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Tuesday, November 13, 2012

Business Today: Stock futures dip on "cliff" fears, Home Depot rises

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11/13/2012
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 dip on "cliff" fears, Home Depot rises
NEW YORK (Reuters) - Stock index futures fell on Tuesday amid investor concern about the looming U.S. "fiscal cliff" debate and how a lack of agreement in Congress could hurt the nation's economy.
Home Depot profit beats as housing market improves
(Reuters) - Home Depot Inc reported a higher-than-expected quarterly profit on Tuesday and raised its full-year outlook as the world's largest home improvement chain benefited from a recent uptick in the U.S. housing market.
EU, IMF clash over Greece revives debt crisis fears
BRUSSELS (Reuters) - A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears that the crisis could flare up anew.
Opel unions say no Ford-style overhaul imminent
FRANKFURT (Reuters) - Ford's decision to close three factories and cull 5,700 jobs in Europe will not serve as a blueprint for General Motors' Opel unit, where upcoming cuts will be far milder, the German carmaker's top labour leader said.
BP freed for further Rosneft co-operation
LONDON/MOSCOW (Reuters) - British oil company BP took a further step towards closer ties with Russian state oil company Rosneft on Tuesday as the partners in its existing venture in the oil-rich country dropped their opposition to the tie-up.
Vodafone takes 6 billion pound writedown on Europe
LONDON (Reuters) - Vodafone wrote down the value of its business in Spain and Italy by 5.9 billion pounds ($9.4 billion) and lowered its full-year outlook on Tuesday after reporting its first fall since 2010 in its key organic service revenue metric.
Analysis: Oil service titans gaining power vs Big Oil
(Reuters) - Albert Einstein once wrote that he would rather have been a plumber than a physicist because of the independence it would allow him. Faced with the growing power of big oilfield service firms - playfully derided as "plumbers" by some in the industry - many oil men might now feel the same way.
Microsoft and Google financials could surface at trial
(Reuters) - Microsoft and Google's Motorola Mobility unit are set to square off on Tuesday at a trial with strategic implications for the smartphone patent wars and which could reveal financial information the two companies usually keep under wraps.
GE, Pickens' Clean Energy in natural-gas supply deal for trucks
(Reuters) - General Electric Co reached a deal to sell equipment to Clean Energy Fuels Corp , which is building out a series of liquefied natural gas fueling stations for U.S. truckers.
Analysis: Tough task for Portugal to match Ireland's bond success
DUBLIN/LISBON (Reuters) - Portugal is going to have a tough time following fellow euro zone bailout beneficiary Ireland's route back into the bond markets.
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