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Friday, January 27, 2012

Business Today: Stock futures edge higher ahead of GDP data

Reuters
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01/27/2012
News Good Morning
LATEST NEWS
Stock futures edge higher ahead of GDP data
NEW YORK (Reuters) - U.S. stock index futures rose modestly on Friday at the end of a week in which an equities rally stalled out after a barrage of mixed corporate earnings and economic data and concerns about Europe left the market little changed. | Full Article
Economic growth quickens in Q4, but speed-bumps ahead
January 27, 2012 08:38 AM ET
WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a strong rebuilding of stocks by businesses and weak spending on capital goods hinted at slower growth in early 2012. | Full Article
Ford hit by commodity costs, international operations
January 27, 2012 07:49 AM ET
(Reuters) - Ford Motor Co posted a lower-than-expected fourth-quarter profit on disappointing results outside North America and rising commodity costs. | Full Article
Eastman Chemical to buy Solutia for $3.38 billion
January 27, 2012 07:54 AM ET
(Reuters) - Eastman Chemical said it would buy specialty chemical maker Solutia Inc for about $3.38 billion in cash and stock to expand in Asia Pacific. | Full Article
U.S. growing at 2-3 percent rate: Geithner
January 27, 2012 06:11 AM ET
DAVOS, Switzerland (Reuters) - The U.S. economy is growing at 2-3 percent but still faces big challenges to repair damage wrought by the financial crisis, Treasury Secretary Timothy Geithner said on Friday. | Full Article
US TOP NEWS
Romney puts Gingrich on defensive in Florida debate
January 27, 2012 02:42 AM ET
JACKSONVILLE, Florida (Reuters) - Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida's primary vote. | Full Article
EU, IMF press Greece on reforms before aid flows
January 27, 2012 08:35 AM ET
ATHENS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows. | Full Article
James Murdoch to quit GSK board
January 27, 2012 07:56 AM ET
LONDON (Reuters) - News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline to spend more time on his media roles. | Full Article
Japan prices fall, mild deflation to persist
January 27, 2012 02:22 AM ET
TOKYO (Reuters) - Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity. | Full Article
Greece hopes keep stocks, euro supported
January 27, 2012 07:55 AM ET
LONDON (Reuters) - World stocks hovered near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish bond yields and a fall in Italy's six-month borrowing costs also supported the euro. | Full Article
HEALTH NEWS
French implant boss released, faces bodily harm charge
China cadmium spill threatens drinking water for millions
Rivals see no need to match Roche's big gene bet
Bill Gates injects $750 million into troubled AIDS fund
Spike in deaths blamed on 2003 NYC power outage
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