Business Today: Markets to open lower on Greece, earnings help Dow

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Good Morning Aron, TUE 27 Apr 2010    Markets to open lower on Greece, earnings help Dow Ford posts quarterly profit, raises 2010 outlook Goldman shouldn't be judged as "evil empire" UPS posts higher first-quarter profit Financial reform bill stumbles in Senate Markets pound Greek debt on bailout uncertainty DuPont profit more than doubles; forecast raised 3M profit beats; company raises outlook Porsche recalls all Panameras in embarrassing move Deutsche Bank, Lloyds profits revive as bad debts improve UK polls raise public spending fears Business Update: Asia profit-taking Expo too much for China migrants Markets to open lower on Greece, earnings help Dow April 27, 2010 08:38 AM ET NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Tuesday after Germany demanded new austerity measures from Greece, prompting worries over Greek debt, although strong earnings reports limited losses in the Dow. Full Article Ford posts quarterly profit, raises 2010 outlook April 27, 2010 08:04 AM ET DETROIT (Reuters) - Ford Motor Co posted a $2.1 billion first-quarter profit that exceeded Wall Street forecasts as North American production and sales picked up, and it raised its 2010 outlook to "solidly profitable." Full Article Goldman shouldn't be judged as "evil empire" April 27, 2010 12:34 AM ET BEVERLY HILLS, California (Reuters) - Goldman Sachs Group Inc will want a judgment based on 'merits and facts' in the fraud case against it rather than popular opinion that it is an 'evil empire', a senior lawyer from the firm that represents it said on Monday. Full Article UPS posts higher first-quarter profit April 27, 2010 08:13 AM ET NEW YORK (Reuters) - United Parcel Service , the world's largest package delivery service, reported sharply higher first-quarter earnings on Tuesday and confirmed its outlook for the year. Full Article Financial reform bill stumbles in Senate April 27, 2010 06:27 AM ET WASHINGTON (Reuters) - The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill. Full Article Markets pound Greek debt on bailout uncertainty April 27, 2010 08:28 AM ET ATHENS (Reuters) - The cost of insuring Greece's debt against default hit a record high and its borrowing costs soared on Tuesday after Germany's junior coalition party said Berlin was not certain to put its weight behind a financial rescue. Full Article DuPont profit more than doubles; forecast raised April 27, 2010 07:22 AM ET NEW YORK (Reuters) - DuPont said first-quarter profit more than doubled, beating Wall Street expectations, on surging demand in emerging markets and sales of specialty chemicals. Full Article 3M profit beats; company raises outlook April 27, 2010 08:17 AM ET CHICAGO (Reuters) - Diversified manufacturer 3M Co posted a higher-than-expected quarterly profit on Tuesday and raised its sales and profit forecasts for the full year, citing strong demand for its products in developing economies. Full Article Porsche recalls all Panameras in embarrassing move April 27, 2010 07:23 AM ET FRANKFURT (Reuters) - Performance sports car maker Porsche AG's sterling reputation for quality took a severe dent on Tuesday, when it recalled every Panamera it built only months after the model line was launched to much fanfare. Full Article Deutsche Bank, Lloyds profits revive as bad debts improve April 27, 2010 06:01 AM ET FRANKFURT/LONDON (Reuters) - Deutsche Bank delivered record investment bank earnings and European peers Lloyds and Swedbank swung to surprise profits on Tuesday as an economic recovery picked up to aid the embattled industry. Full Article

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