Business Today: Stock futures gain as voters head to polls

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Good Morning Aron, TUE 02 Nov 2010    Stock futures gain as voters head to polls BP ups spill cost to $40 billion, profits beat forecast Pfizer sales lag, hurt by dollar and generic Lipitor Dell plans cloud computing acquisition and tablet PC push GM to sell over $13 billion of shares: sources BHP faces tough conditions as Potash decision looms MasterCard profit rises 15 percent Volcker does not expect overpowering results from Fed Warm weather and fewer events to hurt October sales Creditors sue Zell and banks over Tribune bankruptcy Toyota China sales fall China fast food firms fry up success TV shows reflect tough times Stock futures gain as voters head to polls November 02, 2010 08:00 AM ET NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday as investors awaited results from the mid-term elections and the outcome of the U.S. Federal Reserve's policy-setting meeting. Full Article BP ups spill cost to $40 billion, profits beat forecast November 02, 2010 08:14 AM ET LONDON (Reuters) - BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion on Tuesday, denting profits, but its underlying performance beat all expectations on higher refining margins and a lower tax rate. Full Article Pfizer sales lag, hurt by dollar and generic Lipitor November 02, 2010 08:26 AM ET NEW YORK (Reuters) - Pfizer Inc reported sales far below Wall Street forecasts on Tuesday, hurt by a stronger dollar, generic competition internationally for cholesterol drug Lipitor and weak revenue in emerging markets. Full Article Dell plans cloud computing acquisition and tablet PC push November 02, 2010 06:41 AM ET HONG KONG (Reuters) - Dell Inc, the world's No.2 PC maker, will announce an acquisition related to cloud computing on Tuesday, its chief executive said, while ramping up its tablet PC line to compete with rivals such as Apple. Full Article GM to sell over $13 billion of shares: sources November 01, 2010 07:40 PM ET NEW YORK (Reuters) - General Motors plans to sell just over $13 billion of shares in its IPO, people familiar with the matter said, cutting the U.S. government's stake while opening the door for investment by overseas state-backed investors. Full Article BHP faces tough conditions as Potash decision looms November 02, 2010 07:59 AM ET SYDNEY/OTTAWA (Reuters) - Canada is set to approve BHP Billiton's $39 billion bid for Potash Corp this week, a newspaper reported, but it might impose tough conditions which could threaten the world's biggest deal this year. Full Article MasterCard profit rises 15 percent November 02, 2010 08:23 AM ET NEW YORK (Reuters) - MasterCard Inc's third-quarter profit rose 15 percent, as international consumers ramped up their spending after a severe recession. Full Article Volcker does not expect overpowering results from Fed November 02, 2010 06:07 AM ET SINGAPORE (Reuters) - Former Federal Reserve Chairman Paul Volcker said on Tuesday he did not expect "overpowering results" from any policy easing the central bank adopts this week to try to revive the U.S. economic recovery. Full Article Warm weather and fewer events to hurt October sales November 02, 2010 12:19 AM ET NEW YORK (Reuters) - U.S. retailers are poised to report their weakest monthly sales gains in six months as unseasonably warm weather and fewer shopping events hurt demand for fall merchandise in a slowly recovering U.S. economy. Full Article Creditors sue Zell and banks over Tribune bankruptcy November 01, 2010 11:33 PM ET WILMINGTON, Delaware (Reuters) - Tribune Co creditors filed sprawling lawsuits on Monday that take aim at Sam Zell, his banks and advisers for the disastrous leveraged buyout that plunged the publisher into bankruptcy two years ago. Full Article

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