Wednesday, November 3, 2010

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On historic night, Republicans sweep House Democrats from power
Christian Science Monitor
Republicans needed to claim 39 Democratic seats to retake the House Tuesday. They won more than 60, surpassing the 'Republican Revolution' of 1994. Rep. John Boehner (R) of Ohio looks to be the biggest winner in Election 2010. ...
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Christian Science Monitor
Factbox: Possible Republican White House candidates in 2012
Reuters
(Reuters) - While Republicans and Democrats pick up the pieces from Tuesday's congressional elections, the 2012 White House race is already off to a vigorous start with President Barack Obama facing potential challenges from more than a dozen would-be ...
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AOL 3Q Profit More Than Doubles On Divestiture Gains
Wall Street Journal
AOL Inc.'s (AOL) third-quarter earnings more than doubled on gains from asset sales, though revenue and the number of subscribers fell. The company has cut costs, restructured and shed some assets--such as its June sale of social-networking site ...
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Biogen Laying off 13 Percent of Its Work Force
ABC News
AP Biotechnology company Biogen Idec Inc. says it is laying off 13 percent of its work force to cut costs. Biogen, based in Weston, Mass., has about 4750 employees, with the job cuts affecting roughly 617 workers. The company says it will focus on ...
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Mortgage Applications in US Decrease as Refinancing Drops
BusinessWeek
By Bob Willis Nov. 3 (Bloomberg) -- The number of mortgage applications in the US fell last week, led by a decrease in refinancing. The Mortgage Bankers Association's index declined 5 percent in the week ended Oct. 29, the Washington-based group said ...
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European Stocks Advance Before Fed Announcement; SocGen Gains on Earnings
Bloomberg
By Julie Cruz - Wed Nov 03 10:20:58 GMT 2010 European stocks advanced as investors speculated the Federal Reserve may announce plans to pump more money into the American economy. Asian shares gained while US index futures fluctuated. ...
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QE2: Will the Fed Surprise the Markets?
TheStreet.com
By Shanthi Venkataraman 11/03/10 - 07:00 AM EDT NEW YORK (TheStreet) -- Will the Federal Reserve's move to boost the flagging US economy be too little to make a difference or will it be too much, too soon? That is the big question for investors ...
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Asian Shares End Mostly Higher; Hong Kong Hits 28-Month High
Wall Street Journal
SINGAPORE (Dow Jones)--Most Asian markets ended higher Wednesday, with Hong Kong shares climbing to a 28-month high, as investors shrugged off a strong performance by Republicans in the US midterm elections while awaiting expected monetary easing ...
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Dollar steady but seen undermined by Fed QE
Reuters
Japanese 10000 yen notes (L) featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, and $100 dollar notes, featuring an image of Benjamin Franklin, at the main office of the Korea Exchange Bank are seen in this picture ...
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Reuters
WellPoint, Aetna profits beat, raise 2010 outlooks
Reuters
By Lewis Krauskopf NEW YORK (Reuters) - Two of the largest US health insurers, WellPoint Inc (WLP.N) and Aetna Inc (AET.N), posted higher-than-expected profits on Wednesday and raised their full-year forecasts. Aetna, the No. 3 US health insurer, ...
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