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    Last update: December 22, 2009

    +Stock futures gain on Disney results; consumer data ahead
      NEW YORK (Reuters) - U.S. stock index futures rose on Friday after solid earnings from Walt Disney Co and JC Penney Co Inc, following the first losing day in seven sessions for blue chips.

    +U.S. trade gap widens 18.2 percent in September
      WASHINGTON (Reuters) - The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the most in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher, a U.S. government report showed on Friday.

    +Former bankers look to buy failing banks: report
      (Reuters) - Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG, the Wall Street Journal reported citing sources.

    +JC Penney Q3 profit falls, shares up on forecast
      NEW YORK (Reuters) - Department store operator J.C. Penney Co Inc reported a lower quarterly profit on Friday but raised its forecast for the full year to a level that could top Wall Street expectations, sending shares up nearly 4 percent.

    +GM still wants state aid for Opel restructuring
      FRANKFURT (Reuters) - General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help.

    +Euro zone Q3 recession exit less robust than thought
      BRUSSELS (Reuters) - The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.

    +BA, Iberia merger hinges on pension deficit
      MADRID (Reuters) - British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia, as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.

    +Abercrombie &Fitch profit higher than expected
      NEW YORK (Reuters) - Abercrombie & Fitch posted a much better-than-expected quarterly profit on Friday, helped by cost cuts, and the retailer's shares rose more than 6 percent.

    +Disney profit and revenue beat Street, shares rise
      LOS ANGELES (Reuters) - Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.

    +Bain in $1.1 billion deal for Citi's Bellsystem: sources
      TOKYO/NEW YORK (Reuters) - U.S. private equity firm Bain Capital is finalizing a roughly 100 billion yen ($1.1 billion) deal to buy Japanese telemarketer Bellsystem24 from Citigroup Inc , three sources familiar with the matter said.

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