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U.S. Morning Call: IBM CFO confident; eBay posts profit beat

Wednesday, July 18, 2012 - 02:47

July 19 - IBM sees a strong June, raising its full-year earnings target, and eBay posts a better profit than anticipated for the quarter.

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A tech fueled market is and a -- is -- usual instruction for apple here's your morning called this Thursday. We -- something you don't hear every day in this global economy and corporate executives saying he's quote pretty confident going into the next quarter. That's IBM's chief financial officer. I -- firms seeing a strong Q and raising its full year earnings targets slightly. It's reported declining quarterly revenue that missed estimates shares rising in the premarket. Well off -- -- for 2012. -- tense -- in the April. EBay meanwhile saying some of its businesses seeing strong growth in Europe. The company -- -- better profit anticipated. And sticking with the guidance of 2012. Shares have risen more than 30% this year. Future is getting a lift from the strong results Dow NASDAQ S&P 500 stock index futures -- higher with the tech heavy NASDAQ the biggest -- so far this morning. Stocks up in Asia and Europe. Treasuries roughly flat wind and the yield on the ten year note in the one point 5% range. What do Warren Buffett and Blackstone happened comment. Let's see housing improving -- making comments in a recent interview while Blackstone has been buying up foreclosures in hopes of a turnaround. June existing home sales out today could provide more evidence. Economist in the Reuters poll looking for a game to an annual rate of four point 63 million the report out at ten ASEAN we jobless claims out at 830. Imagine having to promote your competitor. A British judge telling apple to run saying Samsung. Did not copy it's designed for the iPad that according to Bloomberg the judge saying apple should publish a notice on its website as well. This is part of -- ongoing worldwide battle between the two companies over the -- -- infringement by Samsung. In the US case score one for apple and Steve Jobs. A judge barring me use his comments about going thermonuclear. On Google's Android operating system used by Samsung. Samsung argued the remarks -- companies biased towards its product. Stocks to watch today included Morgan Stanley the firm just out with a profit that missed expectations. CEO James Gorman say global global economic uncertainty remains a and UnitedHealth Group the picture of a gain in profit that topped forecasts. And raising its guidance for the full year that your morning called this Thursday you can follow us on Twitter at Reuters Insider and check -- a Reuters YouTube channel. At Reuters dot com slash players TV. I'm Lisa Bernhard this is writers.

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U.S. Morning Call: IBM CFO confident; eBay posts profit beat

Wednesday, July 18, 2012 - 02:47