Business Today: Stock futures rise after Australia rate hike




Reuters

Good Morning Robert, TUE 06 Oct 2009 

today's headlines

Stock futures rise after Australia rate hike
Oil states say no talks on replacing dollar
Pay czar looking to rework employee pay packages: report
Australia central bank raises rates, more expected
United States calls for rigorous IMF surveillance
Pepsi Bottling profit beats estimates
Oil jumps above $71 as dollar slips
Emerson to buy Avocent for $1.2 billion
Starwood/TPG team wins Corus asset auction: source
Samsung sees strong Q3; profits may have peaked
 

today's videos

REUTERS VIDEO:Banks eye Japan's $15 trillion pie REUTERS VIDEO:Business Update: Dollar skids on oil REUTERS VIDEO:Toymakers play it safe

more details

Stock futures rise after Australia rate hike
October 06, 2009 08:10 AM ET
NEW YORK (Reuters) - Stock futures rose on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of the start of an improved earnings season.

Full Article
Oil states say no talks on replacing dollar
October 06, 2009 07:40 AM ET
ISTANBUL/SYDNEY (Reuters) - Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.

Full Article
Pay czar looking to rework employee pay packages: report
October 06, 2009 08:15 AM ET
(Reuters) - The Obama administration's pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter.

Full Article
Australia central bank raises rates, more expected
October 06, 2009 02:45 AM ET
SYDNEY (Reuters) - Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.

Full Article
United States calls for rigorous IMF surveillance
October 06, 2009 03:47 AM ET
ISTANBUL (Reuters) - U.S. Treasury Secretary Timothy Geithner on Tuesday called on the International Monetary Fund to provide rigorous surveillance to spot new investment bubbles and keep country foreign exchange policies in line with goals to rebalance the global economy.

Full Article
Pepsi Bottling profit beats estimates
October 06, 2009 07:49 AM ET
NEW YORK (Reuters) - Pepsi Bottling Group Inc reported a slightly higher-than-expected quarterly profit on Tuesday, as price increases and easing commodity costs helped offset falling sales volume.

Full Article
Oil jumps above $71 as dollar slips
October 06, 2009 08:18 AM ET
LONDON (Reuters) - Oil prices rose more than $1 to above $71 per barrel on Tuesday, helped by a fall in the U.S. dollar after a report Gulf Arab states were in talks to replace the greenback with a basket of currencies in oil trading.

Full Article
Emerson to buy Avocent for $1.2 billion
October 06, 2009 07:59 AM ET
(Reuters) - Industrial conglomerate Emerson Electric Co agreed to acquire network equipment technology provider Avocent Corp for about $1.2 billion to boost its product offerings, the companies said on Tuesday.

Full Article
Starwood/TPG team wins Corus asset auction: source
October 06, 2009 04:35 AM ET
NEW YORK (Reuters) - A group of investors led by Starwood Capital Group and private equity firm TPG have won the auction for assets of failed Corus Bank, in a deal that will see them invest about $554 million, a source familiar with the situation said on Tuesday.

Full Article
Samsung sees strong Q3; profits may have peaked
October 06, 2009 05:26 AM ET
SEOUL (Reuters) - Samsung Electronics' stronger-than-expected quarterly earnings forecast on Tuesday failed to impress investors, who are worried a fast recovering won and competition are starting to cut into profits.

Full Article
 
 











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Rob Alley, Realtor
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