Good morning. Here’s what you need to know:
- Asian markets were higher in overnight trading, with the Nikkei up 1.78%. Major European indices are mostly higher this morning, and U.S. futures suggest a mixed open. Now, here are the 10 unusual stocks attracting huge interest this morning >
- The ADP employment report came in much better than expected. Check out the details here >
- Cyclone Yasi is bearing down on the coast of Australia right now. The storm is a category 5 cyclone, with winds of approximately 186 miles per hour. If you don’t think the weather is affecting the economy then check this out >
- Egyptian protests continue this morning, though now there are counter-protests from pro-Mubarak forces. The internet has been switched back on in Cairo, and protesters are being encouraged by the army to go home. Check out these stunning new Egyptian protest photos taking by an activist >
- Yemen’s president, Ali Abdullah Saleh, has decided not to stand for reelection in 2013. Saleh, who has been in power for 30 years, says his son, too, will not run. Here are the 11 countries at risk of becoming the next Egypt >
- Germany and France now look likely to propose their “pact for competitiveness” at this Friday’s European Union meeting. The deal centres around changes in labour and tax policy meant to make the eurozone more unified. Here’s a breakdown of what will be in the pact >
- Net profit at Swiss drug manufacturer Roche rose 11% in 2010, but revenues were down 3%. Sales were down in the developed markets of the U.S. and Europe, but up in emerging markets.
- Borders looks likely to file for bankruptcy by the middle of February. The company’s bankruptcy strategy may see 150 or more stores close.
- Nomura reported weaker than expected net income for its Q3, ending December 31. The disappointing results were based on increasing costs and losses outside of Japan.
- U.S. auto sales increased by 15% in January, year-over-year. General Motors and Chrysler group both had sharp sales increases of 23%, year-over-year. But, don’t be too confident, here are 10 threats to global instability you should be watching right now >
- Bonus: Lindsay Lohan is a suspected of stealing a “high end piece of jewelry” and police are seeking a warrant to search her house, according to Radar Online.