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Adobe outlook beats forecasts

Adobe Systems Inc issued an earnings forecast sharply above Wall Street projections, contrasting sharply from a pessimistic outlook three months ago when it was concerned about the weak economy.
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Stock index futures signal gains, Adobe eyed

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.36 percent, Dow Jones futures up 0.32 percent and Nasdaq 100 futures up 0.27 percent at 0928 GMT (4:28 a.m. EDT).
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Euro slips on Moody's Portugal review

The euro pared gains on Tuesday after Moody's put Portugal on review for a possible downgrade, while world stocks rose, driven by bargain-hunting investors betting on stronger global growth next year.
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SEC probes Chinese listings on U.S. exchanges: report

The U.S. Securities and Exchange Commission has begun a probe into Chinese companies listing on U.S. stock exchanges through reverse takeovers, the Wall Street Journal reported, citing people with knowledge of the probe.
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TD Bank close to Chrysler Financial deal: source

Toronto-Dominion Bank is close to an agreement to buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, a source familiar with the matter said on Monday.
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BOJ holds fire, Shirakawa may assure on bond yields

The Bank of Japan kept monetary policy on hold on Tuesday but warned of weakening factory output and business sentiment, assuring markets that it was focusing on downside risks to growth that may trigger further easing ahead.
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Asia shares tick up, dollar unchanged

Japan's Nikkei share index <.N225> rises 0.7 percent as investors pick up bargains after recent price falls, but volume is low on absence of foreign buyers.
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Toshiba says may hit nuclear sale

Revenue from Toshiba Corp's <6502.T> nuclear power plant business may reach 1 trillion yen ($12 billion) in the next three years, ahead of schedule, the Japanese industrial conglomerate said on Tuesday.
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Corrected: Toshiba says may hit nuclear sale

(Corrects third paragraph to state that the source of the information in the paragraph is the Nikkei newspaper, not the company spokesman; moves company spokesman's name to second paragraph)
The American Electric Power Company's cooling tower at their Mountaineer plant is shown in New Haven, West Virginia October 27, 2009.

EPA winning war vs. acid rain

The U.S. Environmental Protection Agency released a report today that shows 15 years of successful results from EPA’s nationwide effort to address acid rain.
Meredith Whitney, CEO, Meredith Whitney Advisory Group LL

Up to 100 U.S. municipalities may default next year: Whitney

Renowned Wall Street analyst Meredith Whitney has warned that the U.S. may witness between 50 to 200 “sizeable defaults” amounting to “hundreds of billions of dollars” among municipal and state governments next year, which could derail the recovery.
Democratic Senator Barbara Boxer (C) surrenders her PDA as she makes her way into the Old Senate Chamber for a closed session about the new START treaty on Capitol Hill in Washington December 20, 2010.

What is a 'secret session' in the Senate?

Members of the U.S. Congress are convening on Monday in rare secret meeting closed to the public and media to deliberate on the START nuclear treaty presented to them by President Barack Obama.
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Toshiba may hit nuclear power rev target earlier: report

Toshiba Corp <6502.T> may log 1 trillion yen ($11.94 billion) in sales from its nuclear power business by fiscal 2013, instead of fiscal 2015, due to a growing demand in emerging markets and the United States, its President Norio Sasaki told The Nikkei in an interview.
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Genzyme argues Campath value in Sanofi fight

Genzyme Corp held its second investor meeting in two months to argue that its most promising experimental drug will capture five times the sales that Sanofi-Aventis has assumed in a hostile $18.5 billion takeover bid.
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Judge seeks extension of WaMu deal deadline

A judge said on Monday she needs more time to rule on Washington Mutual's $10 billion deal aimed at bringing the company out of bankruptcy, and asked the parties to extend a key deadline, according to court documents.
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Hedge funds may skirt direct Fed scrutiny: source

The Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by the central bank, an industry source familiar with the Fed's position said.

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