Business Today: Stock futures drop as earnings spark global slowdown worry

		Click to View in Browser 10/23/2012 Stock futures drop as earnings spark global slowdown worry NEW YORK (Reuters) - Stock index futures fell on Tuesday on concerns the slow global economy will continue to dent corporate revenues, with a trio of Dow components appearing to confirm investor worries. Bernanke probably won't stand for third term at Fed: NYT (Reuters) - Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported. 3M cuts profit outlook on currency concerns, deal costs (Reuters) - Diversified U.S. manufacturer 3M Co on Tuesday reported a 6.7 percent rise in third-quarter profit but cut its profit forecast for the full year as acquisition costs and a strengthening dollar hurt margins. As unconventional U.S. oil, gas boom, so do jobs: report WASHINGTON (Reuters) - The U.S. oil and gas rush is cutting into jobless numbers, supporting a total of 1.7 million jobs this year, a number that will swell to almost 3 million by 2020, a leading consultant said in a study released on Tuesday. Apple set to unwrap mini-iPad to take on Amazon, Google SAN FRANCISCO (Reuters) - Apple Inc is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc. DuPont to cut 1,500 jobs as economy worsens (Reuters) - DuPont slashed its annual forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, bleak signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. No anti-trust concerns over TNK-BP deal: Russia government MOSCOW (Reuters) - Russia's government has no objections to Rosneft's deal to buy TNK-BP on anti-trust grounds, Interfax reported the country's economy Minister Andrei Belousov saying on Tuesday. UPS third-quarter profit drops on slowing global trade (Reuters) - United Parcel Service Inc reported lower quarterly profit on Tuesday, citing slowing global trade, and said there was "some uncertainty" about the strength of the coming holiday season. Gadgets add complexity to brutal bank layoffs LONDON (Reuters) - In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data leaving with employees. Steep asset discounts set for Spain's bad bank: source MADRID (Reuters) - Spanish lenders will transfer newly constructed housing assets into Spain's bad bank at an average discount of 52.2 percent of original book value and second-hand housing at an average discount of 47.5 percent, a source with knowledge of the process said on Tuesday. Related Video Market Pulse: Time to sell dollar/yen rally? U.S. Morning Call: Apple set to unwrap mini-iPad Economic News Home resales slip, housing recovery still eyed Analysis: If U.S. goes over fiscal cliff, dollar could fly 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