| Commentary Stocks May Move Sharply Higher At The Open - U.S. Commentary After moving sharply lower over the course of the previous session, stocks may move back to the upside in early trading on Wednesday. The major index futures are currently pointing to a notably higher open, with the Dow futures up by 91 points. The markets may benefit from the release of a report from the Commerce Department showing a smaller than expected drop in durable goods orders in the month of September, with the decrease largely due to weakness in the volatile transportation sector. (Oct 26, 2011) Full Article    Economic News Australia Q3 Inflation Eases Increasing Odds Of Rate Cut Australian consumer price inflation eased in the September quarter as expected by economists, increasing the probability of a rate cut by the central bank as early as next week. (Oct 26, 2011) Full Article Merkel Calls For Higher PSI In Greece Bailout German Chancellor Angela Merkel said on Wednesday that the private sector should contribute significantly more towards the rescue of the embattled Greece. A "significantly higher" private sector involvement (PSI) is required in the rescue to reduce the Greek debt and deficit troubles, she said in a speech delivered at the German Parliament lower house Bundestag ahead of a vote on plans to boost the euro bailout fund. (Oct 26, 2011) Full Article U.S. Durable Goods Orders Down 0.8 Percent In September A steep drop in orders for new transportation equipment lead a drop in new orders for durable goods in September according to figures released Wednesday by the Commerce Department. New orders for manufactured durable goods in September fell $1.5 billion, or 0.8 percent, to $200.3 billion. (Oct 26, 2011) Full Article Earnings News Broadcom Q3 Profit Drops Broadcom Corp. (BRCM) Tuesday posted a lower third-quarter profit due to higher operating costs and expenses. Adjusted earnings, however, increased year-over-year. The company also issued its fourth-quarter revenues outlook. (Oct 26, 2011) Full Article Amazon Q3 Profit Plunges Amazon.com Inc. (AMZN) said Tuesday third-quarter profit fell sharply as a result of a surge in operating expenses which offset the 44 percent revenue growth. The results missed the market view. The company also issued its fourth-quarter revenues outlook. (Oct 26, 2011) Full Article Express Scripts Q3 Profit Climbs; Backs 2011 EPS View Express Scripts Inc. (ESRX) posted Tuesday a higher third-quarter profit on the back of higher margins. Both adjusted earnings and revenues exceeded market expectations. The company also reaffirmed its 2011 earnings forecast. (Oct 26, 2011) Full Article F5 Networks Q4 Profit Up F5 Networks Inc. (FFIV) Tuesday reported a rise in fourth-quarter profit on "solid" gains across regions and vertical market segments and also stronger product sales. Both adjusted earnings and revenues beat analysts' estimates. The company also issued its first-quarter 2012 financial guidance. (Oct 26, 2011) Full Article Western Union Q3 Profit Edges Up Western Union Co. (WU) Tuesday said third-quarter profit went up 1 percent thanks to higher customer-to-customer revenues. Both adjusted earnings and revenues were on par with the Street view. The company also tightened its 2011 earnings outlook. (Oct 26, 2011) Full Article McKesson Q2 Profit Falls; Ups FY12 Adj. EPS View McKesson Corp. (MCK) Tuesday reported a slide in second-quarter profit on the negative impact of an increase in litigation reserve. The company also lifted its fiscal 2012 adjusted earnings outlook. (Oct 26, 2011) Full Article ACE Sinks to Q3 Loss; Raises 2011 Operating EPS Outlook ACE Ltd. (ACE) Tuesday posted a third-quarter loss reflecting a hefty rise in net realized losses. Both adjusted earnings and revenues topped market expectations. The company also upped its 2011 operating earnings view. (Oct 26, 2011) Full Article IBM Says Virginia Rometty to Succeed Samuel Palmisano As President, CEO International Business Machines Corp. (IBM) announced Tuesday the appointment of Virginia Rometty as its next President and Chief Executive Officer with effect from January 1, 2012. Rometty, currently Executive Vice President and Group Executive for Sales, Marketing and Strategy, succeeds Samuel Palmisano, who will continue as IBM's Chairman of the Board. (Oct 26, 2011) Full Article TJX Companies Updates on Q3 Financial Guidance; Backs FY12 EPS View TJX Companies Inc. (TJX) said Tuesday it now sees third-quarter earnings "solidly in the middle" of its previously announced view, while sales are anticipated "near the middle" of the outlook. The company added being "comfortable" with its fiscal 2012 earnings guidance issued earlier. (Oct 26, 2011) Full Article SAP Q3 Profit Skyrockets SAP AG (SAP) Wednesday reported a surge in third-quarter profit thanks to a re-measurement in recorded litigation provision relating to the TomorrowNow litigation with Oracle Corp. (ORCL). (Oct 26, 2011) Full Article BTI Reports Nine-Month Organic Revenue Growth British American Tobacco plc (BATS.L, BTI) announced Wednesday a 7 percent