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Thursday, January 27, 2011

Before the Bell: Futures flat after recent gains, ahead of data

Reuters
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01/27/2011
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LATEST NEWS
Futures flat after recent gains, ahead of data
NEW YORK (Reuters) - Stock index futures were little changed on Thursday, a day after the S&P 500 closed at a 29-month high as investors looked ahead to a new round of data and corporate earnings. | Full Article
S&P cuts Japan sovereign debt rating
January 27, 2011 06:30 AM ET
TOKYO (Reuters) - Rating agency Standard & Poor's cut Japan's long-term sovereign debt rating on Thursday for the first time since 2002, saying the country's government lacked a coherent plan to tackle its mounting debt. | Full Article
AT&T profit falls, subscriber growth miss analyst view
January 27, 2011 07:52 AM ET
NEW YORK (Reuters) - AT&T Inc posted a quarterly profit slightly ahead of Wall Street expectations but its wireless subscriber growth missed analyst estimates in its final quarter as the exclusive U.S. provider for the Apple Inc iPhone. | Full Article
Procter & Gamble profit down despite volume growth
January 27, 2011 07:22 AM ET
CHICAGO (Reuters) - Procter & Gamble Co posted a lower quarterly profit as it deals with rising commodity costs and little to no category growth in developed markets such as the United States. | Full Article
Microsoft set to report lower profit on stale PC growth
January 27, 2011 12:51 AM ET
SEATTLE (Reuters) - Microsoft Corp is set to report a dip in earnings on Thursday, a year after the launch of its Windows 7 operating system blew away Wall Street estimates, as sales of personal computers lag expectations and Apple Inc's iPad eats away at the fringes of its core market. | Full Article
US TOP NEWS
Obama touts investment plan on middle America trip
January 27, 2011 06:47 AM ET
MANITOWOC, Wisc. (Reuters) - President Barack Obama pressed his case on Wednesday for investment to grow the U.S. economy out of its budget woes, a job made tougher by a forecast that the deficit will surge 40 percent this year. | Full Article
Lawmakers plan to reintroduce China currency bill
January 26, 2011 11:06 PM ET
WASHINGTON (Reuters) - U.S. lawmakers plan to reintroduce China currency legislation that was overwhelmingly approved last year by the House of Representative but failed to become law, congressional aides said on Wednesday. | Full Article
Fannie, Freddie seek to cut dividend on government stake: report
January 27, 2011 02:34 AM ET
(Reuters) - Mortgage companies Fannie Mae and Freddie Mac have been lobbying the Treasury to accept a lower dividend on the preferred stock issued during the government bail out, the Financial Times said, citing people familiar with the situation. | Full Article
Fed cautious on recovery, focused on joblessness
January 27, 2011 06:48 AM ET
WASHINGTON (Reuters) - The Federal Reserve showed on Wednesday it was in no rush to cut short its rescue of the U.S. economy, saying high unemployment still justified its $600 billion bond-buying plan even though the economy has shown some signs of improvement. | Full Article
Californians support vote on tax measure: poll
January 27, 2011 02:15 AM ET
SAN FRANCISCO (Reuters) - A majority of Californians back Governor Jerry Brown's plan to ask them to extend tax increases to help close a $25.4 billion state budget gap, poll results released on Wednesday showed. | Full Article
HEALTH NEWS
Breast implants may be linked to rare cancer: FDA
Drugmakers see pain from reform and prices in 2011
Gene study shows way to help save orangutans
Citi starts U.S. healthcare IT on positive note
Appeals court to expedite Virginia healthcare challenges
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