Business Today: Futures higher after encouraging start to earnings

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Good Morning Robert, TUE 13 Jul 2010 
 
Futures higher after encouraging start to earnings
BP shares extend bounce on oil spill containment cap
Moody's cuts Portugal rating
BP divestment talks on several assets "going well"
EU's Rehn urges bank test disclosure; source say ministers split
Experts weigh risks of Glaxo's Avandia
Alcoa beats Wall Street view
Goldman may seek extension in SEC case: report
AIG board meet may set ball rolling on AIA IPO: sources
Small businesses grow more pessimistic: survey


Futures higher after encouraging start to earnings
July 13, 2010 08:10 AM ET
NEW YORK (Reuters) - Stock index futures were higher on Tuesday after better-than-expected results from Alcoa Inc and CSX Corp gave a promising start to the earnings season.

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BP shares extend bounce on oil spill containment cap
July 13, 2010 08:22 AM ET
LONDON (Reuters) - Shares in oil major BP rose 2.7 percent on Tuesday, taking their bounce this month to 28 percent, on signs the Gulf of Mexico oil spill could be contained and on hopes of asset disposals.

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Moody's cuts Portugal rating
July 13, 2010 06:41 AM ET
LISBON (Reuters) - Moody's Investor Service cut Portugal's debt rating by two notches on Tuesday, saying its growth prospects were weak and it might need new austerity measures next year to hit tough fiscal targets.

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BP divestment talks on several assets "going well"
July 13, 2010 04:53 AM ET
LONDON (Reuters) - BP , which unveiled plans last month for about $10 billion in asset sales to help pay for costs from the worst offshore oil spill in U.S. history, said talks on the divestments were making progress.

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EU's Rehn urges bank test disclosure; source say ministers split
July 13, 2010 08:29 AM ET
BRUSSELS (Reuters) - A leading EU official on Tuesday urged full disclosure on how the region's banks perform in stress tests, but sources said the bloc's finance ministers remained divided on what data should be published.

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Experts weigh risks of Glaxo's Avandia
July 13, 2010 08:24 AM ET
GAITHERSBURG, Maryland (Reuters) - U.S. advisers began weighing the fate of GlaxoSmithKline Plc's diabetes pill Avandia on Tuesday at a two-day meeting that will consider if the medicine is too dangerous to stay on the market.

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Alcoa beats Wall Street view
July 13, 2010 07:15 AM ET
NEW YORK (Reuters) - Alcoa Inc , the largest U.S. aluminum producer, posted a stronger-than-expected second-quarter profit on Monday and raised its estimate for global aluminum consumption, sending its shares up 3 percent.

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Goldman may seek extension in SEC case: report
July 13, 2010 05:06 AM ET
(Reuters) - U.S. investment bank Goldman Sachs Group Inc is likely to ask for more time to respond to the fraud lawsuit filed on April 16 by the U.S. Securities regulator, the New York Post reported, citing sources.

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AIG board meet may set ball rolling on AIA IPO: sources
July 13, 2010 05:16 AM ET
HONG KONG/NEW YORK (Reuters) - The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday.

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Small businesses grow more pessimistic: survey
July 13, 2010 07:34 AM ET
WASHINGTON (Reuters) - Small businesses grew more pessimistic about their economic outlook in June in the face of weak sales and political uncertainty, the National Federal of Independent Businesses said on Tuesday.

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