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Wednesday, October 31, 2012

Business Today: Stock futures imply higher open after historic closure

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10/31/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures imply higher open after historic closure
NEW YORK (Reuters) - Stock index futures pointed to a higher open on Wednesday as equity markets reopened after a damaging storm in the Northeast forced a two-day market closure.
Home improvement stocks set to lead S&P 500 after storm
NEW YORK (Reuters) - Stocks in home improvement chains looked set to lead the S&P 500 index higher on Wednesday as investors bet on reconstruction efforts following the devastating impact of hurricane Sandy on millions of homes on the east coast of the United States.
GM posts profit, sees break even in Europe by mid-decade
DETROIT (Reuters) - General Motors Co posted a surprisingly strong profit on Wednesday and said it was targeting a return to break-even levels in its European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.
MasterCard third-quarter profit rises but purchase growth slows
(Reuters) - MasterCard Inc , the world's second-largest credit and debit card network, reported an 8 percent rise in quarterly profit but worldwide purchase volume growth slowed to the lowest level in six quarters .
Barclays hit by fresh U.S. investigations
LONDON (Reuters) - Barclays, already rocked by an interest rate rigging scandal, unveiled new U.S. regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.
More than 760,000 Con Ed customers in NYC still without power
(Reuters) - New York power company Consolidated Edison Inc said Wednesday it had restored power to over 160,000 of the 930,000 total customers knocked out by Hurricane Sandy, leaving about 764,000 still without power.
Clorox posts higher profit, stands by 2013 view
(Reuters) - Clorox Co posted a higher quarterly profit and maintained its forecast for the fiscal year on Wednesday, buoyed by price increases on products such as bleach, as well as by cost cuts.
Eaton profit falls 5 percent, misses Wall Street estimates
NEW YORK (Reuters) - U.S. manufacturer Eaton Corp reported lower-than-expected quarterly profit on Wednesday, as weaker results in units that supply auto, plane and truck industries offset strength in electrical businesses, and the company said its markets are growing more slowly than it had expected.
PVH takes control of Calvin Klein clothing with Warnaco buy
(Reuters) - PVH Corp will buy lingerie and sportswear maker Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal to bring the Calvin Klein clothing brand under one roof.
Accenture targets jobs cuts in Finland: YLE
HELSINKI (Reuters) - IT services supplier Accenture will next week start layoff talks in Finland and aims to cut up to 330 jobs, the country's national broadcaster YLE said on Wednesday.
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