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Tuesday, January 17, 2012

Business Today: Stock futures rise after China data, earnings eyed

Reuters
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01/17/2012
News Good Morning
LATEST NEWS
Stock futures rise after China data, earnings eyed
NEW YORK (Reuters) - Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth. | Full Article
Citigroup profit falls 11 percent on weak trading
January 17, 2012 08:36 AM ET
(Reuters) - Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets trading and discouraged clients from doing deals. | Full Article
Euro zone inflation dips, opens door to ECB cut
January 17, 2012 08:35 AM ET
BRUSSELS (Reuters) - Consumer prices in the euro zone fell more than previously expected in December, the start of a retreat from a November peak that should give the European Central Bank more room to cut interest rates as the economy heads for recession. | Full Article
Wells Fargo reports higher earnings
January 17, 2012 08:28 AM ET
(Reuters) - Wells Fargo & Co reported higher fourth-quarter earnings as the bank set aside less money to cover bad loans. | Full Article
AIA sizes up bid for $6 billion ING Asia insurance unit: source
January 17, 2012 07:19 AM ET
HONG KONG (Reuters) - AIA Group Ltd , Asia's No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals. | Full Article
US TOP NEWS
Romney unscathed from debate attacks
January 17, 2012 12:07 AM ET
MYRTLE BEACH, South Carolina (Reuters) - Republican presidential hopefuls attacked Mitt Romney's record in business and government on Monday and challenged him to release his tax returns, but the front-runner emerged largely unscathed from a South Carolina debate. | Full Article
S&P downgrades euro zone rescue fund
January 17, 2012 02:54 AM ET
BRUSSELS (Reuters) - U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default. | Full Article
Obama jobs panel pushes tax reform, U.S. drilling
January 16, 2012 11:44 PM ET
WASHINGTON (Reuters) - President Barack Obama's jobs council is calling for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year. | Full Article
Explosions used in hunt for 29 missing on Italian liner
January 17, 2012 08:19 AM ET
GIGLIO, Italy (Reuters) - Rescue squads used controlled explosions on Tuesday to enter a stricken Italian cruise liner in the increasingly despairing hunt for survivors as authorities almost doubled their estimate of the number missing on the huge vessel to 29 people. | Full Article
Greeks strike against austerity as EU, IMF visit
January 17, 2012 06:52 AM ET
ATHENS (Reuters) - Thousands of angry Greek workers marched to parliament on Tuesday to protest against austerity, waving banners reading "EU, IMF out!" as Athens' lenders arrived for talks in a race against the clock to avert a messy bankruptcy. | Full Article
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