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Friday, October 21, 2011

Before the Bell: Stock futures higher after GE results, euro summit ahead

Reuters
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10/21/2011
News Good Morning
LATEST NEWS
Stock futures higher after GE results, euro summit ahead
NEW YORK (Reuters) - Stock index futures edged higher on Friday ahead of a much anticipated European Union weekend summit on the region's debt crisis and as results from General Electric Co did little to undermine hopes for a robust earnings season. | Full Article
Merkel sticks to hard line on euro zone solution
October 21, 2011 07:44 AM ET
BRUSSELS/BERLIN (Reuters) - European leaders have put off crucial decisions on how to stop a sovereign debt meltdown in their currency zone, keeping markets on edge, to give German Chancellor Angela Merkel time to secure parliamentary support, EU sources said on Friday. | Full Article
Groupon to raise up to $540 million in IPO: filing
October 21, 2011 07:09 AM ET
(Reuters) - Groupon Inc said it plans to raise as much as $540 million in an initial public offering, less than previously planned, as the largest daily deals company grapples with a weak equity market, executive departures and questions about its accounting and business model. | Full Article
GE profit up 18 percent, driven by foreign growth
October 21, 2011 07:53 AM ET
(Reuters) - General Electric Co reported an 18 percent profit rise that met Wall Street's expectations, helped by strong revenue growth in key foreign markets including Brazil, Russia and China. | Full Article
Verizon results rise, subscribers miss estimates
October 21, 2011 07:47 AM ET
(Reuters) - Verizon Communications Inc's quarterly revenue rose faster than Wall Street estimates but its subscriber growth was slower than expected. | Full Article
US TOP NEWS
In death, Gaddafi still divides Libyans
October 21, 2011 07:56 AM ET
MISRATA, Libya (Reuters) - After the anarchic drama of their capture and killing of Muammar Gaddafi, Libya's new leaders argued over his body on Friday, while Libyans, and the world, awaited the formal launch of a new era of democracy. | Full Article
Fed debate about more easing heats up
October 20, 2011 09:10 PM ET
NEW YORK (Reuters) - Two top Federal Reserve officials are arguing the U.S. central bank should consider resuming controversial large-scale mortgage bond purchases to support a fragile economic recovery. | Full Article
Ex-Wall St banker identified as key figure in Olympus scandal
October 21, 2011 07:19 AM ET
TOKYO/LONDON/BOCA RATON (Reuters) - A former Wall Street banker of Japanese descent has emerged as a key figure in the scandal engulfing Japanese blue-chip firm Olympus Corp, according to documents provided by the firm's ex-CEO. | Full Article
Insight: Reliance chases retail fix as Wal-Mart looms
October 21, 2011 04:37 AM ET
MUMBAI (Reuters) - Five years after making a grand foray into retail, Mukesh Ambani's Reliance Industries is nowhere close to the scale he had hoped his company, India's largest listed group, would achieve in a fragmented and fast-growing industry. | Full Article
Republican candidates' tax plans may fall flat
October 21, 2011 04:36 AM ET
WASHINGTON (Reuters) - A proposed overhaul of the tax system is catching fire among some Republican presidential candidates who see its potential to win over voters with its sheer simplicity, but there is skepticism among experts that a flat tax will prove a winning strategy. | Full Article
HEALTH NEWS
Mobile phones don't hike cancer risk: Danish study
Newborn preemies more vocal when parents are near
EU starts new probe into painkillers' heart risks
More than one in 10 Americans use antidepressants
More breast cancer diagnosed in women with diabetes
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