Tuesday, January 29, 2008

U.S. stock futures flattish as Fed call nears; VMware tumbles - MarketWatch

U.S. stock futures flattish as Fed call nears; VMware tumbles - MarketWatch


Dow industrials component American Express (AXP:
AXP) fell nearly 3% in Frankfurt after it reported a 10% profit fall after setting aside more money to cover loan losses.
Dow Chemical (DOW:) reported a 52% profit drop, but beat expectations.
After the close, Internet search engine Yahoo (YHOO:
YHOO
Last:
)
will unveil its quarterly performance.
IAC Interactivecorp (IACI:
IACI) also will be in the spotlight as Liberty Media took steps to throw Chairman Barry Diller off IAC's board. Diller called John Malone's Liberty Media "insane," according to a report in The Wall Street Journal.
Also on the media front, Walt Disney & Co. (DIS:
DIS) was downgraded to sell from hold at Citigroup on worries over its theme park division.
International stock markets generally were stronger after the Wall Street gains. The Nikkei 225 climbed 3% in Tokyo, and the FTSE 100 rose 0.9% in London. End of Story

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