Rabu, 27 Oktober 2010

10/27 Reuters: Business News

     
    Reuters: Business News    
   
Stock futures point to lower open
October 27, 2010 at 2:27 AM
 
NEW YORK (Reuters) Stock index futures pointed to a lower open for Wall Street on Wednesday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.3 to 0.6 percent by 0900 GMT.


   
   
Canon Q3 profit leaps 74 percent and raises outlook
October 26, 2010 at 11:48 PM
 
TOKYO (Reuters) - Japan's Canon Inc reported a 74 percent jump in quarterly profit on Wednesday, above expectations, on strong sales of office equipment and digital cameras, prompting the company to...


   
   
Dollar rises on Fed view, stocks slip
October 26, 2010 at 7:37 PM
 
HONG KONG (Reuters) - The U.S. dollar edged up on Wednesday on doubts the Federal Reserve will aggressively buy assets to pump more money into the system, while commodity stocks led Asian stocks...


   
   
Recovery could derail if commodities surge on QE2: IEA
October 26, 2010 at 11:31 PM
 
SINGAPORE (Reuters) - The global economic recovery could derail if commodity prices rise further after the U.S. Federal Reserve's move on further quantitative easing, details of which are expected...


   
   
BHP challenge to Potash pill set for November 8 hearing
October 26, 2010 at 11:26 PM
 
WINNIPEG, Manitoba (Reuters) - Saskatchewan's securities regulator will hear BHP Billiton's challenge to Potash Corp's shareholder rights plan on November 8-9, assuming the federal government...


   
   
Dubai World gets full support for restructuring
October 26, 2010 at 11:23 PM
 
DUBAI (Reuters) - State-owned Dubai World has secured support from all its creditors for a $25 billion debt restructuring plan, a spokesman said on Wednesday, helping to avoid a drawn-out battle...


   
   
CFTC scans JP Morgan's silver trading business: report
October 26, 2010 at 11:13 PM
 
(Reuters) - The U.S. commodity futures regulator is looking into claims by a trader in London that JPMorgan Chase & Co was involved in manipulative silver trading, the Wall Street Journal...


   
   
Fed looks set for new round of monetary easing
October 26, 2010 at 10:35 PM
 
WASHINGTON (Reuters) - The Federal Reserve looks set to embark on a hotly debated second round of monetary easing next week, but much uncertainty surrounds the scope and pace of bond purchases by the...


   
   
Amid recession, companies boost non-cash giving
October 26, 2010 at 9:01 PM
 
NEW YORK (Reuters) - Most U.S. companies gave less money to charity in 2009, but total corporate philanthropy rose seven percent to $9.9 billion, boosted by product, service, land and space...


   
   
Oracle CEO claims can prove wrongdoing by new HP CEO
October 26, 2010 at 7:08 PM
 
BOSTON (Reuters) - Oracle Corp Chief Executive Larry Ellison said he has proof that Hewlett-Packard Co's incoming CEO oversaw a scheme to steal Oracle's software by rival SAP AG.


   
   
Fed seen buying few hundred billion dollars Treasuries: report
October 26, 2010 at 7:10 PM
 
TOKYO (Reuters) - The U.S. Federal Reserve is likely next week to unveil a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months, the Wall Street Journal...


   
   
U.S. companies hoarding almost $1 trillion cash: Moody's
October 26, 2010 at 5:02 PM
 
NEW YORK (Reuters) - U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the...


   
   
Consumer confidence, home prices remain weak
October 26, 2010 at 5:01 PM
 
NEW YORK (Reuters) - Data on Tuesday underscored the fragility of the economic recovery, with consumer confidence rising but still weak and home prices falling again after gaining earlier in the year.


   
   
CFTC unveils new tools to stop market manipulation
October 26, 2010 at 6:39 AM
 
WASHINGTON (Reuters) - The U.S. futures regulator laid out plans on Tuesday for how it could use new and beefed-up legal tools to foil traders who seek to manipulate prices or defraud investors.


   
   
Stock futures dip; Texas Instruments eyed
October 26, 2010 at 2:17 AM
 
NEW YORK (Reuters) Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.14 percent, Dow Jones futures down 0.17 percent and Nasdaq 100...


   
   
Consumer confidence, home prices remain weak
October 26, 2010 at 9:12 AM
 
NEW YORK (Reuters) - Data on Tuesday showed the economic recovery is still fragile, with consumer confidence remaining weak and home prices falling again after gaining earlier in the year.


   
   
Chrysler poised to receive U.S. technology loans
October 26, 2010 at 11:26 AM
 
WASHINGTON/DETROIT (Reuters) - Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more...


   
   
Microsoft profit seen higher, iPad looms
October 26, 2010 at 11:15 AM
 
SEATTLE (Reuters) - Microsoft Corp is expected to report a big jump in earnings on Thursday, helped by the newest versions of its lucrative Office software and the blockbuster Halo game; but short-...


