Daily Outlook - Oct 2
Toyota's Dollar Difficulties; IPO for NBC Universal?; Restructurings Ahead
Half of babies born in rich world will live to 100
More than half of babies born in rich nations today will live to be 100 years old if current life expectancy trends continue, according to Danish researchers.
Stock futures down ahead of employment data
U.S. stock index futures slipped on Friday as cautious investors awaited a key monthly employment report after other data this week suggested the nascent economic recovery may be losing momentum.
Strauss-Kahn calls for IMF resource increase
The head of the International Monetary Fund on Friday called for a further increase in IMF resources so it could play a credible global lender of last resort role.
European shares hit 4-week low before US jobs data
European shares hit a four-week low on Friday, extending the previous day's sharp losses, with investors anxious before key U.S. jobs figures after data this week raised doubt about the strength of economic recovery.
U.S. restructuring wave to come over 18 months: GE
An avalanche of large U.S. businesses will need to be restructured over the next 12 to18 months, said Rob McMahon, head of General Electric Corp's Restructuring Finance Group.
FTSE down 0.9 pct by midday, U.S. jobs data eyed
Weakness in miners and financials dragged Britain's top share index 0.9 percent lower by midday on Friday, as weak data this week increased investors' concerns, denting risky assets ahead of U.S. non-farm payrolls data.
World stocks tumble, dollar steady
Equity markets across the globe tumbled and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.
EU watchdog charges Oneworld airline pact
A pact to cooperate on schedules and prices between British Airways , American Airlines and Iberia may have violated EU antitrust rules, European Union antitrust regulators said on Friday.
Wall St futures point to weaker start for equities
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fall 0.3-0.4 percent, pointing to a weaker start on Wall Street on Friday.
Asia shares skid, dollar firm before payrolls data
Asian shares fell on Friday as disappointing U.S. manufacturing data raised concern that its economic recovery may not be as fast as thought, while the dollar remained firm as investors booked profits on gains in higher-yielding currencies.
GE looking at partnership, IPO for NBC Universal: CEO
General Electric Co is holding discussions on partnerships or an IPO for its NBC Universal unit, Chief Executive Jeffrey Immelt said, amid expectations about a deal with cable operator Comcast Corp .
World stocks tumble, dollar supported
World stocks fell and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.
Finnish startup bets on universal media manager
Finnish startup Linkotec hopes to create a flourishing business by making consumers' lives easier: its free software links all digital media devices to all key social networks.
Toyota head: returning to profit hard with weak dollar
The head of Toyota Motor Corp on Friday called the current dollar-yen rate very tough, saying the weak U.S. currency made it difficult to return to profit on an unconsolidated level.
U.S. September auto sales plunge; GM, Chrysler hit hard
U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the cash for clunkers program, with General Motors Co and Chrysler hardest-hit.
Toyota chief laments weak dollar as profit-buster
The head of Toyota Motor Corp on Friday called the current dollar-yen rate very tough, saying the weak U.S. currency made it difficult to return to profit on an unconsolidated level.
Overweight mothers linked to infant heart defects
Women who are overweight or obese when they get pregnant are more likely to give birth to children with congenital heart defects, according to a U.S. government study released on Thursday.
CIT launches debt-swap plan, warns about bankruptcy
CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy.
Oil dips towards $70 as dollar firms, Iran fears ease
Oil fell toward $70 a barrel on Friday, driven lower by the dollar's recovery and concerns over U.S. employment data, while worries over the West's talks with Iran about the OPEC member's nuclear plan eased.
Asia shares slump on U.S. data; dollar gains
Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked profits on higher-yielding currencies.
U.S. Sept auto sales plunge; GM, Chrysler hit hard
U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the cash for clunkers program, with General Motors Co and Chrysler hardest-hit.
Russian investor buys more Facebook shares - sources
Russian investment firm Digital Sky Technologies has begun buying more shares in Facebook, seeking to expand its stake in the world's No. 1 social networking company, two sources told Reuters.
Russian investor expands Facebook stake: sources
Russian investment firm Digital Sky Technologies has begun buying more shares in Facebook, seeking to expand its stake in the world's No. 1 social networking company, two sources told Reuters.
Russian investor expands Facebook stake-sources
Russian investment firm Digital Sky Technologies has begun buying more shares in Facebook, seeking to expand its stake in the world's No. 1 social networking company, two sources told Reuters.
No IPO resurgence, wait for 2010: venture cap group
Initial public offerings will rebound only in 2010, despite a pick-up in activity that some investors say signal a resurgence, the National Venture Capital Association said on Thursday.
Strong dollar very important: Geithner
Treasury Secretary Timothy Geithner said on Thursday that a strong dollar was very important to the United States and the rest of the world needs to be convinced Americans will be more thrifty in future.
Northrop beats Boeing in $3.8 bln tanker service work
Northrop Grumman Corp beat rival Boeing Co to win a major $3.8 billion contract to maintain and service the U.S. Air Force's fleet of KC-10 refueling tankers, the Pentagon said on Thursday.
Virtual reminders help with early dementia
A virtual reality tool, developed by Flinders University, is coming to the aid of older people with early onset dementia, improving their quality of life while giving their carers a little peace of mind.
Daily Wrap Up - Oct 1
Fed sees weak economy ahead; BofA's Short Term Solution; Car Sales Sink