Business Today: Stock futures extend losses

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Good Morning Robert, TUE 04 May 2010 
 
Stock futures extend losses
Pfizer and Merck post profit, revenue above targets
BP struggles to stop Gulf of Mexico oil leak
Voting begins in Senate on Wall Street reform
Silver Lake, Warburg Pincus to buy IDC for $3.4 billion
Greek strikers challenge bailout-for-austerity deal
Archer Daniels profit up as ethanol, oilseeds gain
MasterCard profit up 24 percent
Newcrest wins over Lihir with $8.5 billion offer
S&P launches new credit scores for 26,000 companies


Stock futures extend losses
May 04, 2010 08:08 AM ET
NEW YORK (Reuters) - U.S. stock index futures extended losses on Tuesday after a broad stock rally in the previous session that took the S&P 500 to its best day in two months and as investors fretted over whether Greece could make deep spending cuts.

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Pfizer and Merck post profit, revenue above targets
May 04, 2010 08:21 AM ET
NEW YORK (Reuters) - U.S. drugmakers Pfizer Inc and Merck & Co posted better-than-expected first-quarter profit and revenue on Tuesday, but Merck gave a 2010 earnings forecast that could fall short of Wall Street's target.

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BP struggles to stop Gulf of Mexico oil leak
May 04, 2010 08:32 AM ET
GOLDEN MEADOW, Louisiana (Reuters) - BP Plc pressed ahead with efforts to stop oil from continuing to spew from an offshore well that ruptured almost two weeks ago in the Gulf of Mexico off the U.S. coast as the British energy giant's shares fell further on Tuesday.

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Voting begins in Senate on Wall Street reform
May 04, 2010 06:23 AM ET
WASHINGTON (Reuters) - The U.S. Senate will cast its first votes on Tuesday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural question still unsettled.

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Silver Lake, Warburg Pincus to buy IDC for $3.4 billion
May 04, 2010 08:34 AM ET
LONDON (Reuters) - Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data (IDC) for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.

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Greek strikers challenge bailout-for-austerity deal
May 04, 2010 08:36 AM ET
ATHENS/LONDON (Reuters) - Striking public workers challenged the Greek government's bailout-for-austerity deal with the EU and IMF on Tuesday as investors fretted about Athens' ability to push through ambitious budget cuts.

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Archer Daniels profit up as ethanol, oilseeds gain
May 04, 2010 08:36 AM ET
CHICAGO (Reuters) - U.S. agricultural processor Archer Daniels Midland Co posted higher third quarter earnings on Tuesday amid improved oilseed processing and ethanol margins and rising demand for grains.

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MasterCard profit up 24 percent
May 04, 2010 08:18 AM ET
NEW YORK (Reuters) - MasterCard Inc , the world's second-largest credit card network, said first-quarter profit increased 24 percent, in the latest confirmation that consumers are spending once again.

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Newcrest wins over Lihir with $8.5 billion offer
May 04, 2010 08:30 AM ET
MELBOURNE (Reuters) - Australia's top gold miner, Newcrest Mining , agreed a $8.5 billion takeover of Lihir Gold on Tuesday, signaling a hunger for foreign income among local miners after Canberra hit them with a new tax.

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S&P launches new credit scores for 26,000 companies
May 04, 2010 12:49 AM ET
NEW YORK (Reuters) - S&P Valuation and Risk Strategies, part of McGraw-Hill Co's Standard & Poor's, has launched a new credit score tool that lets users compare credit profiles of more than 26,000 companies worldwide.

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