Reuters – Department store operator Macy’s Inc forecast earnings for the critical fourth quarter far below Wall Street expectations, sending shares down 3.4 percent in premarket trading.
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Macy’s Q4 forecast disappoints; shares fall
(Reuters)
Brazil emerged early Wednesday from a widespread power outage that plunged its major cities into darkness for hours, prompting concern from residents about another black eye for a country hosting the 2016 Olympic Games. Power went out for more than two hours late Tuesday in Rio de Janeiro, Sao Paulo and several other major cities.
British Prime Minister Gordon Brown is coming under huge criticism for his handling of the war in Afghanistan. In one town, which has begun an unofficial tradition of mourning British soldiers as the coffins are driven through the streets, support for the troops is universal, but many question the Afghan mission.
Reuters – Stock index futures pointed to a higher opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 0.8 percent at 4:54 a.m. EST.
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Stock index futures point to early gains on Wall Street
(Reuters)
Prague is brimming with commerce, optimism and tourists two decades after the Velvet Revolution overthrew the communist government and brought dissident poet Vaclav Havel into the presidential palace. But some Czechs worry their once dynamic political culture is declining and active citizenship waning.
Where does all that dust under your couch come from? It turns out that most household dust comes from outside — and may contain some pretty harmful stuff.
Reuters – High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
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Fed officials see choppy recovery for U.S. economy
(Reuters)
AP – Emdeon Corp., which provides financial and clinical services to the health care industry, said Tuesday its third-quarter loss widened on higher expenses and a boost in income tax costs.
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Emdeon 3Q loss widens on costs
(AP)
Reuters – U.S. Bancorp , the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.
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U.S. Bancorp looks to expand credit card business
(Reuters)
Before 1996, when new AIDS drugs were introduced, life expectancy was 18 months post-diagnosis. Now, AIDS patients regularly live for decades with the disease. But as these patients live longer, unanticipated side effects — caused by the disease itself, medications to treat it or both — introduce a new set of maladies.
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