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U.S. stock futures advanced as euro- area leaders intensified negotiations to boost the region’s rescue funds before meeting in Brussels this weekend to discuss how to end the debt crisis.
France and Germany yesterday pledged to forge another definitive eurozone rescue scheme not by an EU summit on Sunday - as originally planned - but by Wednesday.
GE and Microsoft profits meet expectations. GE (GE) has reported profit that was in line with forecasts and revenue that exceeded predictions, although while Q3 EPS rose to $0.31 from $0.29, revenue dipped slightly to $35.4B. The conglomerate ended the quarter with a record-high order backlog of $191B and predicted double-digit operating EPS growth for next year.
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