Business Today: Stock futures up on earnings

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Good Morning Aron, THU 21 Oct 2010    Stock futures up on earnings Caterpillar tops Street, raises forecast Geithner gambit on imbalance targets falls flat Jobless claims fall 23,000 last week McDonald's sales and profit top expectations Toyota to recall 1.66 million Avalon, other cars AT&T revenue rises on strong iPhone sales Lenders in talks with states on foreclosure probes: report Lilly tops forecast on cost cuts, sales fall short China economy hums along Asian shares down on China, yen. China's economy hums along From web buzz to buy Stock futures up on earnings October 21, 2010 08:07 AM ET NEW YORK (Reuters) - Stock index futures rose on Thursday on strong corporate earnings, including Caterpillar, a weaker U.S. dollar and reassuring data from China. Full Article Caterpillar tops Street, raises forecast October 21, 2010 08:25 AM ET CHICAGO (Reuters) - Caterpillar Inc reported stronger-than-expected quarterly earnings on Thursday and raised its full-year forecast, citing especially strong demand for its construction and mining equipment in the developing world. Full Article Geithner gambit on imbalance targets falls flat October 21, 2010 08:30 AM ET GYEONGJU, South Korea (Reuters) - India, Russia and Germany on Thursday rejected a U.S. proposal for numerical targets for "sustainable" trade surpluses and deficits as a way to help rebalance the global economy. Full Article Jobless claims fall 23,000 last week October 21, 2010 08:35 AM ET WASHINGTON (Reuters) - New claims for unemployment benefits fell more than expected last week, government data showed on Thursday, pointing to some improvement in the labor market. Full Article McDonald's sales and profit top expectations October 21, 2010 08:27 AM ET DETROIT (Reuters) - McDonald's Corp posted on Thursday better-than-expected September sales at established restaurants as well as a quarterly profit that beat analysts' expectations, sending shares up 1.8 percent. Full Article Toyota to recall 1.66 million Avalon, other cars October 21, 2010 08:30 AM ET TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would repair 1.66 million Avalon and other vehicles, mostly in Japan and the United States, in the latest large-scale recall to plague the world's biggest automaker. Full Article AT&T revenue rises on strong iPhone sales October 21, 2010 08:05 AM ET NEW YORK (Reuters) - AT&T Inc's quarterly revenue grew 2.8 percent, ahead of Wall Street estimates on strong sales of Apple Inc's iPhone. Full Article Lenders in talks with states on foreclosure probes: report October 21, 2010 07:33 AM ET BANGALORE (Reuters) - Several U.S. lenders including JPMorgan Chase and Bank of America, and their legal advisers, have started talks with state attorneys general to resolve a probe of foreclosure practices, the Wall Street Journal said. Full Article Lilly tops forecast on cost cuts, sales fall short October 21, 2010 07:28 AM ET NEW YORK (Reuters) - Eli Lilly and Co on Thursday reported better-than-expected quarterly earnings, helped by tight cost controls, but sales fell short of Wall Street forecasts. Full Article China economy hums along October 21, 2010 08:08 AM ET BEIJING (Reuters) - China's growth ebbed in the third quarter while inflation edged higher, suggesting that the world's second-largest economy was far from overheating and that an interest rate rise this week may be enough for now. Full Article

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