Business Today: China move on inflation pushes futures lower

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Good Morning Aron, FRI 19 Nov 2010    China move on inflation pushes futures lower Bernanke hits back at Fed critics Ireland aid plan due next week as contagion fears persist Dell's margins blow by Street and shares rise China raises bank reserves again as inflation fight Qantas A380s may not fly for several weeks: source Heinz sales hurt by currency Nestle changes sales reporting to align with IFRS Special report: A far from random walk from Wall Street Lawmakers hit banks, regulators on foreclosures U.S-Japan push eco-biz ties Obama hails GM IPO GM, Ireland lift spirits China move on inflation pushes futures lower November 19, 2010 08:23 AM ET NEW YORK (Reuters) - U.S. stock index futures were lower on Friday after China's central bank took steps to battle inflation. Full Article Bernanke hits back at Fed critics November 19, 2010 08:18 AM ET FRANKFURT/WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke hit back on Friday at critics of the U.S. central bank's bond-buying program and issued a thinly veiled attack on China's policy of keeping its currency on a leash. Full Article Ireland aid plan due next week as contagion fears persist November 19, 2010 08:25 AM ET BRUSSELS/DUBLIN (Reuters) - A financial aid plan to help Ireland cope with its battered banks will be unveiled next week, EU sources said on Friday, but experts warned a rescue may not be enough to prevent contagion in the single currency bloc. Full Article Dell's margins blow by Street and shares rise November 18, 2010 07:09 PM ET SAN FRANCISCO (Reuters) - Dell Inc raised its yearly income forecast after third-quarter margins and earnings smashed expectations, helped by sliding costs of PC components and propelling its shares 4.8 percent higher. Full Article China raises bank reserves again as inflation fight November 19, 2010 08:21 AM ET BEIJING (Reuters) - China ordered lenders on Friday to lock up more of their money at the central bank for the second time in two weeks, stepping up its battle to pull excess cash out of the economy before inflation has a chance to take off. Full Article Qantas A380s may not fly for several weeks: source November 19, 2010 07:13 AM ET SYDNEY/LONDON (Reuters) - Airbus A380s operated by Qantas Airways may be grounded for weeks as Rolls-Royce plans how to fix an engine problem which forced one of the superjumbos into an emergency landing, sources said. Full Article Heinz sales hurt by currency November 19, 2010 08:01 AM ET NEW YORK (Reuters) - Ketchup maker H.J. Heinz Co posted higher quarterly profit on Friday, though the stronger dollar hurt sales overseas. Full Article Nestle changes sales reporting to align with IFRS November 19, 2010 01:57 AM ET ZURICH (Reuters) - Nestle , the world's biggest food group, said on Friday it will change its sales recognition policy to reflect international standards, a move which is expected to reduce reported sales by 15 percent. Full Article Special report: A far from random walk from Wall Street November 19, 2010 08:14 AM ET NEW YORK (Reuters) - Leanne Chase took her money out of stocks in early June 2008 before the collapse of Lehman Brothers sparked a near-panic. She said she and her husband had the same feeling they had during the dot-com bubble: The market had become just "weird." Full Article Lawmakers hit banks, regulators on foreclosures November 18, 2010 06:50 PM ET WASHINGTON (Reuters) - Lawmakers hauled the top U.S. mortgage lenders and their regulators to Capitol Hill on Thursday to chastise them for widespread flaws in foreclosure documents, but failed to extract any promises of fines or fresh loan modification programs. Full Article

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