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Wednesday, October 26, 2011

Business Today: Stock futures up as investors eye earnings, EU summit

Reuters
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10/26/2011
News Good Morning
LATEST NEWS
Stock futures up as investors eye earnings, EU summit
NEW YORK (Reuters) - Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about an upcoming meeting of European leaders to tackle the region's debt crisis. | Full Article
Incoming ECB head gives euro zone pre-summit boost
October 26, 2011 08:37 AM ET
BRUSSELS/ROME (Reuters) - The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil. | Full Article
Durable goods orders rise in September
October 26, 2011 08:35 AM ET
WASHINGTON (Reuters) - Demand for a range of long- lasting U.S. manufactured goods rose more than expected in September to post the largest increase in six months, cementing views of a step-up in economic growth in the third quarter, even though new orders for transportation equipment fell. | Full Article
Ford profit beats Street; focus now on dividend
October 26, 2011 08:35 AM ET
DETROIT (Reuters) - Ford Motor Co posted lower third-quarter earnings after misjudging the threat of higher commodity costs and writing down the value of hedge positions. | Full Article
Olympus head quits; watchdog probes firm on disclosure
October 26, 2011 08:25 AM ET
TOKYO (Reuters) - Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value, but his successor stuck with the company's line that it had done nothing wrong. | Full Article
US TOP NEWS
Amazon.com shares slump as costs weigh on outlook
October 26, 2011 07:40 AM ET
(Reuters) - Shares of Amazon.com Inc fell 13 percent in pre-market trade on Wednesday, a day after the company forecast a disappointing outlook for the current quarter on costs related to Kindle and other investments to grow the company. | Full Article
Libyans seek further NATO help
October 26, 2011 08:09 AM ET
TRIPOLI (Reuters) - Libya's interim leader urged NATO on Wednesday to maintain its involvement in the country until the end of the year, though the Western military alliance that helped topple Muammar Gaddafi is keen to wind up its formal mission within days. | Full Article
Ex-Goldman director to face criminal charges: source
October 26, 2011 08:25 AM ET
NEW YORK (Reuters) - A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said. | Full Article
Turkey struggles to shelter thousands after quake
October 26, 2011 08:15 AM ET
ERCIS Turkey (Reuters) - Turkey struggled to provide shelter on Wednesday to tens of thousands left homeless by an earthquake that killed nearly 500, and rescue teams began taking painful decisions to call off searches for those buried alive. | Full Article
Population boom heralds big global economic shifts
October 26, 2011 08:13 AM ET
LONDON (Reuters) - Few economists have been as spectacularly wrong as Thomas Malthus, who predicted in 1798 that unchecked population growth would doom the Earth to starvation. | Full Article
HEALTH NEWS
World needs to update its flu vaccines: study
Exclusive: Medtronic probes insulin pump risks
Depression risk no higher for older first-time mums
Death toll from listeria outbreak rises to 28
Obama healthcare law issues before high court
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