Business Today: Stock futures drop as earnings disappoint

		Click to View in Browser 10/19/2012 Stock futures drop as earnings disappoint NEW YORK (Reuters) - Stock index futures dipped on Friday in the wake of disappointing results from Microsoft and Google a day earlier, and after General Electric reported improved profit but fell short of revenue estimates. GE profit meets estimates, revenue falls short (Reuters) - General Electric Co notched an 8.3 percent rise in quarterly earnings, but its shares slipped 2 percent in premarket trading as revenue fell shy of analysts' expectations. Europe pushes ahead towards ECB bank supervision BRUSSELS (Reuters) - European Union leaders agreed on Friday a single supervisor will take responsibility for overseeing euro zone banks from next year. McDonald's lower quarterly profit misses estimate (Reuters) - McDonald's Corp missed Wall Street's expectations for the second quarter in a row and said October sales at existing restaurants have fallen as the economy and competitive pressures hit the world's biggest fast-food chain. Airbus to double U.S. spending by 2020 LOS ANGELES (Reuters) - Airbus, which last year paid $12 billion to U.S. suppliers of the parts and services it needs to build its planes, will double that spending by 2020 as it gears up to build a new plant in Mobile, Alabama. Barclays cuts Microsoft price target, others await Windows 8 launch (Reuters) - Barclays Capital cut its price target on Microsoft Inc's stock after the world's largest software company reported a greater-than-expected dip in its quarterly profit. Honeywell's profit rises 10 percent, tops Wall Street view (Reuters) - Diversified U.S. manufacturer Honeywell International Inc reported a 10 percent rise in quarterly earnings as declining natural gas prices helped boost profits at its UOP chemical arm, offsetting weakness in Europe. BP board considers Rosneft bid for TNK-BP LONDON/MOSCOW (Reuters) - Rosneft is poised to secure a tighter grip on Russia's oil industry by buying BP's 50 percent stake in TNK-BP , the country's third largest producing company. Petrobras to cut up to 15 billion reais in 2013: report RIO DE JANEIRO (Reuters) - Brazil state-led oil company Petrobras plans to cut between 5 billion reais ($2.5 billion) and 15 billion reais ($7.43 billion) from its operational costs in 2013, Brazilian newspaper O Globo reported on Friday. Hong Kong tycoon Richard Li returns to insurance with $2.1 billion ING deal HONG KONG (Reuters) - Hong Kong businessman Richard Li, the younger son of Asia's richest man, is buying ING's Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash, bringing the Dutch financial services company a step closer to paying off its state bailout. Related Video Reuters Right Now: GE profit up, but revenue misses forecasts U.S. Morning Call: GE energized in Q3; profit shoots up 8.3% Economic News Jobless claims hint labor market improving slowly VC investments fall to $6.49 billion in third quarter A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend