Business Today: Stock futures higher on Caterpillar, M&A flurry

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Good Morning Robert, MON 26 Apr 2010 
 
Stock futures higher on Caterpillar, M&A flurry
Caterpillar beats forecasts, raises outlook
Treasury begins sale of Citigroup stake
Germany, markets increase pressure on Greece
Hertz to buy Dollar Thrifty for $1.2 billion
Goldman's "Fabulous" Fab's conflicted love letters
Obama fulfills Cairo pledge with entrepreneur summit
More firms anticipate payrolls growth
Whirlpool trumps estimates; raises FY outlook
Canon raises 2010 outlook on digicams, printers


Stock futures higher on Caterpillar, M&A flurry
April 26, 2010 08:03 AM ET
NEW YORK (Reuters) - U.S. stock index futures rose on Monday after a new flurry of merger-and-acquisition activity and Caterpillar reported stronger-than-expected quarterly profit.

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Caterpillar beats forecasts, raises outlook
April 26, 2010 08:30 AM ET
CHICAGO (Reuters) - Caterpillar Inc reported a stronger-than-expected quarterly profit on Monday and raised its full-year forecast, saying economic conditions were improving, especially in Asia and Latin America.

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Treasury begins sale of Citigroup stake
April 26, 2010 08:10 AM ET
WASHINGTON (Reuters) - The Treasury said on Monday it was launching its plan to sell off its 7.7 billion share stake in Citigroup "in an orderly fashion".

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Germany, markets increase pressure on Greece
April 26, 2010 08:22 AM ET
ATHENS/LUXEMBOURG (Reuters) - Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.

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Hertz to buy Dollar Thrifty for $1.2 billion
April 26, 2010 05:38 AM ET
BANGALORE (Reuters) - U.S. car rental firm Hertz Global Holdings Inc had agreed to buy smaller rival Dollar Thrifty Automotive Group Inc for about $1.2 billion to boost its presence in the leisure rental market.

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Goldman's "Fabulous" Fab's conflicted love letters
April 26, 2010 04:24 AM ET
NEW YORK/WASHINGTON (Reuters) - Fabrice Tourre and his girlfriend talked like a couple very much in love.

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Obama fulfills Cairo pledge with entrepreneur summit
April 26, 2010 07:46 AM ET
WASHINGTON (Reuters) - President Barack Obama launches a new effort on Monday to build business and social ties to the Muslim world, but analysts say the need for progress on big issues like Middle East peace will overshadow the initiative.

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More firms anticipate payrolls growth
April 26, 2010 12:19 AM ET
WASHINGTON (Reuters) - More U.S. companies plan to increase their work force over the next six months, a survey showed on Monday, which could lead to a stronger recovery.

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Whirlpool trumps estimates; raises FY outlook
April 26, 2010 06:30 AM ET
NEW YORK (Reuters) - Whirlpool Corp's quarterly profit blew past estimates on strong sales in North America, Brazil and Asia, prompting the world's largest appliance maker to raise its full-year outlook.

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Canon raises 2010 outlook on digicams, printers
April 26, 2010 05:40 AM ET
TOKYO (Reuters) - Japan's Canon Inc raised its annual outlook closer to market expectations on Monday after robust demand for digital cameras and printers powered up its quarterly profit by more than fourfold.

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