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    Last update: December 22, 2009

    +Estee Lauder profit tops expectations
      Estee Lauder cuts costs and introduces products to bolster demand as profit doubles.

    +London Markets: WPP, Lloyds help British shares advance
      British shares rise, with Lloyds gaining sharply after a broker upgrade and Rio Tinto up after revising capital expenditure levels for next year.

    +Earnings Watch: Updates, advisories and surprises
      A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

    +Economic Report: Consumer spending retreats after clunkers ends
      U.S. consumer spending falls sharply in September after the government’s cash-for-clunkers program ends, the Commerce Department estimates.

    +Europe Markets: European shares waver after strong session
      European shares move between gains and losses on Friday although the moves were small, allowing stocks to mostly retain outsize advances made in the previous session.

    +Corrections: Alcatel-Lucent reports widening loss
      A MarketWatch story on Oct. 30 misspelled Alcatel-Lucent CFO Paul Tufano’s name.

    +Flying start for ChiNext debutants raises concerns
      All 28 stocks listed on China’s Nasdaq-style board got off to a flying start Friday, leading to a temporary suspension in trading after they broke through limits set by the stock exchange.

    +Currencies: Dollar consolidates as risk traders take breather
      The U.S. dollar was little changed versus major rivals Friday, consolidating as investors weighed their appetite for higher-yielding currencies and other assets perceived to carry more risk.

    +Alcatel-Lucent reports widening loss
      French-American telecom-equipment maker Alcatel-Lucent reports another period of slumping revenue that cost-cutting isn't able to offset.

    +Indications: U.S. stock futures point to weaker start
      U.S. stock futures point to a weaker start Friday following the rally in the prior session on surprisingly strong U.S. economic growth in the third quarter.

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