Business Today: Stock futures tick up as dollar eases, jobless data due

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Good Morning Aron, THU 28 Oct 2010    Stock futures tick up as dollar eases, jobless data due Exxon quarterly profit up 55 pct, tops Street Jobless claims drop to 3-month low Mortgage battle gains steam as investors recruited Funds dump U.S. stocks for emerging markets: Reuters poll JPMorgan, HSBC sued for alleged silver conspiracy Motorola revenue up on strong smartphone sales Potash Corp profit surges past expectations Wal-Mart may scale back bid, keep Massmart listed Nissan to fix 2.14 million cars in 3rd biggest recall Hyundai Motor's Q3 net jumps 38% Chip giant Hynix sees profit soar Midterm elections: The jobs picture Stock futures tick up as dollar eases, jobless data due October 28, 2010 08:03 AM ET NEW YORK (Reuters) - Stocks rose modestly on Thursday as the dollar slipped with investors continuing to adjust expectations of further monetary stimulus, while data on the labor market was due later in the morning. Full Article Exxon quarterly profit up 55 pct, tops Street October 28, 2010 08:16 AM ET HOUSTON (Reuters) - Exxon Mobil , the world's largest publicly traded oil company, said on Thursday its quarterly profit rose 55 percent, surpassing expectations, as higher crude prices boosted results in its exploration business. Full Article Jobless claims drop to 3-month low October 28, 2010 08:34 AM ET WASHINGTON (Reuters) - New claims for unemployment benefits unexpectedly fell last week, touching their lowest level in three months, a government report showed on Thursday. Full Article Mortgage battle gains steam as investors recruited October 28, 2010 05:49 AM ET NEW YORK (Reuters) - A group of mortgage investors seeking to pressure lenders to buy back potentially billions of dollars in bad loans says its ranks are swelling and it will soon deliver strong evidence that banks have treated investors unfairly. Full Article Funds dump U.S. stocks for emerging markets: Reuters poll October 28, 2010 08:09 AM ET LONDON (Reuters) - Solid growth in emerging markets and a struggling U.S. economy prompted global investors to pump money into Asian and Latin American stocks in October, Reuters polls showed on Thursday. Full Article JPMorgan, HSBC sued for alleged silver conspiracy October 28, 2010 08:27 AM ET NEW YORK (Reuters) - JPMorgan Chase & Co and HSBC Holdings Plc were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits. Full Article Motorola revenue up on strong smartphone sales October 28, 2010 07:32 AM ET NEW YORK (Reuters) - Motorola Inc said on Thursday its mobile devices business posted an operating profit for the first time in over three years on better-than-expected sales of smartphones based on Google Inc's Android mobile software. Full Article Potash Corp profit surges past expectations October 28, 2010 08:01 AM ET TORONTO (Reuters) - Potash Corp posted a 62 percent rise in quarterly earnings on Thursday, far surpassing forecasts, as a run-up in grain prices spurred robust demand for fertilizer from the world's No.1 supplier. Full Article Wal-Mart may scale back bid, keep Massmart listed October 28, 2010 07:21 AM ET JOHANNESBURG (Reuters) - Wal-Mart , the world's biggest retailer, may scale back its $4 billion bid for Massmart by nearly half, a move that could keep the South African firm listed in Johannesburg. Full Article Nissan to fix 2.14 million cars in 3rd biggest recall October 28, 2010 06:46 AM ET TOKYO (Reuters) - Nissan Motor Co said on Thursday it would recall 2.14 million March/Micra, Cube and about a dozen other models in its third-biggest recall, to fix a faulty ignition relay that could cause engine problems. Full Article

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