Business Today: Consumers shine despite slower-than-expected GDP

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Good Morning Robert, FRI 30 Apr 2010    Consumers shine despite slower-than-expected GDP Stock futures edge up on Greece, ahead of GDP data U.S. starts criminal probe into Goldman: source German private sector to help Greece United, Continental to announce merger Monday: report Newell profit tops Street; full-year view raised Barclays profits rise, BarCap misses lofty hopes RIM breaks into top 5 in surging phone market China understood currency message: EU's Barroso Buffett makes good bets, bad bets Samsung sees record profit Business Update: Asia edges up Business Update: Energy concerns Consumers shine despite slower-than-expected GDP April 30, 2010 08:35 AM ET WASHINGTON (Reuters) - The economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday. Full Article Stock futures edge up on Greece, ahead of GDP data April 30, 2010 07:44 AM ET NEW YORK (Reuters) - U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and as investors awaited a deal to bail out debt-ridden Greece. Full Article U.S. starts criminal probe into Goldman: source April 30, 2010 07:59 AM ET WASHINGTON/NEW YORK (Reuters) - Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said on Thursday. Full Article German private sector to help Greece April 30, 2010 08:29 AM ET FRANKFURT (Reuters) - German financial and industrial firms will contribute to a multi-billion euro bailout for Greece, a senior banking source said, as talks to secure the aid in return for tough Greek budget cuts edged toward a deal. Full Article United, Continental to announce merger Monday: report April 30, 2010 07:48 AM ET NEW YORK (Reuters) - UAL Corp's United Airlines and Continental Airlines Inc are expected to announce that they are merging to form the world's largest airline on Monday, the Wall Street Journal reported on Thursday, citing unnamed sources. Full Article Newell profit tops Street; full-year view raised April 30, 2010 07:29 AM ET NEW YORK (Reuters) - Newell Rubbermaid Inc's quarterly profit beat Wall Street estimates on Friday on improving sales trends across all its markets, prompting the consumer products maker to raise its full-year outlook. Full Article Barclays profits rise, BarCap misses lofty hopes April 30, 2010 06:20 AM ET LONDON (Reuters) - Barclays Plc's investment bank results failed to match the lofty growth shown by many rivals, knocking its shares and taking the shine off a 47 pct rise in group quarterly pretax profit. Full Article RIM breaks into top 5 in surging phone market April 30, 2010 02:00 AM ET HELSINKI (Reuters) - Blackberry-maker Research in Motion broke into the top five cellphone makers in January-March for the first time ever, helped by booming smartphone demand. The global handset market has been dominated by five major players -- Nokia , Samsung , LG Electronics , Motorola and Sony Ericsson -- for the last five years. Full Article China understood currency message: EU's Barroso April 30, 2010 12:30 AM ET BEIJING (Reuters) - European Commission President Jose Manuel Barroso said in Beijing on Friday that he thinks China had "clearly understood" the message on currencies. Full Article Buffett makes good bets, bad bets April 30, 2010 07:26 AM ET (Reuters) - Warren Buffett may be the world's most famous investor, but even he doesn't get everything right. Full Article

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