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Today’s Market News
Today: Stock futures drop as earnings spark global slowdown worry
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| NEW YORK (Reuters) - Stock index futures fell on Tuesday on concerns the slow global economy will continue to dent corporate revenues, with a trio of Dow components appearing to confirm investor worries. |
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| (Reuters) - Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported. |
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| (Reuters) - Diversified U.S. manufacturer 3M Co on Tuesday reported a 6.7 percent rise in third-quarter profit but cut its profit forecast for the full year as acquisition costs and a strengthening dollar hurt margins. |
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| WASHINGTON (Reuters) - The U.S. oil and gas rush is cutting into jobless numbers, supporting a total of 1.7 million jobs this year, a number that will swell to almost 3 million by 2020, a leading consultant said in a study released on Tuesday. |
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| SAN FRANCISCO (Reuters) - Apple Inc is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc. |
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| (Reuters) - DuPont slashed its annual forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, bleak signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. |
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| MOSCOW (Reuters) - Russia's government has no objections to Rosneft's deal to buy TNK-BP on anti-trust grounds, Interfax reported the country's economy Minister Andrei Belousov saying on Tuesday. |
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| (Reuters) - United Parcel Service Inc reported lower quarterly profit on Tuesday, citing slowing global trade, and said there was "some uncertainty" about the strength of the coming holiday season. |
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| LONDON (Reuters) - In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data leaving with employees. |
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| MADRID (Reuters) - Spanish lenders will transfer newly constructed housing assets into Spain's bad bank at an average discount of 52.2 percent of original book value and second-hand housing at an average discount of 47.5 percent, a source with knowledge of the process said on Tuesday. |
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