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Thursday, January 19, 2012

Business Today: Stock futures up after bank earnings, euro zone auctions

Reuters
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01/19/2012
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LATEST NEWS
Stock futures up after bank earnings, euro zone auctions
NEW YORK (Reuters) - Stock index futures rose on Thursday after Bank of America and Morgan Stanley reported earnings and as strong demand at European bond auctions reflected improved risk appetite. | Full Article
Jobless claims drop near four-year low
January 19, 2012 08:34 AM ET
WASHINGTON (Reuters) - New applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market. | Full Article
Housing starts drop more than expected in December
January 19, 2012 08:36 AM ET
WASHINGTON (Reuters) - Housing starts fell in December as groundbreaking on rental property posted a big decline, splashing some cold water on hopes the still-weak housing sector could boost economic growth this year. | Full Article
Bank of America posts fourth-quarter profit
January 19, 2012 08:11 AM ET
(Reuters) - Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans. | Full Article
Morgan Stanley posts Q4 loss but beats Street
January 19, 2012 08:38 AM ET
(Reuters) - Morgan Stanley lost money in the fourth quarter due to a special charge, but performed better than analysts had expected, sending its shares higher in premarket trading. | Full Article
US TOP NEWS
Kodak files for bankruptcy, secures $950 million lifeline
January 19, 2012 02:34 AM ET
(Reuters) - Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies. | Full Article
In Bain deals, Romney gave stock to Mormon church
January 18, 2012 08:55 PM ET
WASHINGTON (Reuters) - Using a practice that made him eligible for large tax deductions, Mitt Romney gave the Mormon church substantial stock holdings that he obtained through his private equity firm, according to documents filed with the government and to Romney associates. | Full Article
IMF seeks $600 billion in new funds, G20 to discuss
January 19, 2012 06:53 AM ET
WASHINGTON/MEXICO CITY (Reuters) - The IMF is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the plan faces roadblocks from the United States and other countries. | Full Article
News Corp admits guilt, settles hacking claims
January 19, 2012 08:16 AM ET
LONDON (Reuters) - The British newspaper arm of Rupert Murdoch's News Corp looks set to settle at great expense a string of legal claims after admitting wide-scale phone hacking that was both known about and concealed by senior management. | Full Article
Spain passes key bond test, France also in demand
January 19, 2012 08:13 AM ET
MADRID (Reuters) - Spain passed its biggest test of market sentiment so far this year on Thursday, selling far more longer-term debt than expected as the government pressed ahead with efforts to tackle its problems with the help of a European Central Bank backstop. | Full Article
HEALTH NEWS
One in five Americans mentally ill in past year: study
U.S. rebuffs AstraZeneca, Bristol on diabetes drug
Implant boss says France "criminal" in recommending removal
Roche melanoma pill spurs growth of less harmful cancers
Breast milk courier helps Indonesian mums cope
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