Business Today: Bernanke says sees case for more Fed easing

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Good Morning Aron, FRI 15 Oct 2010    Bernanke says sees case for more Fed easing Stock futures turn positive on Bernanke comments GE revenue falls short of Street view China's Sinochem abandons Potash bid plan: sources Mattel profit beats and optimistic about holidays U.S. to judge China's yuan policy as elections near Google trumps Wall Street targets GM on track for mid-November IPO: sources Special report: Globally, the flash crash is no flash in the pan SEC and Mozilo in talks to settle civil fraud case: report S'pore investor drops Liverpool bid Japan eyes yen move, Asia banks ease Google revenues surge, defies costs Bernanke says sees case for more Fed easing October 15, 2010 08:37 AM ET WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday high unemployment and low inflation point to a need for a further easing of U.S. monetary policy, but said policymakers were still weighing how aggressive they should be. Full Article Stock futures turn positive on Bernanke comments October 15, 2010 08:22 AM ET NEW YORK (Reuters) - Stock index futures turned positive on Friday after Federal Reserve Chairman Ben Bernanke said current economic conditions warranted further easing. Full Article GE revenue falls short of Street view October 15, 2010 08:08 AM ET BOSTON (Reuters) - General Electric Co reported a sharper-than-expected drop in revenue on slack demand for heavy equipment, casting doubts about the pace of the U.S. recovery from the worst economy since the Great Depression. Full Article China's Sinochem abandons Potash bid plan: sources October 15, 2010 03:24 AM ET BEIJING/SINGAPORE (Reuters) - China's Sinochem Corp has abandoned efforts to make a rival offer for Potash Corp as part of plans to spoil BHP Billiton Plc's $39 billion bid for the Canadian fertilizer maker, sources with knowledge of the matter told Reuters. Full Article Mattel profit beats and optimistic about holidays October 15, 2010 07:31 AM ET NEW YORK (Reuters) - Mattel Inc reported a slightly higher-than-expected quarterly profit, helped by classic brands like Barbie and newer lines like Disney Princess and Monster High dolls, and struck a positive note ahead of the busiest selling period of the year. Full Article U.S. to judge China's yuan policy as elections near October 15, 2010 02:52 AM ET WASHINGTON (Reuters) - President Barack Obama's administration faces a tough call on Friday whether to label China a currency manipulator, a move many U.S. lawmakers say is overdue but one that could sour Sino-U.S. relations. Full Article Google trumps Wall Street targets October 15, 2010 06:18 AM ET SAN FRANCISCO (Reuters) - Google Inc eased fears that big spending would erode margins as its results blew past Wall Street's targets, and the Web search leader revealed for the first time the strength of its fledgling mobile and online display ad businesses. Full Article GM on track for mid-November IPO: sources October 15, 2010 01:18 AM ET NEW YORK (Reuters) - General Motors Co is on track to move ahead with its initial public offering during the week of November 15 after a recent round of meetings with sovereign wealth funds, sources with knowledge of preparation for the deal said. Full Article Special report: Globally, the flash crash is no flash in the pan October 15, 2010 07:17 AM ET PARIS (Reuters) - The 20-minute "flash crash" will reverberate for quite some time to come. Full Article SEC and Mozilo in talks to settle civil fraud case: report October 15, 2010 01:09 AM ET BANGALORE (Reuters) - Securities and Exchange Commission (SEC) and former Countrywide Financial Corp Chief Executive Angelo Mozilo are in discussions to settle the civil fraud case, the Wall Street Journal said, citing people familiar with the matter. Full Article

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