organic growth in nine-month revenues on the back of excise-driven price increases and higher Global Drive Brand volumes. (Oct 26, 2011) Full Article General Dynamics Q3 Profit Inches Up General Dynamics Corp. (GD) Wednesday posted a marginal rise in third-quarter profit thanks to wider operating margins. Earnings from continuing operations per share were also lifted by a lower share count, and topped the market view, while revenues fell short. (Oct 26, 2011) Full Article GlaxoSmithKline Q3 Profit Climbs GlaxoSmithKline plc (GSK, GSK.L) reported Wednesday an increase in third-quarter profit helped by a 6 percent underlying sales growth and lower restructuring expenses. (Oct 26, 2011) Full Article Ford Q3 Profit Slips Ford Motor Co. (F) Wednesday said third-quarter profit fell year-over-year on the impact of anticipated reductions in Financial Services. (Oct 26, 2011) Full Article WellPoint Q3 Profit Slumps; Ups 2011 Financial Outlook WellPoint Inc. (WLP) posted Wednesday a slide in third-quarter profit as a result of narrower margins. Adjusted earnings per share however were boosted by a lower share count and topped Street estimates. The company also lifted its 2011 financial outlook. (Oct 26, 2011) Full Article Boeing Q3 Profit Jumps; Ups 2011 EPS Guidance The Boeing Co. (BA) announced Wednesday a jump in third-quarter profit as "strong" all-round performance boosted operating margin. Earnings beat, while revenues fell short of estimates. The company also lifted its 2011 earnings view, and narrowed the revenues outlook. (Oct 26, 2011) Full Article Medco Q3 Profit Dips; Raises 2011 EPS View Medco Health Solutions Inc. (MHS) Wednesday said third-quarter profit slid year-over-year on merger related expenses. The company also lifted its 2011 earnings guidance. (Oct 26, 2011) Full Article Sprint Nextel Q3 Loss Shrinks Sprint Nextel Corp. (S) announced Wednesday a narrower third-quarter loss thanks to higher average revenue per user and growth in wireless consumer base. Per-share loss bettered analysts' estimates, but revenues fell short. (Oct 26, 2011) Full Article Broker Ratings Changes KeyBanc Capital Markets Lowers Autoliv Inc (ALV) To Hold From Buy (Oct 26, 2011) KeyBanc Capital Markets Lowers MISTRAS Group Inc. (MG) To Hold From Buy (Oct 26, 2011) Robert W. Baird Downgrades C.H. Robinson Worldwide Inc. (CHRW) To Neutral From Outperform With $76 down from $84 Price Target (Oct 26, 2011) Robert W. Baird Lowers Owens & Minor (OMI) To Underperform From Neutral With $28 down from $32 Price Target (Oct 26, 2011) Todays WS Events Automatic Data Processing Q1 12 Earnings Conference Call At 8:30 AM ET Automatic Data Processing Inc.(ADP) will host a conference call at 8:30 AM ET on October 26, 2011 to discuss its Q1 12 earnings results. To access the live webcast, log on at www.adp.com (Oct 26, 2011) Boeing Q3 11 Earnings Conference Call At 10:30 AM ET The Boeing Company (BA) will host a conference call at 10:30 AM ET on October 26, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.boeing.com/companyoffices/financial (Oct 26, 2011) CA Technologies Q2 12 Earnings Conference Call At 5:00 PM ET CA Technologies Inc. (CA) will host a conference call at 5:00 PM ET October 26, 2011, to discuss its Q2 12 earnings results. To access the live webcast, log on at http://investor.ca.com A call can be accessed by dialing 1-877-561-2748 (US) or 1-720-545-0044 (International). For replay a call, dial 1-855-859-2056 (US) or 1-404-537-3406 (International); passcode: 95417525. (Oct 26, 2011) ConocoPhillips Q3 11 Earnings Conference Call At 11:00 AM ET ConocoPhillips (COP) will host a conference call at 11:00 AM ET on October 26, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.conocophillips.com/investor (Oct 26, 2011) Ford Motor Q3 11 Earnings Conference Call At 9:00 AM ET Ford Motor Co. (F) will host a conference call at 9:00 AM ET on October 26, 2011 to discuss its Q3 11 preliminary earnings results. To listen to the webcast, log on at www.shareholder.ford.com To hear the call, dial 866.318.8620 (US) or 617.399.5139 (International) with passcode "Ford Earnings". A replay of the call can be heard by dialing 888.286.8010 (US) or 617.801.6888 (International) with passcode 50835972. (Oct 26, 2011) Lockheed Martin Q3 11 Earnings Conference Call At 2:00 PM ET Lockheed Martin Corp. (LMT) will host a conference call at 2:00 PM ET on October 26, 2011 to discuss its Q3 11 earnings results. To access the live audio webcast, log on at www.lockheedmartin.com/investor (Oct 26, 2011) Symantec Q2 12 Earnings Conference Call At 5:00 PM ET Symantec Corporation (SYMC) will host a conference call at 5:00 PM ET October 26, 2011, to discuss its Q2 12 earnings results. To access the live webcast, log on at www.symantec.com/invest (Oct 26, 2011) Visa Q4 11 Earnings Conference Call At 5:00 PM ET Visa Inc. (V) will host a conference call at 5:00 PM ET on October 26, 2011 to discuss its Q4 11 earnings results. To access the live webcast, log on at http://investor.visa.com (Oct 26, 2011) | 
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