Business Today: Stock futures edge higher ahead of Microsoft, data



Reuters

Good Morning Robert, FRI 23 Oct 2009 

today's headlines

Stock futures edge higher ahead of Microsoft, data
Laying on bets at America's biggest pension fund
Bernanke: more horizontal bank reviews ahead
Whirlpool profit beats estimates on cost cuts
GM puts signing of Opel sale on hold
Honeywell profit tops Street view, shares up
Ingersoll profit down 5 percent
UK still in recession after shock Q3 contraction
Schlumberger profit tops Street view; sees weak gas
Oil eases towards $81 on economy caution
 

today's videos

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more details

Stock futures edge higher ahead of Microsoft, data
October 23, 2009 08:05 AM ET
NEW YORK (Reuters) - Stock futures rose slightly on Friday ahead of earnings from software giant Microsoft Corp and existing home sales data.

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Laying on bets at America's biggest pension fund
October 23, 2009 08:14 AM ET
SAN FRANCISCO/NEW YORK (Reuters) - Russell Read, the former chief investment officer of Calpers, the largest pension fund in the United States, knows his trees.

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Bernanke: more horizontal bank reviews ahead
October 23, 2009 08:35 AM ET
CHATHAM, Massachusetts (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Friday the central bank would conduct more comprehensive reviews of banks and demand more reporting as part of efforts to tighten oversight following a damaging financial meltdown.

Full Article
Whirlpool profit beats estimates on cost cuts
October 23, 2009 06:49 AM ET
NEW YORK (Reuters) - Whirlpool Corp reported a higher-than-expected quarterly profit on Friday as cost cuts offset weak sales, and the world's biggest appliance maker raised its full-year forecast.

Full Article
GM puts signing of Opel sale on hold
October 23, 2009 07:54 AM ET
FRANKFURT (Reuters) - General Motors put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna , GM's chief negotiator on the deal said on Friday.

Full Article
Honeywell profit tops Street view, shares up
October 23, 2009 07:35 AM ET
BOSTON (Reuters) - Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent profit drop that was far less severe than analysts had forecast, sending its shares higher in light premarket trading.

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Ingersoll profit down 5 percent
October 23, 2009 07:43 AM ET
NEW YORK (Reuters) - Ingersoll-Rand PLC , a maker of heating and cooling systems for homes, businesses and transport, reported a 5 percent drop in quarterly profit on Friday and said it continued to see challenges in its markets.

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UK still in recession after shock Q3 contraction
October 23, 2009 07:53 AM ET
LONDON (Reuters) - Britain's economy contracted in the third quarter of this year, quashing hopes the downturn was ending and instead marking the longest recession on record.

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Schlumberger profit tops Street view; sees weak gas
October 23, 2009 08:18 AM ET
NEW YORK/SAN FRANCISCO (Reuters) - Oilfield services leader Schlumberger Ltd reported slightly better-than-expected quarterly earnings on Friday but warned North American natural gas activity would remain weak until late 2010.

Full Article
Oil eases towards $81 on economy caution
October 23, 2009 07:11 AM ET
LONDON (Reuters) - Oil prices edged lower on Friday, back toward $81 a barrel, as skepticism economic recovery was robust enough to spur a convincing rise in fuel demand curbed appetite to extend this week's powerful rally.

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Rob Alley, Realtor
Keller Williams Realty
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