Business Today: GM to acquire AmeriCredit for $3.5 billion

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good Morning Aron, THU 22 Jul 2010    GM to acquire AmeriCredit for $3.5 billion Stock futures climb on eBay, Qualcomm earnings 3M profit tops Wall Street view, raises forecast Caterpillar profit tops view, raises forecast AT&T beats profit view, raises outlook Bulk of MF Global London fuel oil team quit, sources say JetBlue posts bigger quarterly profit Philip Morris, Reynolds earnings beat estimates Nokia profits drop, CEO wants exit talk to stop Xerox profit beats street Asian shares slip on Bernanke Strikes end at two S.China plants Yen clouds Japan recovery hopes GM to acquire AmeriCredit for $3.5 billion July 22, 2010 08:29 AM ET DETROIT (Reuters) - General Motors Co said on Thursday it would acquire auto finance company AmeriCredit Corp for $3.5 billion in cash in a deal aimed at easing financing terms for subprime car shoppers. Full Article Stock futures climb on eBay, Qualcomm earnings July 22, 2010 07:55 AM ET NEW YORK (Reuters) - Stock index futures rose on Thursday, pointing to a rebound from Wednesday's sell-off after eBay posted solid earnings and Qualcomm boosted its outlook. Full Article 3M profit tops Wall Street view, raises forecast July 22, 2010 08:18 AM ET BOSTON (Reuters) - Diversified U.S. manufacturer 3M Co reported earnings that beat Wall Street's expectations and raised its forecast for the year, boosted by strong demand in key emerging markets. Full Article Caterpillar profit tops view, raises forecast July 22, 2010 08:27 AM ET CHICAGO (Reuters) - Caterpillar Inc reported stronger-than-expected quarterly profit and raised its full-year outlook, citing sales growth in emerging markets, especially from customers in mining and energy. Full Article AT&T beats profit view, raises outlook July 22, 2010 08:09 AM ET NEW YORK (Reuters) - AT&T Inc posted a better-than-expected profit and said it was more optimistic on growth prospects for the year and its shares rose 1.1 percent in premarket trade. Full Article Bulk of MF Global London fuel oil team quit, sources say July 22, 2010 08:27 AM ET SINGAPORE (Reuters) - Futures brokerage MF Global Holdings has lost eight brokers from its nine-man London fuel oil swaps desk, two industry sources said on Thursday. Full Article JetBlue posts bigger quarterly profit July 22, 2010 08:10 AM ET WASHINGTON (Reuters) - JetBlue Airways boosted quarterly profitability and beat Wall Street expectations on record revenues and expressed optimism on Thursday for the rest of the year. Full Article Philip Morris, Reynolds earnings beat estimates July 22, 2010 08:19 AM ET CHICAGO (Reuters) - Cigarette makers Philip Morris International Inc and Reynolds American Inc posted higher-than-expected quarterly profits and raised their 2010 earnings forecast, showing the strength of the tobacco business even in a weak global economy. Full Article Nokia profits drop, CEO wants exit talk to stop July 22, 2010 07:54 AM ET HELSINKI (Reuters) - Nokia reported on Thursday a sharp drop in second-quarter profits, increasing the pressure on embattled Chief Executive Olli-Pekka Kallasvuo. Full Article Xerox profit beats street July 22, 2010 07:39 AM ET NEW YORK (Reuters) - Xerox Corp posted a higher-than-expected second quarter profit on Thursday, fueled by solid demand for printing and outsourcing services, and the company boosted its full-year outlook. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers