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Wednesday, April 6, 2011

Before the Bell: Bets on earnings, economy lift stock futures

Reuters
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04/6/2011
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LATEST NEWS
Bets on earnings, economy lift stock futures
NEW YORK (Reuters) - Futures on the S&P 500 hit their highest level in more than a month on Wednesday as investors bet the upcoming earnings season and more merger activity will continue to lift equities higher. | Full Article
Ergen-led Dish wins Blockbuster auction for $320 million
April 06, 2011 07:45 AM ET
BANGALORE (Reuters) - Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, a move that could see the second-largest U.S. satellite TV provider tapping the movie rental chain's online content to strengthen its offerings. | Full Article
Portugal pays high yield to sell short-term debt
April 06, 2011 07:36 AM ET
LISBON (Reuters) - Yields rose sharply in Portugal's short-term debt auction on Wednesday, intensifying pressure from local lenders and ratings agencies to seek a bailout. | Full Article
AMSC shares tumble on Q4 loss warning
April 06, 2011 07:43 AM ET
(Reuters) - Shares of American Superconductor Corp plunged 41 percent in pre-market trade on Wednesday, a day after the maker of electrical systems for wind farms said it expected to post a loss for the fourth quarter as its largest customer refused to accept ready shipments. | Full Article
Rio Tinto closes in on Riversdale, hits target
April 06, 2011 07:23 AM ET
LONDON (Reuters) - Rio Tinto is close to securing a majority of Riversdale Mining , after receiving acceptances ahead of its target level, just before a key deadline on its A$3.9 billion ($4 billion) bid. | Full Article
US TOP NEWS
Congress struggles to find budget deal
April 06, 2011 06:40 AM ET
WASHINGTON (Reuters) - With a government shutdown looming, congressional negotiators will meet again on Wednesday to search for a deal on budget cuts to keep federal agencies operating beyond Friday. | Full Article
Wisconsin incumbent judge clings to lead in vote
April 06, 2011 02:19 AM ET
MADISON, Wis (Reuters) - A routine election for a Wisconsin Supreme Court seat that became a referendum on the state's new curbs on unionized public employees appeared too close to call early on Wednesday with the incumbent clinging to a narrow lead. | Full Article
Ouattara forces storm Gbagbo bunker in Ivory Coast
April 06, 2011 07:36 AM ET
ABIDJAN (Reuters) - Forces loyal to Ivory Coast presidential claimant Alassane Ouattara stormed the bunker where Laurent Gbagbo was defying efforts to force him to cede power on Wednesday, a spokeswoman for Ouattara told Reuters. | Full Article
Berlusconi sex trial opens and immediately adjourned
April 06, 2011 06:18 AM ET
MILAN (Reuters) - Italian Prime Minister Silvio Berlusconi's trial on charges he paid an underage woman for sex opened on Wednesday and was adjourned until May 31 after just 10 minutes. | Full Article
Japan stops nuclear plant leak; crisis far from over
April 06, 2011 07:14 AM ET
TOKYO (Reuters) - Japan stopped highly radioactive water leaking into the sea on Wednesday from a crippled nuclear plant and acknowledged it could have given more information to neighboring countries about contamination in the ocean. | Full Article
HEALTH NEWS
Republican to call for sweeping Medicare changes
Senate votes to repeal healthcare tax measure
Pacemaker-like device helps reduce blood pressure
Teen pregnancy rate at record low: CDC
Study questions heartburn drugs for kids
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