Futures point to higher Wall Street open

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City of Industry, CA --(www.USEquityNews.com)-- 01/22/2010 - International industry alert provided by U.S. Equity News. * Stock index futures indicated that Wall Street may open higher on Friday, regaining a little of the ground lost in the previous session, when they fell heavily after President Barack Obama outlined plans for tougher banking regulations. * At 0914 GMT, futures for the Dow Jones, S&P 500 and Nasdaq were up between 0.2 and 0.3 percent. * The FTSEurofirst 300 index of leading European shares was down 0.2 percent at 1,033.82 points. Banks have extended losses from the previous session, but telecoms were higher. * Before the market opens, General Electric is likely to report its eighth straight quarter of profit decline. Investors will be looking for evidence that the largest U.S. conglomerate is stabilizing its hefty finance unit. * McDonald's will show how well it is coping with declining sales at its U.S. restaurants when it reports quarterly earnings. The world's largest fast-food chain has been reporting monthly samestore sales declines as U.S. [Read the full article]


BERLIN, Jan 22 (Reuters) - Germany still rejects the idea of splitting delivery of the delayed Airbus A400M military transporter into tranches because it would raise costs, a source involved in negotiations on the matter said on Friday. "The basis of the negotations was and remains what was contractually agreed. We're sticking to the A400M but not at any price," the source told Reuters after talks in Berlin about the future of the project came to an end. BOSTON (Reuters) - General Electric Co's quarterly earnings topped Wall Street expectations on Friday, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment. The Obama bank plan is crucial to the White House's reboot and a sensible policy that puts the Republicans in an exquisite dilemma.  Commentary  Beijing tells Washington to back off on Internet criticism and warns that Sino-U.S. [Read the full article]

BERLIN, Jan 22 (Reuters) - Airbus and seven European nations agreed on Friday to keep talking to try to ease the deadlock on the planemaker's bid for billions of euros in support for its troubled A400M military plane, sources close to the talks said. The commitment to try to end a bitter row threatening the future of Europe's largest defence project came on a second day of talks in Berlin with more talks set for next Tuesday. Papering over differences over who is to blame for massive cost overruns on the troop plane, which soured an opening session on Thursday, the group of NATO nations was expected to issue a joint statement backing efforts to find a compromise. A source familiar with the position of purchasing countries said the meetings held in Berlin on Thursday and Friday had taken place in a "constructive atmosphere". He said both sides had agreed to keep negotiating to try to find a solution to funding problems by the end of January. [Read the full article]

KIEV, Jan 22 (Reuters) - Ukrainian businessman Sergey Tigipko, third in a preliminary presidential vote, offered himself as prime minister to any winner ready for unpopular steps to revive the economy, but he refused to back either leading candidate. Opposition leader Viktor Yanukovich and Prime Minister Yulia Tymoshenko both seek to woo Tigipko who presents himself as a hardnosed economist capable of unlocking International Monetary Fund (IMF) cash frozen after Kiev failed to control its budget. In an interview with the BBC's Ukrainian service published on Friday, Tigipko said he heard only populistic appeals from the two leading candidates ahead of the final Feb. 7 election. But after the vote, the former Central Banker said, he would consider his options. "I would like to say that I do not rule out the issue of the premiership," Tigipko said. [Read the full article]

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