Filed under: Before the bell, Earnings reports, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Amazon.com (AMZN), Ford Motor (F), Toyota Motor Corp. (TM), Citigroup Inc. (C), Research in Motion (RIMM), Delta Air Lines (DAL)
Before the bell: Futures sharply lower as oil rallies, dollar declines, GM takes a charge
Almost any stock I’ve looked at so far has been down over 1% from Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Reearch in Motion (NASDAQ: RIMM) — down about 1.2% as of 7:30 — to Citigroup Inc. (NYSE: C) — down over 1.7% — to Ford Motor Co. (NYSE: F) — down over 1.8%. This gives another indication to the direction the market will be taking at the open. I expect stocks to be hammered.
Unlike GM’s earnings, Toyota Motor Corp. (NYSE: TM) reported that its quarterly profit rose 11% on solid overseas sales and it raised its earnings forecast for the full year.
Microsoft Corp. (NASDAQ: MSFT) said it fired its chief information officer for violating company policies. No more details were provided. Meanwhile, today, the company said it signed an agreement with China’s No. 2 personal computer maker to pre-install Microsoft’s Windows operating system in PCs to combat widespread Chinese product piracy.
Delta Air Lines (NYSE: DAL) has reached a 10-year, $1 billion plus deal with Chromalloy Gas Turbine Corporation. The agreement will help the airline expand the types of engines it can maintain itself.
A group of Republicans in the U.S. House of Representatives called Tuesday for a hearing to extend a public inquiry on Google Inc.’s (NASDAQ: GOOG) planned merger with DoubleClick.
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