Business Today: Futures point to modest gains as dollar falls


Reuters
Good Morning Robert, MON 26 Oct 2009 

today's headlines

Futures point to modest gains as dollar falls
Verizon profit falls but new subscribers beat view
RadioShack profit misses estimates
HealthSouth plans to fund dissident nominees' expenses: report
Legg Mason to elect investor Nelson Peltz to board
Corning posts better-than-expected results
ING to split in two, launch rights issue
Disney CEO calls for rethink of movie model: report
CIT sweetens, extends debt exchange offer
Deloitte says 2009 global revenue falls 4.9 percent
 

today's videos

REUTERS VIDEO:Caution prevails REUTERS VIDEO:Tech earnings: sign of recovery? REUTERS VIDEO:Bernanke presses for reforms

more details

Futures point to modest gains as dollar falls
October 26, 2009 08:02 AM ET
NEW YORK (Reuters) - U.S. stock index futures pointed to a modestly higher open on Monday after a selloff in the previous session as investors looked to a busy week of economic data, while the U.S. dollar fell to a 14-month low.

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Verizon profit falls but new subscribers beat view
October 26, 2009 08:19 AM ET
NEW YORK (Reuters) - Verizon Communications on Monday posted a third quarter profit that fell more than 9 percent but was slightly ahead of analyst estimates and it added more wireless customers than expected.

Full Article
RadioShack profit misses estimates
October 26, 2009 06:57 AM ET
NEW YORK (Reuters) - RadioShack Corp's quarterly profit missed estimates by one cent on weak demand for its converter boxes, laptop computers and wireless accessories.

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HealthSouth plans to fund dissident nominees' expenses: report
October 26, 2009 07:47 AM ET
(Reuters) - HealthSouth Corp , a U.S. hospital operator, plans to unveil a new corporate bylaw that will reimburse activist shareholders for the expense of unseating management-backed directors, the Wall Street Journal said on its website.

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Legg Mason to elect investor Nelson Peltz to board
October 26, 2009 02:38 AM ET
BANGALORE (Reuters) - Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.

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Corning posts better-than-expected results
October 26, 2009 08:21 AM ET
NEW YORK (Reuters) - Specialty glass maker Corning Inc posted better-than-expected quarterly profit on stronger demand for glass for flat screen televisions, and said it expected that market to grow by 15 percent in 2010.

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ING to split in two, launch rights issue
October 26, 2009 06:31 AM ET
AMSTERDAM (Reuters) - Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.

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Disney CEO calls for rethink of movie model: report
October 26, 2009 07:01 AM ET
LONDON (Reuters) - The chief executive of Walt Disney has called for a thorough reexamination of the business model for marketing and producing movies as DVD sales tumble and distribution costs rise.

Full Article
CIT sweetens, extends debt exchange offer
October 26, 2009 07:54 AM ET
NEW YORK (Reuters) - CIT Group Inc has extended and sweetened its debt exchange offer, the lender said in a regulatory filing on Monday.

Full Article
Deloitte says 2009 global revenue falls 4.9 percent
October 26, 2009 01:15 AM ET
NEW YORK (Reuters) - Global accounting firm Deloitte Touche Tohmatsu said on Monday revenue at its member firms slipped 4.9 percent in fiscal 2009 to $26.1 billion, hurt by a decline in deal activity in the worldwide economic downturn.

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