The Other Side of Life 24/7: Business Today: Stock futures mixed as Intel offsets Morgan Stanley, China data

Friday, January 18, 2013

Business Today: Stock futures mixed as Intel offsets Morgan Stanley, China data

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01/18/2013

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 mixed as Intel offsets Morgan Stanley, China data

NEW YORK (Reuters) - Stock index futures were little changed on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley .

Analysis: More Americans leave parental nest in boost for housing

WASHINGTON (Reuters) - Americans are feeling increasingly confident in the future and more and more are striking out to set up their own homes, a move that is helping propel the housing recovery.

Geithner says U.S. "in fourth quarter" of crisis recovery: WSJ

(Reuters) - The U.S. economic recovery is entering the home strait, though unemployment is still very high and may only come down gradually, outgoing U.S. Treasury Secretary Timothy Geithner said.

GE fourth-quarter profit, revenues top estimates, order backlog jumps

(Reuters) - General Electric Co reported a better-than-expected 7.5 percent rise in fourth quarter profit and a sharp increase in its backlog of equipment orders, sending shares up in premarket trading.

Analysis: Facing drought, U.S. farmers return to crop rotation

CHICAGO (Reuters) - Farmers in top U.S. grain states are planning to rotate to other crops after repeated plantings of corn on the same fields, combined with a devastating drought in 2012, badly hurt yields.

Morgan Stanley posts profit on surging equity trading

(Reuters) - Morgan Stanley reported a fourth-quarter profit on a surge in equity sales and trading and strong margins at its wealth management business, sending its shares up 7 percent before the bell.

China's economy posts slowest growth since 1999

BEIJING (Reuters) - China's economy grew at its slowest pace in 13 years in 2012, though a year-end spurt supported by infrastructure spending and a jump in trade signaled the foundation for the stable growth path Beijing says is vital for economic reform may be in sight.

BNP Paribas eyes 1 billion euro overhaul to cut costs

PARIS (Reuters) - French bank BNP Paribas plans to spend 1 billion euros ($1.3 billion) over three years to pare down its businesses in response to lackluster growth in Europe, according to a union source.

Bank of America's Moynihan, known for fixing and cutting, must now build

(Reuters) - Bank of America Corp's Brian Moynihan is known as a problem-fixer and cost-cutter and in his three years as the bank's CEO, he has had that reputation tested like never before.

Boeing Dreamliner probe focuses on burnt out battery, more checks due

TAKAMATSU, Japan (Reuters) - U.S. and Japanese aviation safety officials wrapped up their initial investigation of a badly damaged battery from a Boeing Co 787 Dreamliner jet on Friday, saying further checks would be held in Tokyo and could take a week to complete.