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Wednesday, November 17, 2010

Before the Bell: Stock futures rise after selloff, GM terms awaited

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Good Morning Pan, WED 17 Nov 2010 
 
Stock futures rise after selloff, GM terms awaited
GM boosts IPO size to reduce government stake
Target profit tops Street; sees stellar holidays
Fed officials defend drive to lower rates
China vows to tame inflation, price controls in reserve
Roche takes knife to costs, slashes 4,800 jobs
Fiat CEO: Chrysler still gearing up for 2011 IPO
FDIC conducting 50 investigations at failed banks: report
BofA CEO: Settling foreclosure probe best solution
Warren Buffett praises bailout efforts: report

Stock futures rise after selloff, GM terms awaited
November 17, 2010 07:33 AM ET
NEW YORK (Reuters) - U.S. stock index futures edged higher on Wednesday, indicating a rebound from a steep selloff in the previous session as investors digested final terms of GM's landmark initial public offering.

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GM boosts IPO size to reduce government stake
November 17, 2010 07:36 AM ET
NEW YORK/DETROIT (Reuters) - General Motors Co raised the common stock portion of its initial public offering by 31 percent on Wednesday following a surge of investor interest, putting the deal on track to raise as much as $22.7 billion.

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Target profit tops Street; sees stellar holidays
November 17, 2010 07:49 AM ET
NEW YORK (Reuters) - Target Corp posted a higher-than-expected quarterly profit and forecast the best same-sales sales in three years in the current quarter covering the key holiday season.

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Fed officials defend drive to lower rates
November 17, 2010 07:29 AM ET
MONTGOMERY, Alabama (Reuters) - The Federal Reserve officials on Tuesday fought back against a stream of criticism over its $600 billion economic stimulus, arguing it was necessary to shore up the fragile recovery.

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