| Commentary Stock May Experience Choppy Trading Early On - U.S. Commentary Stocks may show a lack of direction in early trading on Wednesday as traders digest the latest earnings news as well as some key economic data. The major index futures are currently pointing to a mixed open for the markets. (Oct 19, 2011) Full Article    Economic News Moody's Downgrades Spanish Credit Rating Moody's Investor Service lowered Spanish government rating by two notches on Tuesday, citing the economy's continued vulnerability to market stress and elevated funding risks. The move comes after Fitch's downgrade earlier this month and a similar action from Standard and Poor's last week. (Oct 19, 2011) Full Article BoE's King Urges Surplus Economies To Boost Spending Bank of England Governor Mervyn King on Tuesday urged surplus nations like Germany, Japan and China to boost spending to help rebalancing by the deficit countries. (Oct 19, 2011) Full Article Thai Central Bank Halts Policy Tightening On Flood Damage Thailand's central bank on Wednesday decided to put a break on a seven-month streak of monetary tightening, as the nation's worst floods in five decades seriously hurt economic activity. (Oct 19, 2011) Full Article Bank Of England MPC United On QE2, Record Low Interest Rate Bank of England's re-launch of quantitative easing early this month was initiated through a unanimous vote as policymakers judged that the case for an expansion of asset purchases was 'compelling'. (Oct 19, 2011) Full Article U.S. Housing Starts Jump More Than Expected In September Fueled by a jump in construction of multi-family dwellings, U.S. housing starts surged higher in September, according to figures released Wednesday by the Commerce Department. (Oct 19, 2011) Full Article U.S. Consumer Prices Rise In Line With Estimates In September With a jump in energy prices partly offset by lower prices for apparel and used cars, the Labor Department released a report on Wednesday showing a modest increase in consumer prices in the month of September. (Oct 19, 2011) Full Article Earnings News Intel Q3 Profit up, Tops street Tuesday, Intel Corp. (INTC) reported that its third-quarter profit increased 17.0 percent from last year, as double-digit unit growth in notebook PCs spurred demand for its chips, resulting in strong revenues. Intel's quarterly earnings topped Street analysts' estimates, as did revenues. In addition, the company provided its revenue guidance for the fourth quarter. (Oct 19, 2011) Full Article Yahoo! Inc. Q3 profit slips, but tops Estimate Yahoo! Inc. (YHOO) Tuesday reported a drop in its third-quarter profit, reflecting mainly the absence of last year's one-time gain from the sale of HotJobs. Nonetheless, excluding items, profit for the quarter improved on decreased costs, reimbursements from Microsoft Corp. (MSFT) as Yahoo transitions all markets to Microsoft's search platform. Both earnings and revenue for the quarter came in above the Street view. (Oct 19, 2011) Full Article Apple Q4 profit climbs, yet misses view Tuesday, Apple Inc. (AAPL) posted higher fourth-quarter profit compared with the prior year, driven by continued strong sales of its Macintosh computers, iPhones and iPad multimedia devices. However, the company's quarterly earnings per share came in below analysts' expectations as did its quarterly sales. In addition, Apple forecast first-quarter revenue and earnings above analysts' current estimates. (Oct 19, 2011) Full Article CSX Q3 profit grows, misses estimate Tuesday, Eastern U.S. railroad CSX Corp.(CSX) reported a higher profit for the third quarter, driven primarily by a double-digit revenue growth reflecting improved shipments as well as better price realizations. Revenue for the quarter grew 11 percent. Both earnings and revenue missed the analysts' forecast. (Oct 19, 2011) Full Article Juniper Networks q3 Profit down Tuesday, Juniper Networks Inc. (JNPR) posted a decline in third-quarter profit as one-time charges and lower gross margin offset growth in sales of its computer networking gear. However, quarterly earnings, excluding items, were in line with Street estimates, while sales topped expectations. Juniper also provided its earnings view for the fourth quarter, the midpoint of which is expected to miss current consensual estimates. (Oct 19, 2011) Full