| Commentary Stocks May Open Sharply Lower Amid Renewed Europe Worries - U.S. Commentary With traders expressing renewed concerns about the financial situation in Europe, stocks are likely to move sharply lower in early trading on Tuesday. The major index futures are pointing to a sharply lower open for the markets, with the Dow futures down by 219 points. (Nov 1, 2011) Full Article    Economic News BoJ Minutes: Economy Faces Greater Downside Risks Members of the Bank of Japan's monetary policy board said that the risks to the economy have increased in the last month, minutes from the bank's October 6 and 7 meeting revealed on Tuesday. (Nov 1, 2011) Full Article South Korea Has $4.3 Billion Trade Surplus South Korea saw a merchandise trade surplus of $4.3 billion in October, the Ministry of Knowledge Economy said on Tuesday - remaining in the black for the 21st consecutive month. (Nov 1, 2011) Full Article China Factory Growth Weakest Since Feb. 2009, Input Costs Fall China's manufacturing activity eased to its weakest level in almost three years in October, while there was a sharp fall in purchasing costs, survey results from the China Federation of Logistics and Purchasing (CFLP) indicated Tuesday. (Nov 1, 2011) Full Article RBA Lowers Key Rate For First Time Since 2009 On Weak Growth Australia's central bank on Tuesday reduced its benchmark interest rate by a quarter point as inflation eased and domestic growth moderated due to weak global economic activity. (Nov 1, 2011) Full Article U.K. House Prices Rise For Second Month, Likely To Remain Subdued: Nationwide House prices in the U.K. improved for a second month in a row in October, but price growth is likely to remain soft in the period ahead, given the weak domestic economic activity, a key survey revealed Tuesday. (Nov 1, 2011) Full Article Greek Referendum Plan Casts Shadow On EU Rescue Deal Greek Prime Minister George Papandreou has announced a referendum on the new EU bailout package and a parliamentary confidence vote on austerity measures that his government was forced to implement in return for the rescue deal. (Nov 1, 2011) Full Article U.K. Grows Faster Than Expected In Q3 The U.K. economy expanded at a faster than expected pace in the third quarter, underpinned by an improvement in services and a recovery in production that offset a decline in construction. (Nov 1, 2011) Full Article British Factory Sector Contracts At Fastest Rate In 28 Months British manufacturing activity deteriorated to the lowest level in twenty-eight months in October, as new business declined sharply amid the continuing uncertainty in the Eurozone, results of a survey showed Tuesday. (Nov 1, 2011) Full Article Earnings News FMC Q3 Profit Edges Up; Revises 2011 EPS View FMC Corp. (FMC) Monday posted a higher third-quarter profit thanks to all-round growth in revenues. Earnings missed analysts' estimates, but revenues beat. The company also guided on fourth-quarter earnings, and revised its 2011 earnings outlook. (Nov 1, 2011) Full Article Allstate Q3 Profit Plunges The Allstate Corp. (ALL) said Monday third-quarter profit declined sharply year-over-year on the back of steeply higher catastrophe losses. (Nov 1, 2011) Full Article Anadarko Q3 Loss Deepens Anadarko Petroleum Corp. (APC) Monday reported a wider third-quarter loss primarily due to the hefty impact of a settlement with BP plc. (Nov 1, 2011) Full Article Credit Suisse Q3 Profit Up; To Trim Workforce by 3 Percent Credit Suisse Group (CS) Tuesday reported a rise in third-quarter profit due to an accounting gain. The company also outlined enhanced cost saving plans that involve a 3 percent workforce reduction. (Nov 1, 2011) Full Article Baker Hughes Q3 Profit Soars Baker Hughes Inc. (BHI) posted Tuesday a sharp climb in third-quarter profit reflecting a jump in revenues and also a one-time tax benefit. Adjusted earnings, however, fell short of the Street view, while revenues topped. (Nov 1, 2011) Full Article Emerson Electric Q4 Profit Increases Emerson Electric Co. (EMR) Tuesday announced an increase in fourth-quarter profit as a result of higher revenues and lower costs and