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Feb 3, 2010

Business Today: S&P, Nasdaq futures fall after ADP




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Good Morning Fernando, WED 03 Feb 2010 
S&P, Nasdaq futures fall after ADP
Private sector loses 22,000 jobs in January
Pfizer profit misses, 2010 view below forecast
Toyota says had complaints on new Prius brakes
AOL posts profit, but subscribers dwindle
Time Warner profit tops estimates, dividend raised
Regulator asks Paulson & Co for information: report
AIG unit staff agrees to $20 million cut in payout
Mortgage demand at six-week highs on refinance wave
Oil rises towards $78 ahead of U.S. inventory data


S&P, Nasdaq futures fall after ADP
February 03, 2010 08:30 AM ET
NEW YORK (Reuters) - Stock index futures briefly moved higher then turned negative on Wednesday after the ADP national employment report showed the private sector shed fewer jobs than expected in January.

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Private sector loses 22,000 jobs in January
February 03, 2010 08:31 AM ET
NEW YORK (Reuters) - Private employers cut 22,000 jobs in January, less than the 61,000 jobs lost in December, a report by a private employment service said on Wednesday.

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Pfizer profit misses, 2010 view below forecast
February 03, 2010 07:38 AM ET
NEW YORK (Reuters) - Pfizer Inc on Wednesday posted fourth-quarter earnings slightly below analyst expectations and gave a full-year profit forecast below Wall Street forecasts, sending its shares almost 2 percent lower.

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Toyota says had complaints on new Prius brakes
February 03, 2010 06:06 AM ET
TOKYO (Reuters) - Toyota Motor Corp said on Wednesday its North American and Japanese dealers had received several dozen complaints concerning what drivers characterized as insufficient braking on its new Prius hybrid car when driving over bumpy or frozen roads.

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AOL posts profit, but subscribers dwindle
February 03, 2010 07:53 AM ET
NEW YORK (Reuters) - Internet company AOL Inc said on Wednesday it posted a quarterly profit, but revenue fell as its subscriber base dwindled further.

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Time Warner profit tops estimates, dividend raised
February 03, 2010 07:23 AM ET
NEW YORK (Reuters) - Time Warner Inc reported stronger-than-expected quarterly results courtesy of hit movies such as "Sherlock Holmes" and "The Hangover," and it became the second major media company in as many days to raise its dividend.

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Regulator asks Paulson & Co for information: report
February 03, 2010 08:12 AM ET
(Reuters) - Hedge fund Paulson & Co has received a request for information from the U.S. securities regulator in connection with an investigation into complex securities at the heart of the financial crisis, the Financial Times said, citing people familiar with the matter.

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AIG unit staff agrees to $20 million cut in payout
February 03, 2010 03:55 AM ET
NEW YORK (Reuters) - AIG said on Tuesday current and former employees of its Financial Products unit had so far agreed to accept cuts totaling about $20 million in retention payments, short of a $26 million target.

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Mortgage demand at six-week highs on refinance wave
February 03, 2010 07:26 AM ET
NEW YORK (Reuters) - Demand for home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association said on Wednesday,

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Oil rises towards $78 ahead of U.S. inventory data
February 03, 2010 08:20 AM ET
LONDON (Reuters) - Oil touched a two-week high above $78 a barrel on Wednesday, rising ahead of key inventory data out of the world's largest energy consumer, the United States, later in the session.

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