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Friday, July 19, 2013

Business Today: Stock futures mixed after tech sector results disappoint

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07/19/2013
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 after tech sector results disappoint
NEW YORK (Reuters) - Stock index futures were mixed on Friday, after the Dow and S&P 500 closed at record highs a day earlier, in the wake of disappointing results from tech giants Microsoft and Google.
General Electric profit, revenue drop on finance unit weakness
(Reuters) - General Electric Co posted a decline in quarterly profit and revenue on Friday on weakness in its finance unit, but its order book rose, sending shares up 2.4 percent in early trading.
G20 talks focus on policy clarity, China offers olive branch
MOSCOW (Reuters) - The world's economic crisis response team grappled on Friday with the prospect of more market volatility resulting from the United States, China and Japan charting a course towards recovery.
China liberalizes bank lending rates in reform push
BEIJING (Reuters) - China's central bank announced long-awaited interest rate reforms on Friday, removing controls on the rates banks may charge clients for loans, in a step towards more market-driven pricing of credit.
Moody's eases off threat of U.S. rating cut, affirms Aaa
NEW YORK (Reuters) - Moody's Investors Service on Thursday raised the U.S. sovereign outlook to stable from negative and affirmed the country's triple-A rating, citing steady growth despite reduced government spending.
Exclusive: Airbus raises 2013 order target to over 1,000 jets
PARIS (Reuters) - European jetmaker Airbus has raised its order target for 2013 to more than 1,000 aircraft, compared with a previous goal of more than 800, sales chief John Leahy told Reuters on Friday.
GSK emerging markets head sent to handle China crisis: source
LONDON (Reuters) - GlaxoSmithKline has sent its head of emerging markets to China to lead the drugmaker's response to an unfolding crisis over alleged bribery and corruption, a person familiar with the situation said on Friday.
Former brokers in UK court on Libor fraud charges
LONDON (Reuters) - Two former brokers, who appeared in court on Friday on fraud charges, conspired with employees at UBS, HSBC , Rabobank, Citi and Tullett Prebon to manipulate Libor rates, UK prosecutors alleged in court documents.
Honeywell profit beats estimates on strong security systems sale
(Reuters) - Honeywell International Inc reported stronger-than-expected quarterly earnings and raised the low end of its 2013 profit outlook as sales of its security systems and turbochargers outpace slow economic growth.
Schlumberger soars on global drilling boom, Baker hit at home
(Reuters) - A three-decade high for drilling activity outside North America lifted Schlumberger Ltd to its seventh straight estimate-topping quarterly profit, while U.S.-focused Baker Hughes Inc came up short in a tough quarter at home.
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