Business Today: Stock futures dip on profit-taking ahead of jobs report

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Good Morning Aron, FRI 05 Nov 2010    Stock futures dip on profit-taking ahead of jobs report AIG posts massive loss on sale and goodwill charges Fed may let strong banks hike dividends China and Germany belittle U.S. actions before G20 CFTC and SEC await advice from "flash crash" panel HSBC warns of harmful regulation, says profits up BofA fights pressure to buy back mortgages: report Wal-Mart unit involved in Japan insider trade probe BOJ holds fire after Fed and gets asset buying plan going Canada lets slip one reason for blocking BHP bid APEC nations devise forex strategies Bidding wars back at art auctions Big business for Obama in India Stock futures dip on profit-taking ahead of jobs report November 05, 2010 08:02 AM ET NEW YORK (Reuters) - U.S. stock index futures edged lower on Friday as investors booked profits on the heels of a Wall Street rally to a two-year high and ahead of an all-important jobs report. Full Article AIG posts massive loss on sale and goodwill charges November 05, 2010 07:27 AM ET NEW YORK (Reuters) - Bailed-out insurer American International Group lost more than $2 billion in the third quarter as charges for the discount sale of its consumer finance unit offset growth in its general insurance business. Full Article Fed may let strong banks hike dividends November 05, 2010 08:17 AM ET WASHINGTON (Reuters) - The Federal Reserve is expected to soon allow some healthy banks with strong capital levels to increase dividend payments, according to people familiar with the decision. Full Article China and Germany belittle U.S. actions before G20 November 05, 2010 07:34 AM ET BEIJING/BERLIN, Japan (Reuters) - China rebuffed on Friday a U.S. plan to set target limits for trade imbalances and Germany dubbed the Fed's money-printing policy "clueless," setting the stage for what could be a fractious G20 summit next week. Full Article CFTC and SEC await advice from "flash crash" panel November 05, 2010 01:26 AM ET WASHINGTON (Reuters) - U.S. regulators may get the ammunition they need to impose new market rules when they meet an advisory panel on Friday to discuss the May 6 plunge that briefly sent the equities market and related futures into a tailspin. Full Article HSBC warns of harmful regulation, says profits up November 05, 2010 07:43 AM ET LONDON (Reuters) - HSBC said tougher European rules on pay and a UK bank tax were causing it harm and left it assessing whether to stay in London, as it reported profits so far this year "well ahead" of a year ago. Full Article BofA fights pressure to buy back mortgages: report November 05, 2010 03:32 AM ET (Reuters) - Bank of America Corp on Thursday fended off demands from a group of big investors, including the New York Federal Reserve Bank, to buy back troubled mortgages because they were made improperly, the New York Times reported. Full Article Wal-Mart unit involved in Japan insider trade probe November 05, 2010 05:05 AM ET TOKYO (Reuters) - Wal-Mart Stores, the world's biggest retailer, said it was cooperating with an investigation into possible insider trading related to its takeover of Japanese retail chain Seiyu Ltd. Full Article BOJ holds fire after Fed and gets asset buying plan going November 05, 2010 02:37 AM ET TOKYO (Reuters) - The Bank of Japan refrained from further monetary easing on Friday, resisting for now any temptation to boost its asset buying scheme to keep pace with the Federal Reserve's new economic stimulus. Full Article Canada lets slip one reason for blocking BHP bid November 05, 2010 05:14 AM ET OTTAWA/TORONTO (Reuters) - Canada's farm minister offered one reason that Canada blocked the proposed takeover of Potash Corp on Thursday, but markets will have to wait a month for all the details to emerge. Full Article

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