Business Today: Stock futures dip after run-up as P&G and Dow weigh

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Good Morning Aron, TUE 03 Aug 2010    Stock futures dip after run-up as P&G and Dow weigh Pfizer beats Street as merger savings paying off Sanofi sends $69/share offer to Genzyme: sources BlackBerry maker facing spy, porn demands Consumer spending and incomes flat in June Special Report: Smart money in real estate is on smart growth P&G profit misses on marketing new items Dow Chemical profit and revenue miss Wall Street views Geithner: unemployment could rise MasterCard profit rises 31 percent Asia stocks hit 3-month high Asahi eyes Asian beverage M&A Wall Street hits 10-week high Stock futures dip after run-up as P&G and Dow weigh August 03, 2010 08:20 AM ET NEW YORK (Reuters) - Stock index futures fell on Tuesday, easing back after Wall Street closed at its highest level in 10 weeks, following disappointing results from Dow Chemical and Procter & Gamble that pushed investors to the sidelines. Full Article Pfizer beats Street as merger savings paying off August 03, 2010 08:37 AM ET NEW YORK (Reuters) - Pfizer reported higher-than-expected quarterly earnings and revenue, and the world's biggest drugmaker said its full-year profit will be at the upper end of its prior view as savings continue to pile on from its recent merger with Wyeth. Full Article Sanofi sends $69/share offer to Genzyme: sources August 03, 2010 07:11 AM ET BOSTON/PHILADELPHIA (Reuters) - Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer, sources familiar with the situation said on Monday. Full Article BlackBerry maker facing spy, porn demands August 03, 2010 08:04 AM ET NEW DELHI/DUBAI (Reuters) - BlackBerry maker Research In Motion is willing to block porn sites and let government spies snoop on users, newspapers reported on Tuesday, following a shock ban on its key services in the Gulf. Full Article Consumer spending and incomes flat in June August 03, 2010 08:35 AM ET WASHINGTON (Reuters) - Consumer spending and incomes were unexpectedly flat in June, while personal savings scaled their highest level in a year, according to a government report on Tuesday that implied an anemic economic recovery for the remainder of this year. Full Article Special Report: Smart money in real estate is on smart growth August 03, 2010 08:14 AM ET ROCKVILLE, Maryland (Reuters) - This suburb of Washington, D.C. inspired R.E.M.'s 1984 song about the soul-sucking blandness of a suburban adolescence that has been a staple of rock and roll. "(Don't Go Back to) Rockville" described a town of empty houses, "where nobody says hello." Full Article P&G profit misses on marketing new items August 03, 2010 08:36 AM ET CHICAGO (Reuters) - Household products maker Procter & Gamble Co posted lower-than-expected quarterly profit as higher spending on marketing more than offset sales growth, and its shares fell more than 5 percent. Full Article Dow Chemical profit and revenue miss Wall Street views August 03, 2010 07:59 AM ET NEW YORK (Reuters) - Dow Chemical Co posted lower-than-expected quarterly profit on Tuesday as three plant outages offset a jump in sales across all units and regions, sending shares of the biggest U.S. chemical producer down 3.6 percent in premarket trading. Full Article Geithner: unemployment could rise August 03, 2010 07:26 AM ET WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Tuesday said the unemployment rate could rise for a couple of months before it goes down. Full Article MasterCard profit rises 31 percent August 03, 2010 08:11 AM ET NEW YORK (Reuters) - MasterCard Inc , the world's second-largest credit- and debit-card processing network, said its second-quarter profit rose 31 percent from a year earlier, as the company reigned in expenses and consumers slowly resumed spending and traveling abroad. Full Article

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