   
   
Ford posts quarterly profit, pays down debt
October 26, 2010 at 4:11 AM
 
DETROIT (Reuters) - Ford Motor Co posted a $1.7 billion quarterly profit on Tuesday that exceeded Wall Street expectations and said it expected to eliminate a net debt position in its automotive...


   
   
New Wall St hot topic: Fed's interest on reserves
October 26, 2010 at 10:09 AM
 
NEW YORK (Reuters) - Wall Street is hotly anticipating the start of another round of U.S. debt purchases by the Federal Reserve, but some investors are already looking past the likely Fed...


   
   
Prolonged yen strength a "big problem": Toyota chief
October 26, 2010 at 9:51 AM
 
TOKYO (Reuters) - Toyota Motor Corp President Akio Toyoda said on Tuesday prolonged strength in the yen was a big problem and could threaten the competitiveness of Japanese manufacturing.


   
   
U.S. banks to resist loan mods in mortgage probe
October 26, 2010 at 9:41 AM
 
SAN FRANCISCO (Reuters) - U.S. banks being probed over their foreclosure practices expect to negotiate with state attorneys general, but they are unlikely to agree to forced loan modifications,...


   
   
UK growth doubles forecast
October 26, 2010 at 9:16 AM
 
LONDON (Reuters) - Britain's economy grew twice as fast as expected in the third quarter of this year, easing fears the recovery is faltering and dimming the chance of more quantitative easing from...


   
   
IRS examines Build America Bonds, compliance
October 26, 2010 at 8:42 AM
 
WASHINGTON (Reuters) - The Internal Revenue Service is reviewing several taxable Build America Bonds issued in 2009 and 2010 to make sure they complied with tax law, according to a notice on the...


   
   
Northern Trust shares pop as takeover rumors swirl
October 26, 2010 at 8:24 AM
 
BOSTON (Reuters) - Shares of Northern Trust Corp jumped 4.4 percent on Tuesday as talk swirled that HSBC , Europe's biggest bank, may be planning to make a bid for the U.S. trust bank and investment...


   
   
Boeing stops shipments of 787 pieces for two weeks
October 26, 2010 at 8:02 AM
 
CHICAGO (Reuters) - Boeing Co on Tuesday said it would tell suppliers to halt deliveries of sections for its 787 Dreamliner for two weeks because of delays at the company that makes a key part for...


   
   
Special Report: Is Wall Street chasing the dragon?
October 26, 2010 at 8:00 AM
 
BEIJING/HONG KONG (Reuters) - Morgan Stanley chief executive James Gorman wasn't going to miss his chance.


   
   
EU and WTO seeking solution over China rare earths
October 26, 2010 at 7:18 AM
 
BERLIN (Reuters) - The World Trade Organization and the EU said on Tuesday they were seeking a solution to German concerns about reported Chinese restrictions on exports of rare earths used to make...


   
   
Home prices fell in August, near lows: S&P
October 26, 2010 at 6:05 AM
 
NEW YORK (Reuters) - Prices of single-family homes fell in August, hovering around recent lows after the expiration of popular homebuyer tax credits, according a Standard & Poor's/Case-Shiller...


   
   
Consumer confidence rises slightly in October
October 26, 2010 at 7:02 AM
 
NEW YORK (Reuters) - Consumer confidence rose slightly in October but remained near historically low levels as concerns about the labor market persisted, according to a private sector report released...


   
   
Sony shares up on speculation of Apple interest
October 25, 2010 at 10:35 PM
 
TOKYO (Reuters) - Shares of Sony Corp rose nearly 3 percent on Tuesday as traders cited media reports speculating that the Japanese electronics maker could be a potential acquisition target of Apple...


   
   
DuPont profit beats; other chemical makers mixed
October 26, 2010 at 5:22 AM
 
NEW YORK (Reuters) - DuPont , which makes chemicals, building materials and agricultural products, reported a higher-than-forecast quarterly profit and boosted its 2010 earnings forecast above Wall...


   
   
DuPont quarterly profit beats Street
October 26, 2010 at 3:33 AM
 
NEW YORK (Reuters) - DuPont, which makes chemicals, building materials and agricultural products, posted a higher-than-expected quarterly profit as sales rose in all six business units and across the...


   
   
UBS stops bleeding client money in Q3
October 25, 2010 at 10:14 PM
 
ZURICH (Reuters) - Switzerland's biggest bank UBS has stopped bleeding client money for the first time since early 2008, meeting a key turnaround goal earlier than anticipated, though investment...


   
   
AIG bailout loss was concealed due to valuation: report
October 26, 2010 at 12:46 AM
 
(Reuters) - The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group , the New York Times said, citing a report by Neil Barofsky, the special...


   
   
Asian stocks slip as dollar fights higher
October 25, 2010 at 8:31 PM
 
HONG KONG (Reuters) - Asian stocks slipped on Tuesday but were near a 28-month high, while the dollar edged up against the euro as dealers took some profits with debate about the outcome of the next...


   
   
Berkshire moves step closer to Buffett succession
October 25, 2010 at 9:45 PM
 
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway on Monday said hedge fund manager Todd Combs would join the firm, potentially bringing the company a step closer to solving Buffett's...


   
   
Fannie Mae stops foreclosure work done by Florida firm: report
October 25, 2010 at 9:39 PM
 
(Reuters) - U.S. housing finance giant Fannie Mae has paused mortgage foreclosure work that was previously referred to a Florida law firm under investigation by state officials, the Wall Street...


   
   
Dudley: Fed no magician, but can support economy
October 25, 2010 at 8:09 PM
 
ITHACA, New York (Reuters) - The Federal Reserve cannot "wave a magic wand" to fix the economy overnight, but it can provide "essential" support, a top Fed policymaker said on Monday.


   
   
SGX takeover of ASX faces political hurdles
October 25, 2010 at 7:53 PM
 
CANBERRA (Reuters) - Singapore Exchange's agreed $7.9 billion takeover of Australia's ASX Ltd faced a new hurdle after key political leaders voiced concern over the deal, sending ASX shares down...


   
   
AIG CEO Benmosche has cancer, in treatment
October 25, 2010 at 6:58 PM
 
NEW YORK (Reuters) - American International Group said on Monday Chief Executive Robert Benmosche has cancer and an unclear prognosis, casting a shadow on the bailed-out insurer as it undergoes a...


   
   
Bank of America sues adviser Starr
October 25, 2010 at 6:30 PM
 
NEW YORK (Reuters) - Bank of America Corp has sued financial adviser Kenneth Starr, who pleaded guilty to fraud last month, over a $500,000 loan.


   
   
AIG CEO Benmosche has cancer, in treatment
October 25, 2010 at 3:05 PM
 
NEW YORK (Reuters) - Bailed-out insurer American International Group on Monday said Chief Executive Robert Benmosche has cancer and has an unclear prognosis, casting another shadow on the company as...


   
   
Foreclosure mess may hurt housing, regulators warn
October 25, 2010 at 2:59 PM
 
WASHINGTON/ATLANTA (Reuters) - U.S. regulators said fixing the foreclosure paperwork mess will take time and could weaken a still-limping housing market, despite banks' hopes that the problem will...


   
   
Berkshire moves step closer to Buffett succession
October 25, 2010 at 2:31 PM
 
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway on Monday said hedge fund manager Todd Combs would join the firm, potentially bringing the company a step closer to solving Buffett's...


   
   
Ford sees U.S. sales in October as best in 2010
October 25, 2010 at 1:29 PM
 
DETROIT (Reuters) - U.S. auto sales for October will likely reach an annualized rate of about 12 million units, the best month for the industry so far in 2010, a senior Ford Motor Co's executive...


   
   
Citi CEO Pandit criticizes some Basel rules
October 25, 2010 at 1:45 PM
 
NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit criticized new global capital rules on Monday, saying that the "reforms are headed in the right direction," but in some cases "don't...


   
   
Existing home sales rise but Fed easing still seen
October 25, 2010 at 11:22 AM
 
WASHINGTON (Reuters) - Sales of previously owned homes rose a greater-than-expected 10 percent in September, but remained at depressed levels that point to a painful and protracted recovery for the...


   
   
Wall St buoyed by weak dollar, Fed hopes
October 25, 2010 at 11:52 AM
 
NEW YORK (Reuters) - Stocks rose on Monday as a falling dollar and expectations of further monetary easing by the Federal Reserve prompted investors to buy riskier assets.


   
   
DuPont profit seen lower; investors eye potential
October 25, 2010 at 1:18 PM
 
NEW YORK (Reuters) - DuPont is expected to post a drop in third-quarter profit on Tuesday, but analysts continue to be bullish on the company, which operates in a wide range of industries such as...


   
   
BankUnited to file for an IPO this week: source
October 25, 2010 at 11:36 AM
 
NEW YORK (Reuters) - BankUnited, a collapsed Florida bank acquired last year by private-equity firms, is expected to file for an initial public offering this week, a person familiar with the...


   
   
Sprint's Tab is cheaper but requires a contract
October 25, 2010 at 11:41 AM
 
NEW YORK (Reuters) - Sprint Nextel plans to sell iPad rival, the Galaxy Tab from Samsung Electronics for a third less than the tablet computer's price tag at Verizon Wireless but, the offer still...


   
     
 
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