Monday, October 18, 2010

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BEFORE THE BELL: US Stock Futures Drop; Citigroup Results Due
Wall Street Journal
By William L. Watts US stock-index futures were under pressure Monday, pointing to a lower open for Wall Street as investors braced for another heavy week of earnings and the US dollar pressed higher for a second day. ...
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Northeast Utilities to buy NSTAR for $9.5 billion
Reuters
NEW YORK, Oct 18 (Reuters) - Northeast Utilities (NU.N) will buy peer NSTAR (NST.N) in a $9.5 billion all-stock deal to create one of the largest US utilities, the companies said on Monday. The deal calls for the exchange of 1.312 common shares of ...
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FOREX-Dlr index off lows on doubts how far Fed will ease
Reuters
By Anirban Nag LONDON, Oct 18 (Reuters) - The US dollar bounced from a 10-month low against a basket of currencies on Monday, as investors uncertain how much monetary easing the Federal Reserve will resort to trimmed bearish bets against the greenback. ...
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Philips Net Profit Up But Cautions On Outlook
Wall Street Journal
By Roberta B. Cowan AMSTERDAM (Dow Jones)--Royal Philips Electronics NV (PHIA.AE) Monday posted a better-than-expected third quarter net profit as it benefited from cost cutting and improved organic growth in its lighting and healthcare divisions, ...
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Crude Oil Declines a Third Day Because of Outlook for Weaker Fuel Demand
Bloomberg
By Grant Smith and Ben Sharples - Mon Oct 18 09:59:39 GMT 2010 Oil declined for a third day in New York, its longest slide in a month, on a stronger dollar and concern that US fuel consumption is rebounding too slowly. Crude fell as the Dollar Index ...
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BlueBay shares soar after asset manager agrees to be taken over by RBC
The Guardian
Shares in BlueBay Asset Management soared by 30% after the London-based investment fund said it had agreed to be taken over by the Royal Bank of Canada. The shares jumped 112.8p to 488p by 9.15am. Under the terms of the acquisition, ...
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Yuan ends lower after U.S. delays currency report
Reuters
By Lu Jianxin and Jacqueline Wong SHANGHAI (Reuters) - Spot yuan on Monday pulled back from its highest versus the dollar since its landmark revaluation in July 2005 after the US Treasury Department delayed a report on trade partners' currency ...
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Shanghai Pharma taps banks for $1.5 bln HK IPO -sources
Reuters
HONG KONG Oct 18 (Reuters) - Shanghai Pharmaceuticals Holding Co Ltd (601607.SS), the Chinese partner of Roche Holding AG (ROG.VX), plans to raise $1.2 billion to $1.5 billion in a Hong Kong IPO in the second quarter of 2011, sources close to the deal ...
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EU seen facing "moment of truth" on budget reform
Reuters
By Marcin Grajewski LUXEMBOURG (Reuters) - The European Union's monetary affairs chief urged member states to agree on tough budget reforms on Monday after some countries said enthusiasm for far-reaching change was waning. He made his comments before ...
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Japanese 10-Year Bond Futures Advance on Yen's Strength, Economic Concerns
Bloomberg
By Masaki Kondo - Mon Oct 18 07:09:46 GMT 2010 Japan's 10-year bond futures rose, following their first weekly decline in a month, on speculation the yen's appreciation will hurt corporate earnings and undermine the nation's recovery. ...
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