Business Today: Stock futures dip on Google; GE, BofA earnings curb losses

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Good Morning Aron, FRI 16 Apr 2010    Stock futures dip on Google; GE, BofA earnings curb losses BofA profit beats expectations GE profit tops Street view as cost cuts pay off Housing starts, permits rise in March Europe reviews options to tackle Greek debt crisis Mattel surprises with quarterly profit Around 60 percent CDS could clear centrally say experts BofA Merrill Lynch, Symphony Asset team up for CLO: report Cost cuts help drive Sony Ericsson to Q1 profit Credit Suisse taps JPM exec to head India i-banking Toyota may see $10 bln liability Vineyards aim to cork counterfeiters Getting the next tax break Stock futures dip on Google; GE, BofA earnings curb losses April 16, 2010 08:11 AM ET NEW YORK (Reuters) - U.S. stock index futures edged lower on Friday after Google earnings failed to meet lofty expectations, but strong results from GE and Bank of America stemmed declines. Full Article BofA profit beats expectations April 16, 2010 07:58 AM ET CHARLOTTE, North Carolina (Reuters) - Bank of America Corp reported higher-than-expected first-quarter earnings on Friday as it set aside less money to cover bad loans. Full Article GE profit tops Street view as cost cuts pay off April 16, 2010 08:27 AM ET BOSTON (Reuters) - General Electric Co posted earnings that topped Wall Street's view and expects profit to rise through the rest of 2010 as energy and aviation markets pick up, calling the end to a two-year slump. Full Article Housing starts, permits rise in March April 16, 2010 08:33 AM ET WASHINGTON (Reuters) - U.S. housing starts rose more than expected in March to their highest level since November 2008 and permits to build new homes scaled a 17- month high, according to a government report on Friday that offered hope the housing market recovery remained on course. Full Article Europe reviews options to tackle Greek debt crisis April 16, 2010 07:42 AM ET MADRID/ATHENS (Reuters) - European finance ministers discussed Greece's debt crisis on Friday but said Athens was seeking to clarify how an emergency aid mechanism would work, rather than requesting it. Full Article Mattel surprises with quarterly profit April 16, 2010 06:59 AM ET NEW YORK (Reuters) - No. 1 toy company Mattel Inc surprised Wall Street with a quarterly profit on strong demand for its classic brands and newer product lines, in yet another sign of a revival in consumer demand. Full Article Around 60 percent CDS could clear centrally say experts April 16, 2010 03:06 AM ET LONDON (Reuters) - Around 60 percent of the $24.8 trillion credit derivatives market can rapidly move to central clearing and reduce systemic risk, but moving much beyond that could be counterproductive, according to market experts. Full Article BofA Merrill Lynch, Symphony Asset team up for CLO: report April 16, 2010 01:05 AM ET (Reuters) - Bank of America Merrill Lynch and Symphony Asset Management have joined forces on a new $500 million collateralized loan obligation, the Wall Street Journal said. Full Article Cost cuts help drive Sony Ericsson to Q1 profit April 16, 2010 05:00 AM ET STOCKHOLM (Reuters) - Mobile phone maker Sony Ericsson swung to a surprise first-quarter profit as its push into the growing smartphone market and hefty cost cuts boosted margins. Full Article Credit Suisse taps JPM exec to head India i-banking April 16, 2010 06:21 AM ET MUMBAI (Reuters) - Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , to beef up its investment banking business in India. Full Article

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