Business Today: Stock futures higher after Fed, Visa earnings

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Good Morning Aron, THU 29 Apr 2010    Stock futures higher after Fed, Visa earnings Exxon quarterly profit up 38 percent but misses Street ECB's Weber urges swift Greek aid to prevent contagion Procter & Gamble profit tops its view Aetna profit tops estimates, raises forecast Goldman set to settle SEC fraud case soon: report Motorola posts profit, smartphone sales rise HP to buy Palm in bet on smartphone arena Investors pile back into stocks, shed bonds Colgate profit falls due to Venezuela charge U.S. oil spill growing IMF: China currency undervalued Business Update: Asia eyes Europe Stock futures higher after Fed, Visa earnings April 29, 2010 07:37 AM ET NEW YORK (Reuters) - U.S. stock index futures rose on Thursday, looking to add to gains in the previous session after the Federal Reserve pledged to keep rates low for an extended period and Visa reported strong quarterly results. Full Article Exxon quarterly profit up 38 percent but misses Street April 29, 2010 08:35 AM ET HOUSTON (Reuters) - Exxon Mobil Corp said Thursday that first-quarter profit rose 38 percent as the largest U.S. oil company benefited from crude prices that nearly doubled from a year ago, but the results missed Wall Street expectations. Full Article ECB's Weber urges swift Greek aid to prevent contagion April 29, 2010 08:13 AM ET BERLIN (Reuters) - ECB Governing Council member Axel Weber said on Thursday the impact of any Greek debt default on other states would be "incalculable" and urged quick approval of an aid package to prevent market upheaval and contagion to other states. Full Article Procter & Gamble profit tops its view April 29, 2010 07:38 AM ET CHICAGO (Reuters) - Procter & Gamble Co posted a higher profit than it anticipated, helped by growth in developing markets and its biggest volume gain in 4-1/2 years, and it raised the low end of its fiscal-year earnings outlook. Full Article Aetna profit tops estimates, raises forecast April 29, 2010 07:15 AM ET NEW YORK (Reuters) - Aetna Inc posted better-than-expected first-quarter profit on Thursday as the health insurer spent less premium revenue on medical costs, and it raised its full-year forecast. Full Article Goldman set to settle SEC fraud case soon: report April 29, 2010 05:51 AM ET LONDON (Reuters) - Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week. Full Article Motorola posts profit, smartphone sales rise April 29, 2010 07:29 AM ET NEW YORK (Reuters) - Motorola Inc posted a quarterly profit versus a year-earlier loss as it sold more smartphones than Wall Street estimated even as overall phone sales declined faster than expected. Full Article HP to buy Palm in bet on smartphone arena April 29, 2010 02:32 AM ET SAN FRANCISCO (Reuters) - Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc , betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM . Full Article Investors pile back into stocks, shed bonds April 29, 2010 07:07 AM ET NEW YORK (Reuters) - U.S. fund managers increased their already high exposure to equities in April and decreased bond allocations on signs the economic recovery is sustainable, a Reuters poll showed on Thursday. Full Article Colgate profit falls due to Venezuela charge April 29, 2010 07:19 AM ET CHICAGO (Reuters) - Colgate-Palmolive Co posted a sharp rise in sales, but profit fell as it took a hefty charge to account for hyper-inflation in Venezuela. Full Article

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