Business Today: Bank of Japan move lifts stock futures ahead of ISM data

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Good Morning Aron, TUE 05 Oct 2010    Bank of Japan move lifts stock futures ahead of ISM data BOJ reverts to zero rates, pledges to buy more assets Ex-trader Kerviel sentenced to 3 years in jail Walgreen same-store sales better than expected Bernanke says more Fed asset purchases could help Report favors BHP bid for Potash, warns on China Consumer loan delinquencies rise slightly: ABA EU urges faster yuan rise Moody's warns of Irish downgrade as recovery falters September sales seen up on back-to-school and promotions Toshiba launches glasses-free 3D TV Yen falls, Nikkei rebounds on BOJ Ford's focus on electric Bank of Japan move lifts stock futures ahead of ISM data October 05, 2010 07:55 AM ET NEW YORK (Reuters) - Stock index futures rose on Tuesday as global stimulative measures reassured investors that governments were taking protective steps against economic weakness. Full Article BOJ reverts to zero rates, pledges to buy more assets October 05, 2010 07:14 AM ET TOKYO (Reuters) - The Bank of Japan on Tuesday pledged to pump more funds into the struggling economy and keep rates virtually at zero, surprising markets and stealing a march on the Federal Reserve in providing a fresh dose of economic stimulus. Full Article Ex-trader Kerviel sentenced to 3 years in jail October 05, 2010 07:46 AM ET PARIS (Reuters) - Former Societe Generale trader Jerome Kerviel was sentenced to 5 years in prison, with 2 suspended, by a Paris court on Tuesday for his role in a trading scandal and ordered to reimburse the French bank 4.9 billion euros ($6.8 billion). Full Article Walgreen same-store sales better than expected October 05, 2010 08:33 AM ET DETROIT (Reuters) - Drugstore chain Walgreen Co on Tuesday posted a stronger-than-expected rise in September same-store sales on strong demand in its pharmacy business. Full Article Bernanke says more Fed asset purchases could help October 04, 2010 09:56 PM ET PROVIDENCE, Rhode Island (Reuters) - The Federal Reserve's asset purchases lowered borrowing costs and helped the economy, and more buying could further ease financial conditions, Federal Reserve Chairman Ben Bernanke said on Monday. Full Article Report favors BHP bid for Potash, warns on China October 05, 2010 06:30 AM ET TORONTO/WINNIPEG (Reuters) - Saskatchewan's advisers urged the Canadian province not to oppose a takeover of Potash Corp by BHP Billiton , and said a Chinese bid, if one emerges, could hurt their budget more. Full Article Consumer loan delinquencies rise slightly: ABA October 05, 2010 04:20 AM ET WASHINGTON (Reuters) - Consumer loan delinquencies rose for the first time in four quarters as the economy continues to struggle. Full Article EU urges faster yuan rise October 05, 2010 08:19 AM ET BRUSSELS (Reuters) - Euro area policymakers pressed China on Tuesday for a faster appreciation of its currency to help rebalance the world economy but said Chinese Prime Minister Wen Jiabao had differed with them. Full Article Moody's warns of Irish downgrade as recovery falters October 05, 2010 08:18 AM ET DUBLIN (Reuters) - Moody's warned on Tuesday it may cut Ireland's credit rating again, saying additional austerity measures are needed given a huge bill for cleaning up its banks, a weak economic recovery and rising borrowing costs. Full Article September sales seen up on back-to-school and promotions October 05, 2010 08:22 AM ET LOS ANGELES (Reuters) - U.S. retailers are expected to post modest sales gains for September, on cautious back-to-school shopping and aggressive month-end promotions from department stores looking to clear inventory ahead of the all-important holiday shopping season. Full Article

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