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Re: livinginstyle post# 138477

Thursday, 10/25/2012 11:07:24 AM

Thursday, October 25, 2012 11:07:24 AM

Post# of 364628
European stocks are mostly higher, helped by strong earnings from Unilever (UL).
UL said Q3 revenue grew 5.9%, beating the 5.3% increase estimated by analysts in a Bloomberg survey.
In other ADR news, Credit Suisse Group AG (CS) said it intends to reduce costs by 1 billion francs ($1.1 billion) through the end of 2015. The lender already planned a 3 billion-franc savings program. Net income dropped to 254 million francs in Q3, below the Bloomberg estimate for a profit of 415 million francs.
WPP Plc (WPPGY) cut its full-year sales growth target for the second time in two months. It said revenue, excluding currency fluctuations and acquisitions, will grow 2.5% to 3%, compared with a previous forecast of about 3.5%.
Around the region, the U.K.'s economy expanded more than predicted in Q3, rebounding from a recession. GDP climbed 1% from Q2, when it dropped 0.4%, the Office for National Statistics said. Economists in a Bloomberg survey had predicted a 0.6% increase.
Mild support came from U.S. data. Weekly jobless claims dropped by 23,000 to a seasonally adjusted 369,000 in the week ended Oct. 23. Economists surveyed by MarketWatch had forecast claims to fall to 370,000.
U.S. durable goods rose 9.9% last month, marking the biggest gain in more than a year and a half. Orders in August had declined by the largest amount in three years. Economists polled by MarketWatch had expected an 8.3% increase.
The FTSE-100 was last up 0.1% at 5,810.86, the DAX up 0.43% at 7,223.97 and the CAC-40 down 0.15% at 3,421.43.

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