Business Today: Stock futures flat, Costco profit tops view



Reuters

Good Morning Robert,WED 07 Oct 2009

today's headlines

Stock futures flat, Costco profit tops view
Gold spike gives Asian consumers pause, not fever
Costco profit beats market view
Fannie, Freddie plan to aid mortgage banks: report
Monsanto reports larger loss
Julius Baer to buy ING Swiss private bank
U.S. mortgage applications at 4-month high
Oil above $71 as demand seen recovering
Fed's Hoenig: too soon to pull support as U.S. recovers
Family Dollar profit beats estimates; shares up

today's videos

REUTERS VIDEO:Japan's next-gen green carsREUTERS VIDEO:Business Update: Commodities gainREUTERS VIDEO:Gold hits new record

more details

Stock futures flat, Costco profit tops view
October 07, 2009 08:15 AM ET
NEW YORK (Reuters) - Stock futures were little changed on Wednesday, but could build on the previous session's gains on the strength in commodities.

Full Article
Gold spike gives Asian consumers pause, not fever
October 07, 2009 08:22 AM ET
SYDNEY/MUMBAI (Reuters) - Gold consumers across Asia greeted bullion's run to a record high cautiously on Wednesday, with a few moving to cash in gains but the majority opting to wait for the rest of a rally they believe has only just begun.

Full Article
Costco profit beats market view
October 07, 2009 06:59 AM ET
(Reuters) - Costco Wholesale Corp beat analyst expectations after posting a lower fourth-quarter profit on Wednesday, suggesting an improvement in the weak U.S. retail environment.

Full Article
Fannie, Freddie plan to aid mortgage banks: report
October 07, 2009 08:19 AM ET
(Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter.

Full Article
Monsanto reports larger loss
October 07, 2009 08:24 AM ET
KANSAS CITY, Mo (Reuters) - Leading chemicals and biotech seed developer Monsanto Co reported a higher fourth-quarter loss on Wednesday, though expectations slightly beat Wall Street estimates, as a downturn in its herbicide business and restructuring moves ate into revenues.

Full Article
Julius Baer to buy ING Swiss private bank
October 07, 2009 04:15 AM ET
SINGAPORE/GENEVA (Reuters) - Julius Baer will buy ING's Swiss private banking assets for 520 million Swiss francs ($507 million), the European wealth management industry's biggest deal since the crisis began.

Full Article
U.S. mortgage applications at 4-month high
October 07, 2009 08:23 AM ET
NEW YORK (Reuters) - U.S. mortgage applications surged last week to their highest since mid-May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday.

Full Article
Oil above $71 as demand seen recovering
October 07, 2009 07:37 AM ET
LONDON (Reuters) - Oil prices rose for the third straight day on Wednesday, edging above $71 a barrel after an industry report showed a drawdown in U.S. crude inventories, boosting the view demand was recovering.

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Fed's Hoenig: too soon to pull support as U.S. recovers
October 07, 2009 03:15 AM ET
DENVER (Reuters) - A Federal Reserve official said on Tuesday that while the U.S. economy is clearly rebounding, it is too soon to begin to withdraw the Federal Reserve's massive support.

Full Article
Family Dollar profit beats estimates; shares up
October 07, 2009 07:44 AM ET
NEW YORK (Reuters) - Family Dollar Stores Inc reported a 13 percent rise in quarterly profit on Wednesday, topping Wall Street estimates, as frugal shoppers scoured its stores for low prices.

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Rob Alley, Realtor
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