U.S. stock market report
0744 EST 21Jan2010
Starbucks to enter Europe's coffee market
Starbucks Corp said it struck a deal with Swedish-Danish dairy products cooperative Arla Foods to foray into the European ready-to-drink (RTD) coffee market.
The world's largest coffee chain said Arla Foods will manufacture, distribute and market Starbucks-branded premium RTD coffee beverages in Europe.
For details, see
Shares of Starbucks closed Wednesday at $23.29.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0735 EST 21Jan2010
Futures mixed ahead of Goldman earnings, data
U.S. stock index futures were mixed on Thursday ahead of quarterly results from Goldman Sachs Group, which leads another round of earnings reports, and data on the labor market and a leading economic index.
For details, see
Dow Jones industrial average futures fell 2 points while S&P 500 futures gained 1.6 points and Nasdaq 100 futures were up 0.75 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0732 EST 21Jan2010-Obama to target excessive risk
taking
President Barack Obama will propose stricter limits on financial risk-taking on Thursday in a move that may recall Depression-era curbs on banks.
The president will announce a series of measures to cut down on excessive risk-taking as part of a revamp of the country's financial regulatory system, a senior Obama official said on Wednesday.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0721 EST 21Jan2010-Inspire Pharma eye drug fails in late
stage trial
Inspire Pharmaceuticals Inc said a late-stage trial of its experimental eye drug failed to meet the main goal of efficacy.
The drug Proclaria, being developed to treat dry eye disease, was required to meet the main study goal of achieving zero-staining in a test that is used to detect the presence of foreign bodies in the eye and damage to the cornea.
For details, see
The stock closed Wednesday at $6.61.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 EST 21Jan2010
Google seen reporting good Q4 results
Google Inc is expected to deliver stellar fourth-quarter results on Thursday, but investors hope to get insight into its disagreement with China, which has cast doubt on its future in the world's largest Internet market.
A strong online holiday shopping season, improving advertising rates and market share gains should help Google, the world's No. 1 Internet search engine, deliver its most robust revenue growth in a year, analysts say.
For details, see
Shares of Google closed Wednesday at $580.41.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
0744 EST 21Jan2010
Starbucks to enter Europe's coffee market
Starbucks Corp said it struck a deal with Swedish-Danish dairy products cooperative Arla Foods to foray into the European ready-to-drink (RTD) coffee market.
The world's largest coffee chain said Arla Foods will manufacture, distribute and market Starbucks-branded premium RTD coffee beverages in Europe.
For details, see
Shares of Starbucks closed Wednesday at $23.29.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0735 EST 21Jan2010
Futures mixed ahead of Goldman earnings, data
U.S. stock index futures were mixed on Thursday ahead of quarterly results from Goldman Sachs Group, which leads another round of earnings reports, and data on the labor market and a leading economic index.
For details, see
Dow Jones industrial average futures fell 2 points while S&P 500 futures gained 1.6 points and Nasdaq 100 futures were up 0.75 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0732 EST 21Jan2010-Obama to target excessive risk
taking
President Barack Obama will propose stricter limits on financial risk-taking on Thursday in a move that may recall Depression-era curbs on banks.
The president will announce a series of measures to cut down on excessive risk-taking as part of a revamp of the country's financial regulatory system, a senior Obama official said on Wednesday.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0721 EST 21Jan2010-Inspire Pharma eye drug fails in late
stage trial
Inspire Pharmaceuticals Inc said a late-stage trial of its experimental eye drug failed to meet the main goal of efficacy.
The drug Proclaria, being developed to treat dry eye disease, was required to meet the main study goal of achieving zero-staining in a test that is used to detect the presence of foreign bodies in the eye and damage to the cornea.
For details, see
The stock closed Wednesday at $6.61.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 EST 21Jan2010
Google seen reporting good Q4 results
Google Inc is expected to deliver stellar fourth-quarter results on Thursday, but investors hope to get insight into its disagreement with China, which has cast doubt on its future in the world's largest Internet market.
A strong online holiday shopping season, improving advertising rates and market share gains should help Google, the world's No. 1 Internet search engine, deliver its most robust revenue growth in a year, analysts say.
For details, see
Shares of Google closed Wednesday at $580.41.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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