Business Today: Stock futures fall on Apple and IBM as China lifts rates

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Good Morning Aron, TUE 19 Oct 2010    Stock futures fall on Apple and IBM as China lifts rates China surprises with first rate rise since 2007 Goldman quarterly profit falls, beats estimates Housing starts at 5-month high Bank of America operating profit tops expectations UnitedHealth profit smashes views Jobs blasts rivals as iPad sales disappoint J&J beats forecast, despite disappointing sales Coca-Cola 3rd-quarter profit tops Street view U.S. shoppers seen spending more at Christmas Facebook privacy at issue again Precious Monopoly set on display Apple, IBM fail to beat hype Stock futures fall on Apple and IBM as China lifts rates October 19, 2010 08:10 AM ET NEW YORK (Reuters) - Stock index futures fell on Tuesday as results from consumer and technology titans Apple and IBM disappointed investors and raised doubts about the strength of earnings in the third quarter. Full Article China surprises with first rate rise since 2007 October 19, 2010 08:07 AM ET BEIJING (Reuters) - China's central bank surprised on Tuesday with its first increase of interest rates in nearly three years, a move that reflects its concern about rising domestic asset prices and stubborn inflation. Full Article Goldman quarterly profit falls, beats estimates October 19, 2010 08:17 AM ET NEW YORK (Reuters) - Goldman Sachs Group Inc , the dominant U.S. investment bank, said its quarterly profit fell by more than a third after low trading volumes dragged on earnings. Full Article Housing starts at 5-month high October 19, 2010 08:34 AM ET WASHINGTON (Reuters) - Housing starts unexpectedly rose in September to a five-month high, but permits for future home construction fell on a sharp decline in approvals in the volatile multi-family segment , a government report showed on Tuesday. Full Article Bank of America operating profit tops expectations October 19, 2010 08:15 AM ET CHARLOTTE, North Carolina (Reuters) - Bank of America Corp posted a higher-than-expected quarterly operating profit amid improvement in its loan portfolio. Full Article UnitedHealth profit smashes views October 19, 2010 08:25 AM ET NEW YORK (Reuters) - UnitedHealth Group Inc far posted better-than-expected third-quarter profit on Tuesday as its health plan members used fewer healthcare services. The company also raised its 2010 profit outlook, and its shares rose 3.2 percent. Full Article Jobs blasts rivals as iPad sales disappoint October 19, 2010 07:35 AM ET SAN FRANCISCO (Reuters) - Apple Inc CEO Steve Jobs went on the offensive on Monday after a rare disappointment in sales by the iPad maker sent its shares tumbling, but even his biting words failed to reverse market sentiment. Full Article J&J beats forecast, despite disappointing sales October 19, 2010 08:22 AM ET NEW YORK (Reuters) - Johnson & Johnson on Tuesday reported better-than-expected quarterly earnings due largely to the weaker dollar, but it reported disappointing revenue following recent recalls of its over-the-counter medicines. Full Article Coca-Cola 3rd-quarter profit tops Street view October 19, 2010 08:29 AM ET NEW YORK (Reuters) - Coca-Cola Co reported a higher-than-expected quarterly profit on Tuesday, helped by volume gains in its North American and international units. Full Article U.S. shoppers seen spending more at Christmas October 19, 2010 08:28 AM ET CHICAGO (Reuters) - Shoppers plan to spend more during the Christmas holiday season for the first time since a recession hit three years ago, according to a survey released on Monday. Full Article

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