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Thursday, November 11, 2010

Before the Bell: Index futures drop after Cisco outlook, G20 eyed

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Good Morning Pan, THU 11 Nov 2010 
 
Index futures drop after Cisco outlook, G20 eyed
Cisco shares sink on revenue outlook, near-term worries
"Jersey Shore" lifts Viacom profit
China's ICBC to raise $6.8 billion through rights issue
Irish borrowing costs hit high, EU says has tools to act
Stiglitz urges capital controls to curb "hot money"
G20 struggles in Seoul as Irish crisis hits market
Wal-Mart to offer free shipping on website: report
Jump in China inflation paves way for more tightening
Barnes & Noble tests toy boutiques to boost sales

Index futures drop after Cisco outlook, G20 eyed
November 11, 2010 07:51 AM ET
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday after a dismal outlook from Cisco Systems, while leaders struggled to find common ground at the G20 summit amid concerns growing protectionism will hurt global trade.

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Cisco shares sink on revenue outlook, near-term worries
November 11, 2010 07:46 AM ET
BANGALORE (Reuters) - Shares of Cisco Systems Inc fell about 17 percent in pre-market trading on Thursday, a day after the technology bellwether forecast dismal full-year revenue, hurt by weak spending by its public sector customers.

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"Jersey Shore" lifts Viacom profit
November 11, 2010 07:32 AM ET
NEW YORK (Reuters) - Viacom Inc's quarterly profit rose thanks to a surge at its cable networks like MTV and its popular hit show "Jersey Shore."

Full Article

China's ICBC to raise $6.8 billion through rights issue
November 11, 2010 01:16 AM ET
SHANGHAI (Reuters) - Industrial and Commercial Bank of China (ICBC) plans to raise 45 billion yuan ($6.8 billion) through a rights share offering this month, capping an $80 billion fundraising boom by Chinese lenders to replenish capital depleted by last year's lending spree.

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