lunes, 18 de octubre de 2010

Business Today: Futures dip ahead of busy earnings as bank shares eyed

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Good Morning Aron, MON 18 Oct 2010 
 
Futures dip ahead of busy earnings as bank shares eyed
Citigroup reports $2.2 billion profit
BHP and Rio scrap $116 billion iron ore joint venture
Halliburton profit up as onshore activity jumps
China vows breakthroughs to secure growth
Honeywell pushes back recovery forecast for business-jet
AIA to shut IPO book early on strong demand: sources
Hitachi, Johnson Controls to tie up in batteries
Caterpillar sets up parts JV with China Liyuan
U.S. PEs eye stake in India's Hero Honda: report


Futures dip ahead of busy earnings as bank shares eyed
October 18, 2010 08:12 AM ET
NEW YORK (Reuters) - Stock index futures slipped on Monday ahead of a busy day for corporate earnings as the U.S. dollar bounced from a 10-month low against a basket of currencies.

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Citigroup reports $2.2 billion profit
October 18, 2010 08:32 AM ET
NEW YORK (Reuters) - Citigroup Inc reported a third consecutive quarterly profit on Monday as losses slowed and the bank set aside less money to cover bad loans.

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BHP and Rio scrap $116 billion iron ore joint venture
October 18, 2010 08:26 AM ET
MELBOURNE (Reuters) - BHP Billiton and Rio Tinto ditched plans to form the world's biggest iron-ore joint venture, in a victory for steelmakers that could prompt both miners to step up competing expansions.

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Halliburton profit up as onshore activity jumps
October 18, 2010 08:34 AM ET
NEW YORK (Reuters) - Halliburton Co , the world's second-largest oilfield services company, posted a jump in quarterly profit as a surge in onshore North American activity offset a drop in offshore business in the Gulf of Mexico.

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China vows breakthroughs to secure growth
October 18, 2010 06:38 AM ET
BEIJING (Reuters) - China must make a "major breakthrough" in its industry-heavy growth and advance "vigorous but steady" political reform to keep the world's second-biggest economy from faltering, Communist Party leaders said on Monday.

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Honeywell pushes back recovery forecast for business-jet
October 18, 2010 03:03 AM ET
ATLANTA (Reuters) - Honeywell International Inc's aerospace unit expects business-jet deliveries to expand in 2012, tempering its recovery forecast by a year as companies hold back on orders in an uncertain global economy.

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AIA to shut IPO book early on strong demand: sources
October 18, 2010 08:04 AM ET
HONG KONG (Reuters) - Heavy demand for AIA Group Ltd's up to $20.5 billion share sale in Hong Kong prompted underwriters to shut the offer to funds two days ahead of schedule, sources said on Monday.

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Hitachi, Johnson Controls to tie up in batteries
October 17, 2010 10:11 PM ET
TOKYO (Reuters) - Japan's Hitachi Ltd said on Monday it will partner with U.S.-based Johnson Controls Inc in auto-use lithium-ion and other battery technologies as demand for hybrid cars grows.

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Caterpillar sets up parts JV with China Liyuan
October 17, 2010 11:50 PM ET
BEIJING/NEW YORK (Reuters) - Caterpillar Inc has agreed to team up with a subsidiary of China's AVIC Heavy Machinery Co to design and manufacture medium- to heavy-duty hydraulic pumps and motors.

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U.S. PEs eye stake in India's Hero Honda: report
October 17, 2010 11:33 PM ET
BANGALORE (Reuters) - U.S. private equity firms Carlyle, Kohlberg Kravis Roberts & Co and Warburg Pincus are in talks to acquire an effective 15-18 percent stake in Hero Honda Motors , India's top motorcycle maker, the Economic Times reported on Monday.

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