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JM Smucker profit tops market, shares up

J.M. Smucker Co , known for its peanut-butter and jelly, posted a quarterly profit that easily topped market expectations, helped by strong results at its Folgers business, and expected its full-year profit at the higher end of its outlook, sending its shares up 3 percent.

Wall Street surges as economy optimism grows

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Stocks rose on Friday, sending the S&P 500 index to a 10-month intraday high, as better-than-expected July existing home sales in the United States, following positive economic surveys in Europe, added to optimism the economy was on the mend.
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CRH H1 seen down 83 pct, Obama stimulus to help H2

Irish building materials group CRH is expected to post a steep drop in first-half earnings next week with investors eager for indications of a boost in the second half from U.S. government spending.
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Fighting kills 22 in Somali capital Mogadishu

Fighting erupted between Islamist rebels, government forces and African Union peacekeepers in Somalia's capital Mogadishu on Friday, killing at least 22 people, witnesses and medical staff said.
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Pakistan leader backs China over Xinjiang

Pakistani President Asif Ali Zardari backed China's policies in its tense Xinjiang region ahead of his latest visit to the giant neighbor he has wooed as a strategic and economic counterweight to the West, Chinese state media said.
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Iran allows U.N. watchdog access to planned reactor

Iran has allowed U.N. nuclear inspectors access to a reactor under construction after blocking visits for a year, and has let them upgrade monitoring at another site ahead of a crucial report on its atomic program.
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UK condemns celebrations for Lockerbie bomber

Britain on Friday condemned celebrations in Tripoli to mark the return of the Lockerbie bomber, and scrambled to deflect international fallout from the decision to free him on humanitarian grounds.
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Oil hits 2009 high above $74, eyes Fed speech

Oil touched a high for this year above $74 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
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State, local government jobs up despite recession

While businesses across the United States slash jobs, state and local governments have actually increased employment slightly since the economic recession began in December 2007, according to a report released on Thursday.
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Karzai, chief rival claim victory in Afghan vote

President Hamid Karzai's campaign and chief rival Abdullah Abdullah both said on Friday they had won Afghanistan's election, but Washington's chief envoy warned candidates not to declare victory prematurely.
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Wall Street set to rise on euro data

Stock index futures pointed to a higher open on Friday, spurred by positive economic data from Europe, as investors awaited a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.
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Stock futures up on European data

Stocks rose on Friday after positive economic data from Europe and ahead of a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.
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Suntech trims shipment forecast, shares fall

Suntech Power Holdings Co Ltd posted a higher-than-expected second-quarter profit on Thursday but trimmed its full-year forecast for shipments and said prices on solar panels were still falling sharply, sending shares down 3 percent.
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Hollywood playing catch-up with videogames

COLOGNE, Germany - Films and videogames would seem a match made in heaven, so why are games based on hit movies so bad? Despite sharing the same demographic of devoted fans, action, sci-fi and fantasy films rarely translate into branded videogame hits.
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Fed retreat draws elite, but glamour is on holiday

Central bankers around the world may be gathering to solve the world's problems at their annual mountain retreat hosted by the Federal Reserve Bank of Kansas City, but the only fur coat being sported in the lobby of the Jackson Lake Lodge is by a stuffed grizzly bear.
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Oil hits 2009 high above $73, eyes Fed speech

Oil touched a high for this year above $73 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
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Caterpillar, Navistar eye China truck JV: source

Caterpillar and Navistar International Corp are in talks with China's Jianghuai Automobile to set up a truck venture, a source said, as the firms become the latest foreign players to tap the market dominated by Chinese state auto groups.
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Futures rise ahead of Bernanke, housing data

Stock index futures rose on Friday as investors looked to a speech from Federal Reserve Chairman Ben Bernanke and new data on the sale of existing homes for a fresh insight into the economy.
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Oil firms over $73, eyes Fed speech

Oil rose over $73 a barrel on Friday, off a seven-week high, ahead of further pointers on the economic health of the United States, the world's top energy consumer.

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