Business Today: Stocks hit 2-year highs, dollar pressured before Fed

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Good Morning Aron, WED 03 Nov 2010    Stocks hit 2-year highs, dollar pressured before Fed BHP Potash bid decision looms, report of rival bid Fed to launch bold, risky effort to boost economy Private sector adds 43,000 jobs in October: report Freddie Mac says net loss $4.1 billion WellPoint, Aetna profits beat, raise 2010 outlooks Time Warner revenue rises, profit falls AOL revenue drops 26 percent on slumping ad sales SocGen rules out Basel cap hike, shares rise Lloyds poaches Santander's UK head as new CEO Republican hopes lift Wall Street Trade pacts could follow midterms The day ahead: November 3, 2010 Stocks hit 2-year highs, dollar pressured before Fed November 03, 2010 07:12 AM ET LONDON (Reuters) - World stocks hit a two-year high on Wednesday while emerging equities rose to their highest level since mid-2008 as investors anticipated more U.S. monetary easing would support the global economy. Full Article BHP Potash bid decision looms, report of rival bid November 03, 2010 07:30 AM ET SYDNEY/MOSCOW (Reuters) - Russian fertilizer company Phosagro plans to bid for Potash Corp, according to a media report, rivaling BHP Billiton's $39 billion offer awaiting a crucial ruling from the Canadian government. Full Article Fed to launch bold, risky effort to boost economy November 03, 2010 12:30 AM ET WASHINGTON (Reuters) - The Federal Reserve is expected to announce a controversial new policy on Wednesday to buy billions of dollars in government bonds in an attempt to breathe new life into the struggling U.S. economy. Full Article Private sector adds 43,000 jobs in October: report November 03, 2010 08:33 AM ET NEW YORK (Reuters) - U.S. private employers added 43,000 jobs in October compared to a revised loss of 2,000 jobs in September, a report by a payrolls processor showed on Wednesday. Full Article Freddie Mac says net loss $4.1 billion November 03, 2010 08:33 AM ET NEW YORK (Reuters) - Freddie Mac, the second-largest provider of U.S. residential mortgage funding, on Wednesday said ongoing weakness in housing resulted in a $4.1 billion third quarter net loss and another draw from the Treasury to maintain positive net worth. Full Article WellPoint, Aetna profits beat, raise 2010 outlooks November 03, 2010 07:47 AM ET NEW YORK (Reuters) - Two of the largest U.S. health insurers, WellPoint Inc and Aetna Inc , posted higher-than-expected profits on Wednesday and raised their full-year forecasts as investors cast their eyes on events in Washington. Full Article Time Warner revenue rises, profit falls November 03, 2010 07:29 AM ET NEW YORK (Reuters) - Time Warner Inc quarterly revenue rose 2 percent, slightly lower than analysts expectations against difficult comparisons from two blockbuster movies released a year earlier. Full Article AOL revenue drops 26 percent on slumping ad sales November 03, 2010 07:55 AM ET NEW YORK (Reuters) - AOL Inc reported a 26 percent decline in quarterly revenue, which was slightly better than analysts expected, but posted steep declines in search and display advertising as well as subscription sales. Full Article SocGen rules out Basel cap hike, shares rise November 03, 2010 07:43 AM ET PARIS (Reuters) - French bank Societe Generale said it would not need a capital increase to meet tougher industry rules and posted forecast-beating quarterly profit, calming investor fears over its financial firepower. Full Article Lloyds poaches Santander's UK head as new CEO November 03, 2010 08:13 AM ET LONDON/MADRID (Reuters) - British bank Lloyds poached Antonio Horta-Osorio, head of Santander's fast-growing British division, to be its next chief executive in a coup that deals a blow to its Spanish rival. Full Article

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