Business Today: Stock futures gain as corporate earnings fuel optimism

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Good Morning Aron, TUE 16 Feb 2010    Stock futures gain as corporate earnings fuel optimism Barclays profit tops $18 billion Simon Property offers $10 billion for General Growth JP Morgan strikes $1.7 billion deal to buy RBS Sempra units NY Fed index shows manufacturing grew faster in February Waste Management posts higher quarterly profit Kraft revenue light, sees Cadbury boost EU ministers press Greece on extra deficit cuts Merck profit meets views, sees deal savings ahead HP, Dell report results as Wall St bets on PC sales Hyundai motors to U.S. mkt gains Business Update: Asia shares rise Microsoft launches Windows Phone 7 Stock futures gain as corporate earnings fuel optimism February 16, 2010 08:35 AM ET NEW YORK (Reuters) - Stock index futures rose on Tuesday as corporate earnings fueled investors' optimism on their return from a 3-day holiday. Full Article Barclays profit tops $18 billion February 16, 2010 08:24 AM ET LONDON (Reuters) - Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.20 billion), cheering investors with an improved balance sheet and boosting shares across the sector. Full Article Simon Property offers $10 billion for General Growth February 16, 2010 08:36 AM ET NEW YORK (Reuters) - Simon Property Group Inc , the largest U.S. real estate investment trust, made on Tuesday what it called a $10 billion offer for the bankrupt General Growth Properties Inc that would pay creditors back in full and end one of the largest U.S. bankruptcies on record. Full Article JP Morgan strikes $1.7 billion deal to buy RBS Sempra units February 16, 2010 08:29 AM ET LONDON (Reuters) - JP Morgan Chase is to buy the non-U.S. assets of commodities joint venture RBS Sempra from Royal Bank of Scotland and Sempra Energy for about $1.7 billion cash, roughly doubling its commodities client base. Full Article NY Fed index shows manufacturing grew faster in February February 16, 2010 08:33 AM ET NEW YORK (Reuters) - A gauge of manufacturing in New York state rose in February as inventories jumped, the New York Federal Reserve said in a report on Tuesday. Full Article Waste Management posts higher quarterly profit February 16, 2010 07:59 AM ET NEW YORK (Reuters) - Waste Management Inc on Tuesday said it posted a nearly 45 percent increase in net profit, helped by strong pricing and cost savings. Full Article Kraft revenue light, sees Cadbury boost February 16, 2010 08:31 AM ET BOCA RATON, Florida (Reuters) - Kraft Foods Inc posted quarterly revenue that fell short of Wall Street expectations, but said its recent acquisition of British chocolatier Cadbury Plc would accelerate long-term growth. Full Article EU ministers press Greece on extra deficit cuts February 16, 2010 05:26 AM ET BRUSSELS (Reuters) - Sweden's finance minister said on Tuesday Greece's deficit-reduction plan was not enough, raising pressure on Athens to do more to prevent a swollen debt and broader financial market trouble from getting out of hand. Full Article Merck profit meets views, sees deal savings ahead February 16, 2010 08:13 AM ET NEW YORK (Reuters) - Merck & Co posted quarterly revenue ahead of analysts' estimates on Tuesday, and stuck by its financial goals from its recently completed merger with rival drugmaker Schering-Plough Corp. Full Article HP, Dell report results as Wall St bets on PC sales February 16, 2010 07:50 AM ET SAN FRANCISCO (Reuters) - With computer hardware at the top of the shopping list for many companies this year, Hewlett-Packard Co and Dell Inc offer investors two different ways to play the information technology (IT) upgrade cycle. Full Article

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