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Wednesday, November 5, 2014

Business Today: Stock futures imply higher open after midterm vote, ADP report

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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 midterm vote, ADP report
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Wednesday after the Republican Party took control of the Senate in the midterm elections, as expected, and following a report on the labor market that was stronger than expected.
U.S. private sector creates 230,000 jobs in October: ADP
NEW YORK (Reuters) - U.S. private employers added 230,000 jobs in October, the most since June and exceeding economists' expectations as mid-sized businesses added the most workers in more than seven years, a report by a payrolls processor showed on Wednesday.
Low growth, price cuts plague euro zone, haunt ECB
LONDON (Reuters) - Euro zone business growth picked up less than expected in October despite another, deeper round of price cuts, according to surveys that are unlikely to ease simmering tensions among the bloc's central bankers.
Investors eye opportunities as Republicans take U.S. Senate
NEW YORK (Reuters) - The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly affect the energy sector and other slices of the equities market.
French government gives green light for GE-Alstom deal
PARIS (Reuters) - The French government gave the green light on Wednesday for General Electric's planned 12.4 billion euro ($15.6 billion) purchase of most of Alstom's power business.
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as interest rates increased, an industry group said on Wednesday.
Airbus reaches 1,080 gross orders in Jan-Oct
PARIS (Reuters) - Airbus sold three aircraft in October to bring its total orders for the year to 1,080 jets, the European planemaker said on Wednesday.
Chesapeake Energy quarterly profit and output rise
(Reuters) - Chesapeake Energy Corp , the second-largest U.S. producer of natural gas, on Wednesday reported an 8 percent increase in third-quarter profit that topped Wall Street estimates on higher-than-expected output.
Time Warner profit beats estimates as subscription fees rise
(Reuters) - Time Warner Inc reported better-than-expected quarterly revenue and profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and Home Box Office businesses.
GM says October China auto sales up 3.2 percent year on year
SHANGHAI (Reuters) - General Motors Co and its Chinese joint ventures sold 291,371 vehicles in China in October, up 3.2 percent from the same month a year earlier, the U.S. automaker said on Wednesday.
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