3M cuts 2012 profit outlook on currency concerns, deal costs
(Reuters) – Diversified U.S. manufacturer 3M Co on Tuesday reported a 6.7 percent rise in third-quarter profit, but the company cut its profit forecast for the full year as acquisition costs and a strengthening dollar hurt margins.
RBS should examine future of Citizens: UKFI
LONDON (Reuters) – Royal Bank of Scotland should consider the future of its U.S. business Citizens and reduce the size of its investment bank, the agency in charge of Britain’s stake in the bank said.
Stock futures drop on revenue concerns as earnings roll in
NEW YORK (Reuters) – Stock index futures fell on Tuesday on concerns the slow global economy will continue to dent corporate revenues, with a host of companies set to post quarterly results.
No anti-trust concerns over TNK-BP deal: Russia government
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.
Bernanke probably won’t stand for third term at Fed: NYT
(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.
As unconventional U.S. oil, gas boom, so do jobs: report
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.
Insight: Sewage, "sloppy fits" and a tomb – Goldman’s India build
LONDON/MUMBAI (Reuters) – Goldman Sachs’ reputation for hard-nosed efficiency faces a test in the chaos of Indian building standards, according to architects hired by the Wall Street bank.
Steep asset discounts set for Spain’s bad bank: source
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 knowledg…
Obama on attack in foreign policy debate, but Romney steady
BOCA RATON, Florida (Reuters) – President Barack Obama scolded challenger Mitt Romney for being “all over the map” on foreign policy in their final presidential debate on Monday, but the Republican appeared to have passed the “commander-in-chief” test …
Wall Street jumps as earnings top forecasts
NEW YORK (Reuters) – Stocks climbed on Tuesday as stronger-than-expected quarterly earnings from such bellwethers as Goldman Sachs and Johnson & Johnson tempered recent concerns that the sluggish global economy would dent third-quarter results.
