audit watchdog about his budget and policy priorities on Wednesday, in a rare public meeting designed to shed more transparency on the agency that has tightened the screws on the auditing profession over the past year. | Full Article
Top Obama aide Daley steps down, budget chief takes over
January 09, 2012 07:39 PM ET
WASHINGTON (Reuters) - President Barack Obama announced an election year shake-up at the White House on Monday, choosing budget director Jack Lew to replace chief of staff Bill Daley, who resigned after a troubled one-year tenure. | Full Article
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