Recipe for a rally? Beat lowered estimates

Recipe for a rally? Beat lowered estimates (Reuters)
Posted: 09 Jul 2011 01:22 AM PDT
The outside of the New York Stock Exchange is seen in New York May 13, 2011. REUTERS/Shannon StapletonReuters - Wall Street heads into earnings season next week playing a typical game: Worrying about results a lot, and then rallying on pleasant surprises.


Posted: 09 Jul 2011 06:53 PM PDT
Reuters - The final edition of the newspaper engulfed in a phone-hacking scandal was published on Sunday as Rupert Murdoch headed to London to try to save the bigger prize of his takeover of the British broadcaster BSkyB.

Posted: 09 Jul 2011 04:43 PM PDT
Reuters - Les Hinton was adamant. Asked in 2007 by a British parliamentary committee whether the News of the World had "carried out a full, rigorous internal inquiry" into the use of illegal phone hacking by the newspaper and was "absolutely convinced" it was limited to a single reporter, Hinton did not hesitate.



Posted: 09 Jul 2011 12:07 PM PDT
Reuters - James Murdoch was not responsible for the phone hacking scandal that has engulfed his father's media empire, but that will matter little if his handling of the case does not improve quickly.

Posted: 08 Jul 2011 02:24 PM PDT
A passer by looks at a sign for jobs in Barre, Vt. on Thursday, July 7, 2011. Unemployment rises to 9.2 pct. in June, as employers add only 18,000 jobs. (AP Photo/Toby Talbot)AP - The job market is defying history.


Posted: 09 Jul 2011 03:51 AM PDT
A woman walks past a graffiti that says 'IMF = Eternal Love' at a closed building, Thursday, July 7 2011, in downtown Porto, Portugal. Portugal's financial plight has deepened. Borrowing rates jumped higher and stocks slumped after its bonds were downgraded to junk status. Portugal's hopes of slowly emerging from its debt crisis were knocked by ratings agency Moody's, which downgraded Portugal's debt four notches and said the country will likely follow Greece in needing a second rescue package.(AP Photo/Paulo Duarte)AP - The eurozone's hope that it could enjoy a summer lull in its crisis has vanished as quickly as it appeared.


Posted: 08 Jul 2011 08:38 PM PDT
A Greek taxi driver walks between parked taxis during a 24-hours strike in Athens on July 6. The International Monetary Fund said it was releasing 3.2 billion euros ($4.6 billion) to Greece but warned there was AFP - The International Monetary Fund said it was releasing 3.2 billion euros ($4.6 billion) to Greece but warned there was "no margin for slippage" in the country's reform program.


Posted: 08 Jul 2011 08:18 PM PDT
The sign of the Toys R Us store is seen in a Denver suburb March 15, 2011. REUTERS/Rick WilkingReuters - The initial public offering of Toys R Us, the world's largest toy retailer, is now expected in 2012, two sources told Reuters.


Posted: 09 Jul 2011 11:56 AM PDT
Pakistani firefighters work to extinguish a burning NATO supply oil tanker following an attack by gunmen on the outskirts of Quetta in June 2011. At least five people were killed when militants fired on two vehicles in northwest Pakistan, while the driver of a NATO oil tanker was shot dead in the southwest, officials said.(AFP/File/Banaras Khan)AFP - At least five people were killed when militants fired on two vehicles in northwest Pakistan on Saturday, while the driver of a NATO oil tanker was shot dead in the southwest, officials said.


Posted: 09 Jul 2011 11:28 AM PDT
Trenton Mayor Tony Mack answers a question in Trenton, N.J., Thursday, July 7, 2011, after he announced plans for a Trenton African American Pride festival. The once-booming industrial town of Trenton is today known more for its troubles than its attributes and rich history. It has high taxes, crime and poverty and low-performing schools. As Mack's administration has staggered from one crisis to another in his first year, critics are moving to recall him. (AP Photo/Mel Evans)AP - As the first new mayor of New Jersey's impoverished capital city in two decades, Tony Mack had his work cut out for him. The once-booming industrial town of Trenton is today known more for its troubles — high taxes, crime, poverty and low-performing schools — than its attributes and rich history.


Posted: 09 Jul 2011 03:16 PM PDT
Daily Caller - President Barack Obama’s auto bailout czar Ron Bloom is under fire from the House Oversight Committee for a pro-union comment he reportedly made in 2009.
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