Business Today: Stock futures lower after Alcoa results

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Good Morning Bit, TUE 13 Apr 2010    Stock futures lower after Alcoa results Twitter set to make money through advertisements Trade deficit widens in February on imports Hu tells Obama: China to make its own call on yuan Consumer Reports calls Lexus SUV "safety risk" World oil demand to hit record high this year: IEA ECB policymakers give thumbs-up to Greece deal Alcoa posts loss, but matches Wall St estimates Huawei approached by Palm for acquisition talks: source Growth, cheap smartphones key in Q1 handset market Food stamps for the middle class El-Erian's doubts on Greece deal Business Update: Fading euphoria Stock futures lower after Alcoa results April 13, 2010 08:11 AM ET NEW YORK (Reuters) - U.S. stock index futures slipped on Tuesday, a day after Alcoa reported in-line quarterly profit but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months. Full Article Twitter set to make money through advertisements April 13, 2010 07:55 AM ET (Reuters) - Popular microblogging site Twitter is all set to unveil its advertisement model on Tuesday, which would mark its first step toward allaying concerns about its revenue generating potential. Full Article Trade deficit widens in February on imports April 13, 2010 08:34 AM ET WASHINGTON (Reuters) - A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday. Full Article Hu tells Obama: China to make its own call on yuan April 13, 2010 07:42 AM ET BEIJING/WASHINGTON (Reuters) - China will chart its own course in reforming the yuan, President Hu Jintao told President Barack Obama, reinforcing the view that Beijing is likely to tip-toe, not leap, toward appreciation. Full Article Consumer Reports calls Lexus SUV "safety risk" April 13, 2010 07:57 AM ET TOKYO (Reuters) - Consumer Reports on Tuesday urged consumers to avoid purchasing a Lexus GX 460, saying the sport utility vehicle from Toyota Motor Corp was a "safety risk" because of the performance of its stability control system. Full Article World oil demand to hit record high this year: IEA April 13, 2010 06:39 AM ET LONDON (Reuters) - Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates as the world economy recovers from recession. Full Article ECB policymakers give thumbs-up to Greece deal April 13, 2010 07:22 AM ET LINZ, Austria/MADRID (Reuters) - European Central Bank policymakers gave the thumbs-up on Tuesday to the euro zone's rescue package for Greece as the debt-laden country passed a key test of its ability to raise fresh funds. Full Article Alcoa posts loss, but matches Wall St estimates April 13, 2010 12:47 AM ET NEW YORK (Reuters) - Aluminum producer Alcoa Inc on Monday posted its fifth net loss in the past six quarters, but when charges were excluded its results matched Wall Street estimates. Full Article Huawei approached by Palm for acquisition talks: source April 13, 2010 05:35 AM ET SHANGHAI (Reuters) - China's Huawei Technologies has been tapped by money-losing smartphone maker Palm Inc for preliminary acquisition talks, a source familiar with the matter said. Full Article Growth, cheap smartphones key in Q1 handset market April 13, 2010 02:57 AM ET HELSINKI/SEOUL (Reuters) - Top cellphone makers are set to report accelerating market growth and booming demand for new smartphones when they unveil March quarter earnings starting this week. Full Article

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