Business Today: Wall Street to slip as earnings disappoint



Reuters

Good Morning Robert, FRI 16 Oct 2009 

today's headlines

Wall Street to slip as earnings disappoint
BofA posts $1 billion loss amid consumer credit woes
Weak GE sales overshadow earnings
Mattel profit matches Street view; sales drop
Obama wins first financial reform victory in months
Oil down towards $77 on supply, corporate earnings
Google, IBM round out strong tech results week
Wasserstein's death leaves media assets in limbo
Facebook sees ad potential bigger than Google search ads
Soros says U.S. economy will be drag on world growth
 

today's videos

REUTERS VIDEO:Business Update: Oil rallies on REUTERS VIDEO:China's EV car boom REUTERS VIDEO:Wall Street bonus controversy

more details

Wall Street to slip as earnings disappoint
October 16, 2009 08:28 AM ET
NEW YORK (Reuters) - Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

Full Article
BofA posts $1 billion loss amid consumer credit woes
October 16, 2009 08:10 AM ET
CHARLOTTE (Reuters) - Bank of America Corp posted a wider-than-expected quarterly loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes.

Full Article
Weak GE sales overshadow earnings
October 16, 2009 07:57 AM ET
BOSTON (Reuters) - General Electric Co reported better-than-expected earnings on Friday but its revenue missed Wall Street expectations, sending shares of the largest U.S. conglomerate lower in premarket trading.

Full Article
Mattel profit matches Street view; sales drop
October 16, 2009 06:53 AM ET
NEW YORK (Reuters) - Mattel Inc reported a lower quarterly profit that met Wall Street estimates on Friday, hurt by the weak economy and a dearth of movie-inspired toys.

Full Article
Obama wins first financial reform victory in months
October 16, 2009 01:01 AM ET
WASHINGTON (Reuters) - The Obama administration scored its first financial regulation reform victory in months on Thursday when a U.S. congressional committee approved new rules for over-the-counter derivatives.

Full Article
Oil down towards $77 on supply, corporate earnings
October 16, 2009 08:02 AM ET
LONDON (Reuters) - Oil retreated from a year-high above $78 touched early on Friday after a renewed focus on brimming inventories and disappointing corporate earnings chipped away at bullishness across financial markets.

Full Article
Google, IBM round out strong tech results week
October 15, 2009 07:41 PM ET
SAN FRANCISCO (Reuters) - Google Inc and IBM rounded out a strong week of technology results, outstripping already high expectations and providing further evidence that a recovery is brewing.

Full Article
Wasserstein's death leaves media assets in limbo
October 16, 2009 08:31 AM ET
NEW YORK (Reuters) - The sudden death of star dealmaker Bruce Wasserstein on Wednesday has sparked questions about whether the magazines he nurtured will survive in their current form without him.

Full Article
Facebook sees ad potential bigger than Google search ads
October 16, 2009 06:45 AM ET
PALO ALTO, California (Reuters) - Facebook's chief operating officer said the social networking company was targeting a bigger ad market than the search ad market that has made Google Inc rich.

Full Article
Soros says U.S. economy will be drag on world growth
October 15, 2009 10:32 PM ET
NEW YORK (Reuters) - Billionaire investor and philanthropist George Soros said on Thursday that the world's current "currency arrangements" are fraught with danger and that the world needs global regulation.

Full Article
 
 











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Rob Alley, Realtor
Keller Williams Realty
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