Business Today: Stock futures fall after German business index drops

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Good Morning Robert, TUE 23 Feb 2010 
 
Stock futures fall after German business index drops
Toyota vows quality shake-up
Macy's swings to profit; shares slip
Buffett-backed BYD eyes big overseas drive
Medtronic quarterly profit up 19 percent
Home Depot profit beats Street; outlook strong
Greek bourse starts trade despite protest
Brookfield eyeing bid for General Growth stake: report
NY says Wall St bonuses up 17 percent to $20.3 billion
Intel plans $2 billion fund to invest in U.S. companies: WSJ


Stock futures fall after German business index drops
February 23, 2010 07:53 AM ET
NEW YORK (Reuters) - U.S. stock index futures dropped on Tuesday as a key index of German business sentiment fell unexpectedly, denting confidence in a global economic recovery and weighing on European shares.

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Toyota vows quality shake-up
February 23, 2010 08:08 AM ET
TOKYO/WASHINGTON (Reuters) - A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's head to a pledge to address safety issues after massive recalls.

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Macy's swings to profit; shares slip
February 23, 2010 08:20 AM ET
CHICAGO (Reuters) - Macy's Inc posted better-than-expected quarterly profit on Tuesday and forecast same-store sales growth this year of 1 percent to 2 percent.

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Buffett-backed BYD eyes big overseas drive
February 23, 2010 06:00 AM ET
SHENZHEN, China (Reuters) - BYD Co Ltd , a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.

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Medtronic quarterly profit up 19 percent
February 23, 2010 08:32 AM ET
CHICAGO (Reuters) - Medtronic Inc on Tuesday reported a 19 percent rise in quarterly profit on higher sales of its implantable devices to treat heart disease, diabetes and other chronic disorders.

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Home Depot profit beats Street; outlook strong
February 23, 2010 08:25 AM ET
NEW YORK (Reuters) - Home Depot's quarterly results trumped estimates as demand for home renovations perked up, and the top home improvement chain forecast a fiscal-year profit above analysts' estimates.

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Greek bourse starts trade despite protest
February 23, 2010 03:44 AM ET
ATHENS (Reuters) - Greek shares began trading on time on Tuesday, unaffected by a leftist trade union protest that sought to disrupt the session by blocking the entrance to the Hellenic Exchanges building.

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Brookfield eyeing bid for General Growth stake: report
February 23, 2010 07:36 AM ET
NEW YORK (Reuters) - Canada's Brookfield Asset Management Inc is preparing to bid for a large stake in No. 2 U.S. mall owner General Growth Properties Inc , aiming to outbid Simon Property Group Inc , the Wall Street Journal reported on Monday.

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NY says Wall St bonuses up 17 percent to $20.3 billion
February 23, 2010 07:26 AM ET
NEW YORK (Reuters) - Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.

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Intel plans $2 billion fund to invest in U.S. companies: WSJ
February 23, 2010 02:31 AM ET
(Reuters) - U.S. technology giant Intel Corp is planning to set up a $2 billion fund to invest in U.S. companies, the Wall Street Journal said, citing people familiar with the matter.

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