Business Today: Stock futures flat after J&J results


Reuters
Good Morning Robert, TUE 13 Oct 2009 

today's headlines

Stock futures flat after J&J results
Cost cuts help J&J profit, but sales disappoint
GM CEO says possible to sign Opel deal this week
AIG to sell Taiwan insurance unit for $2.15 billion
CIT debt swap struggles, bankruptcy looms
BofA agrees to waive Merrill legal privileges
Capmark Financial bankruptcy due soon: source
Kurt Simon to co-lead JPMorgan tech team: report
Asian wealth slides, rich tiptoe back into markets
Macau gambling review may aid casinos, stocks recover
 

today's videos

REUTERS VIDEO:Macau eyes new gaming rules REUTERS VIDEO:Energy prices on the rise REUTERS VIDEO:First woman wins Nobel Economics

more details

Stock futures flat after J&J results
October 13, 2009 08:26 AM ET
NEW YORK (Reuters) - Stock futures were flat on Tuesday as a weaker U.S. dollar helped lift commodity prices and Johnson & Johnson's third-quarter sales figures disappointed investors.

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Cost cuts help J&J profit, but sales disappoint
October 13, 2009 08:15 AM ET
NEW YORK (Reuters) - Johnson & Johnson on Tuesday reported disappointing third-quarter sales on Tuesday, but beat earnings forecasts thanks to cost-cutting and raised its full-year profit forecast.

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GM CEO says possible to sign Opel deal this week
October 13, 2009 05:50 AM ET
SHANGHAI (Reuters) - General Motors Co may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.

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AIG to sell Taiwan insurance unit for $2.15 billion
October 13, 2009 07:32 AM ET
TAIPEI/HONG KONG (Reuters) - American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.

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CIT debt swap struggles, bankruptcy looms
October 13, 2009 08:23 AM ET
NEW YORK (Reuters) - CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.

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BofA agrees to waive Merrill legal privileges
October 13, 2009 08:13 AM ET
NEW YORK/WASHINGTON (Reuters) - Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch, in a step that could force the bank to hand over more details of how much it knew when it bought the investment bank, federal regulators said on Tuesday.

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Capmark Financial bankruptcy due soon: source
October 13, 2009 08:06 AM ET
NEW YORK (Reuters) - Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.

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Kurt Simon to co-lead JPMorgan tech team: report
October 13, 2009 01:43 AM ET
(Reuters) - JPMorgan Chase & Co is promoting Kurt Simon to co-lead its technology, media and telecommunications team, the Wall Street Journal reported on its website on Tuesday.

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Asian wealth slides, rich tiptoe back into markets
October 13, 2009 03:55 AM ET
SINGAPORE (Reuters) - The number of high net-worth individuals in Asia Pacific slumped 14 percent in 2008 and they lost over a fifth of their wealth, leading to only cautious moves from cash back into stocks this year, Merrill Lynch and Capgemini said on Tuesday.

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Macau gambling review may aid casinos, stocks recover
October 13, 2009 03:45 AM ET
HONG KONG (Reuters) - Macau's move to review gaming rules in the world's fastest-growing gambling market could brighten the outlook for casino stocks as potential curbs would help profits by limiting oversupply, analysts said on Tuesday.

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