Article PNC Financial Service posts lower profit The PNC Financial Services Group, Inc. (PNC) posted a decrease in earnings for the third quarter in the absence of a year-ago acquisition gain. Revenue also declined from last year, missing street view. (Oct 19, 2011) Full Article Morgan Stanley posts $2.15 bln profit Morgan Stanley (MS) reported Wednesday third-quarter profit of $2.15 billion, owing to a big accounting gain, easily surpassing the consensus. (Oct 19, 2011) Full Article United Technologies q3 profit up; lifts FY11 EPS view Wednesday, United Technologies Corp. (UTX) boosted its profit target for the full year, after reporting higher earnings for the third quarter, helped by continued organic sales growth across all its segments. Both the bottom line and top line figures beat the street expectations. (Oct 19, 2011) Full Article Abbott Labs profit down; plans spin-off Wednesday, Abbott Laboratories (ABT) posted lower third-quarter profit, hurt by pre-tax reserve related to previously disclosed litigation, and said it is splitting into separate medical products and research-based pharmaceuticals firms. However, ongoing earnings and revenues rose from last year and beat the consensus. (Oct 19, 2011) Full Article Travelers Companies q3 profit plummets Impacted by Hurricane Irene and Tropical Storm Lee, The Travelers Companies Inc.(TRV) posted Wednesday lower earnings missing analysts' estimates. Revenues also were down, but topped the consensus. (Oct 19, 2011) Full Article Broker Ratings Changes Robert W. Baird Lifts UniFirst Corp (UNF) To Outperform From Neutral With $60 up from $57 Price Target (Oct 19, 2011) Robert W. Baird Upgrades DaVita Inc (DVA) To Outperform From Neutral With $78 down from $90 Price Target (Oct 19, 2011) Todays WS Events Abbott Laboratories Q3 11 Earnings Conference Call At 9:00 AM ET Abbott Laboratories (ABT) will host a conference call at 9:00 AM ET on October 19, 2011 to discuss Q3 11 earnings results. To access the live webcast log on to www.abbottinvestor.com (Oct 19, 2011) American Express Q3 11 Earnings Conference Call At 5:00 PM ET American Express Co. (AXP) will host a conference call at 5:00 PM ET on October 19, 2011, to discuss Q3 11 earnings results. To access the live audio webcast log on to http://ir.americanexpress.com (Oct 19, 2011) Apollo Group Q4 11 Earnings Conference Call At 8:00 AM ET Apollo Group, Inc. (APOL) will host a conference call at 8:00 AM ET on October 19, 2011 to discuss its Q4 11 earnings results. To access the live webcast, log on at www.apollogrp.edu To hear the live call, dial 877-292-6888 (US) or 973-200-3381 (International) with ID 12862966. A replay of the call can be heard by dialing 855-859-2056 (US) or 404-537-3406 (International) with ID 12862966. (Oct 19, 2011) Morgan Stanley Q3 11 Earnings Conference Call At 10:00 AM ET Morgan Stanley (MS) will host a conference call at 10:00 AM ET on October 19, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.morganstanley.com To hear the live call, dial 1-877-895-9527 (US) or 1-706-679-2291 (International) with passcode 14366418. A replay of the call can be heard by dialing 1-855-859-2056 (US) or 1-404-537-3406 (International) with passcode 68986239. (Oct 19, 2011) Supervalu Q2 12 Earnings Conference Call At 10:00 AM ET Supervalu Inc. (SVU) will host a conference call at 10:00 AM ET on October 19, 2011 to discuss its Q2 12 earnings results. To access the live webcast, log on at www.supervaluinvestors.com (Oct 19, 2011) United Technologies Q3 11 Earnings Conference Call At 9:00 AM ET United Technologies Corp. (UTX) will host a conference call at 9:00 AM ET on October 19, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to www.utc.com To listen to the call, dial (877) 280-7280. For a replay call, dial (404) 537-3406 with conference ID number 99753000. (Oct 19, 2011) US Bancorp Q3 11 Earnings Conference Call At 9:00 AM ET U.S. Bancorp (USB) will host a conference call at 9:00 AM ET on October 19, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.usbank.com To hear the live call, dial 866-316-1409 (US) or 706-634-9086 (International) with ID 10166729. A replay of the call can be heard by dialing 855-859-2056 (US) or 404-537-3406 (International) with ID 10166729. (Oct 19, 2011) | 
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