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Thursday, October 25, 2012

Business Today: Stock futures fall following Apple miss

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10/25/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures fall following Apple miss
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday after Apple's quarterly profit missed Wall Street's expectations.
Apple revenue meets forecasts, shares halted
SAN FRANCISCO (Reuters) - Apple Inc reported quarterly revenue that met Wall Street expectations even as iPad sales were disappointing.
Amazon reports weak results, shares fall over 5 percent
SAN FRANCISCO (Reuters) - Amazon.com Inc reported weak quarterly results on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe.
Insider trading wiretaps under scrutiny in Rajaratnam appeal
NEW YORK (Reuters) - A panel of judges explored the ramifications Thursday of a potential reversal of hedge fund tycoon Raj Rajaratnam's conviction as they heard arguments on whether FBI wiretap evidence should have been allowed at his insider-trading trial.
Microsoft unveils Windows 8, Surface tablet
NEW YORK (Reuters) - Microsoft Corp launched its new Windows 8 operating system and Surface tablet on Thursday in a bid to revive interest in its flagship product and regain ground lost to Apple Inc and Google Inc in mobile computing.
Business investment stalls as "fiscal cliff" looms
WASHINGTON (Reuters) - Business investment showed signs of stalling in September, an indication that worries over a possible sharp tightening in the federal budget are already weighing on the economy.
Exclusive: Gardner Denver explores sale - sources
NEW YORK (Reuters) - Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3 billion.
French prosecutor wants to question Madoff, UBS: source
PARIS (Reuters) - France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.
Pending home sales rise modestly in September
WASHINGTON (Reuters) - Contracts to buy previously owned homes rose far less than expected in September, an industry group said on Thursday, but the data continued to point to an improving tone in the housing market.
Ford deepens European cuts, sees $3 billion in losses
LONDON/DETROIT (Reuters) - Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
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