expenses. The company also issued its fiscal 2012 earnings and revenues growth forecast. (Nov 1, 2011) Full Article Pfizer Q3 Profit Zooms; Ups 2011 EPS Guidance Pfizer Inc. (PFE) Tuesday posted a surge in third-quarter profit as a result of an after-tax gain from the sale of Capsugel. The company also lifted its 2011 earnings and adjusted earnings outlook. (Nov 1, 2011) Full Article Valero Energy Posts Nearly Four-Fold Growth in Q3 Profit Valero Energy Corp. (VLO) announced Tuesday a nearly four-fold growth in third-quarter profit on the back of higher throughput margin and volumes. (Nov 1, 2011) Full Article TransCanada Q3 Profit Climbs TransCanada Corp. (TRP, TRP.TO) Tuesday reported a climb in third-quarter profit driven by recently commissioned pipeline and power generation assets and also higher power prices in Alberta. The results exceeded market expectations. (Nov 1, 2011) Full Article Archer Daniels Midland Q1 Profit Jumps Archer Daniels Midland Co. (ADM) said Tuesday first-quarter profit jumped primarily due to a LIFO credit this year and a LIFO charge a year ago. Adjusted earnings declined from last year. (Nov 1, 2011) Full Article Corporate News Boeing Exec. VP, Corp. President & CFO James Bell To Retire Boeing Co. (BA) Tuesday revealed its Executive Vice-President, Corporate President and Chief Financial Officer, or CFO, James Bell's retirement, which is expected to take effect April 1, 2012. The company also named Greg Smith to succeed Bell as Executive Vice-President and CFO, with effect from February 1, 2012. (Nov 1, 2011) Full Article Broker Ratings Changes RBC Capital Markets Lowers Anvil Mining (AVM.TO) To Underperform From Sector Perform (Nov 1, 2011) RBC Capital Markets Raises Grande Cache Coal Corporation (GCE.TO) To Sector Perform From Underperform (Nov 1, 2011) Robert W. Baird Starts Xylem Inc. (XYL) At Neutral With $29 Price Target (Nov 1, 2011) Todays WS Events Baker Hughes Q3 11 Earnings Conference Call At 8:30 AM ET Baker Hughes (BHI) will host a conference call at 8:30 AM ET on November 1, 2011 to discuss its Q3 11 earnings results. To access the webcast, log on at http://investor.shareholder.com/bhi/events.cfm To hear the live call, dial 800-374-2469 (US) or 706-634-7270 (International). A replay of the call can be heard by dialing 855-859-2056 (US) or 404-537-3406 (International) with access code 11523813. (Nov 1, 2011) Fiserv Q3 11 Earnings Conference Call At 5:00 PM ET Fiserv Inc. (FISV) will host a conference call at 5:00 PM ET on November 1, 2011 to discuss its Q3 11 earnings results. To access the live webcast, log on at www.fiserv.com (Nov 1, 2011) JDS Uniphase Q1 12 Earnings Conference Call At 5:00 PM ET JDSU (JDSU) will host a conference call at 5:00 PM ET on November 1, 2011 to discuss its Q1 12 earnings results. To access the live webcast, log on at www.jdsu.com/investors (Nov 1, 2011) Marathon Oil Q3 11 Earnings Conference Call At 2:00 PM ET Marathon Oil Corp. (MRO) will host a conference call at 2:00 PM ET on November 1, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to www.MarathonOil.com (Nov 1, 2011) Pfizer Q3 11 Earnings Conference Call At 10:00 AM ET Pfizer Inc. (PFE) will host a conference call at 10:00 AM ET on November 1, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to www.pfizer.com To listen to the call, dial (866) 246-2545 (US) or (706) 634-2365 (International) with password "Third Quarter Earnings". For a replay call, dial (US) or (International). (Nov 1, 2011) Pitney-Bowes Q3 11 Earnings Conference Call At 5:00 PM ET Pitney-Bowes (PBI) will host a conference call at 5:00 PM ET on November 1, 2011, to discuss Q3 11 earnings results. To access the live webcast, log on to http://www.investorrelations.pitneybowes.com/phoenix.zhtml?c=83377&p=irol-EventDetails&EventId=4210387 (Nov 1, 2011) Tenet Healthcare Q3 11 Earnings Conference Call At 10:00 AM ET Tenet Healthcare Corp. (THC) will host a conference call at 10:00 AM ET on November 1, 2011 to discuss its Q3 11 earnings results. To access the audio webcast, log on at www.tenethealth.com/investors (Nov 1, 2011) | 
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