The Other Side of Life 24/7: Business Today: Stock futures edge up as Americans head to the polls

Tuesday, November 6, 2012

Business Today: Stock futures edge up as Americans head to the polls

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11/6/2012

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 edge up as Americans head to the polls

NEW YORK (Reuters) - Stock index futures edged higher on Tuesday, indicating the S&P 500 would advance for a second consecutive session with voters set to elect the country's president.

NYSE Euronext bets on cuts to offset trading losses

LONDON (Reuters) - NYSE Euronext , the world's largest stock market, is hoping ambitious cost cuts will help offset lower trading levels, in the latest sign of growing pressure on the world's top trading firms.

Worst election outcome for markets? Having no winner at all

NEW YORK (Reuters) - Traders and investors seem to agree on one thing about Tuesday's U.S. presidential election: The markets want a clear winner by Wednesday morning.

Home prices dip in September after string of gains: CoreLogic

NEW YORK (Reuters) - Home prices slipped in September after gaining for six months in a row as values were weighed down by cheaper distressed sales, data from CoreLogic showed on Tuesday.

Lower costs help office supply chains offset weak sales

NEW YORK (Reuters) - Tight cost controls helped U.S. office supply retailers Office Depot Inc and OfficeMax Inc offset weaker-than-expected sales in the third quarter.

Freddie Mac turns profit, does not seek taxpayer aid

(Reuters) - Freddie Mac reported a third-quarter profit on Tuesday and said it was not requesting additional funds from the U.S. Treasury to stay solvent.

AOL third-quarter ad sales boost overall revenue and profit

(Reuters) - AOL Inc reported higher-than-expected revenue and profit on the strongest advertising growth the company has seen in seven years.

EU to predict dire 2013 for Spain: report

MADRID (Reuters) - The European Commission is to forecast Spain's economy will be almost as dire next year as this, a newspaper said on Tuesday, raising the pressure for a euro zone bailout and undermining government promises that 2012 will mark the low point.

M&S says has investor support as profit falls less than forecast

LONDON (Reuters) - British retailer Marks & Spencer Plc believes its costly expansion plan is paying off and winning support from investors even after suffering its second straight drop in first-half earnings.

Pepco sees restoration costs of up to $65 million due to Sandy

(Reuters) - Washington, D.C.-based power company Pepco Holdings Group Inc, whose service territories were severely affected by superstorm Sandy, estimated additional costs of between $45 million and $65 million to restore its systems.