Business Today: Stock futures point higher ahead of Bernanke testimony

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Good Morning Robert, WED 24 Feb 2010 
 
Stock futures point higher ahead of Bernanke testimony
Bernanke to outline exit path to skeptical Congress
Toyota faces grilling in Congress
Google execs convicted in Italy for Down's video
Thomson Reuters sees 2010 revenue flat to slightly down
Citi in advanced talks to sell hedge business: report
Home purchase loan demand at lowest since 1997
Google execs convicted in Italy for Down syndrome video
World trade contracted 12 percent in 2009: WTO's Lamy
Democrats: Say Goodbye to Wall Street?


Stock futures point higher ahead of Bernanke testimony
February 24, 2010 08:29 AM ET
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.

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Bernanke to outline exit path to skeptical Congress
February 24, 2010 07:06 AM ET
NEW YORK (Reuters) - Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.

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Toyota faces grilling in Congress
February 24, 2010 08:28 AM ET
TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.

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Google execs convicted in Italy for Down's video
February 24, 2010 08:10 AM ET
MILAN (Reuters) - A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with Down's syndrome by letting a video of him being bullied be posted on the site in 2006.

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Thomson Reuters sees 2010 revenue flat to slightly down
February 24, 2010 08:12 AM ET
NEW YORK (Reuters) - News and information provider Thomson Reuters Corp reported a lower quarterly profit and signaled that financial customer losses in 2009 would continue to hurt revenue in the current year.

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Citi in advanced talks to sell hedge business: report
February 24, 2010 07:16 AM ET
NEW YORK (Reuters) - New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal.

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Home purchase loan demand at lowest since 1997
February 24, 2010 08:34 AM ET
NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.

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Google execs convicted in Italy for Down syndrome video
February 24, 2010 04:05 AM ET
MILAN (Reuters) - A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down syndrome, the judge in the case told Reuters on Wednesday.

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World trade contracted 12 percent in 2009: WTO's Lamy
February 24, 2010 05:36 AM ET
BRUSSELS (Reuters) - Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization (WTO) said on Wednesday.

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Democrats: Say Goodbye to Wall Street?
February 24, 2010 07:36 AM ET
WASHINGTON (Reuters) - U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.

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