Business Today: Futures gain on strong earnings

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Good Morning Aron, TUE 27 Jul 2010    Futures gain on strong earnings BP replaces CEO and posts $17 billion quarterly loss UBS outshines Deutsche Bank CIT Q2 profit beats Street view Europe banks say stress tests positive Lockheed posts profit DuPont shares surge after profit nearly triples Lexmark posts higher-than-expected profit Occidental Q2 profit spikes but misses Street Western Union's Q2 profit tops Street view BP's Hayward to step down on Oct 1 Asian shares up before key earnings Nissan eyes $600 mln on Mexico plant Futures gain on strong earnings July 27, 2010 07:56 AM ET NEW YORK (Reuters) - Upbeat corporate results from both sides of the Atlantic lifted U.S. stock index futures on Tuesday, setting up Wall Street for a fourth straight day of gains. Full Article BP replaces CEO and posts $17 billion quarterly loss July 27, 2010 07:38 AM ET LONDON (Reuters) - Oil giant BP Plc launched a plan to repair its battered image in the United States on Tuesday, ditching its gaffe-prone chief executive and promising to slim down by trebling an asset sale target to $30 billion. Full Article UBS outshines Deutsche Bank July 27, 2010 07:43 AM ET ZURICH/FRANKFURT (Reuters) - UBS flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by the European sovereign debt crisis. Full Article CIT Q2 profit beats Street view July 27, 2010 08:26 AM ET NEW YORK (Reuters) - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates. Full Article Europe banks say stress tests positive July 27, 2010 07:09 AM ET LONDON (Reuters) - Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but showed up some weak spots, according to a survey. Full Article Lockheed posts profit July 27, 2010 08:03 AM ET ATLANTA (Reuters) - Lockheed Martin Corp , the world's largest defense contractor, posted a higher-than-expected quarterly profit on Tuesday as revenue rose. Full Article DuPont shares surge after profit nearly triples July 27, 2010 07:36 AM ET NEW YORK (Reuters) - DuPont on Tuesday said its second-quarter profit nearly tripled due to a surge in sales and volume across all six of its business segments, sending its shares up 3.3 percent in premarket trading. Full Article Lexmark posts higher-than-expected profit July 27, 2010 07:41 AM ET NEW YORK (Reuters) - Lexmark International Inc posted a higher-than-expected quarterly profit on Tuesday on strong sales of printers and supplies, and as improved demand for services helped beef up margins. Full Article Occidental Q2 profit spikes but misses Street July 27, 2010 07:54 AM ET NEW YORK (Reuters) - Occidental Petroleum Corp posted a 57 percent increase in quarterly profit on Tuesday, as higher energy prices gave a big boost to the fourth-largest U.S. oil company, but results still missed expectations. Full Article Western Union's Q2 profit tops Street view July 27, 2010 08:02 AM ET NEW YORK (Reuters) - Western Union Co reported a quarterly profit above Wall Street estimates, helped by a rise in revenue from its consumer-to-consumer segment. Full Article

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