Futures trending down since Europe opened on rumors that someone might be unwinding a structured product in Europe this am.
Mixed morning for stocks:
Alcatel-Lucent quarter was ok, but eliminates dividend due to the uncertain market outlook.
Tiffanyraised guidance for 2008, talked about at least a 10 percent increase in net sales.
On the other hand, diamond giant De Beers said sales fell 2 percent on poor Christmas sales. They control 40 percent of the world diamond market.
Glass giant Corning said they saw no signs of a slowdown in their business and affirmed their earnings for the full year.McDonalds
had good comp store sales in January--up 8.2 percent for Europe, 1.9 percent in the U.S.
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