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Canon Corp. is the world's biggest maker of cameras, office equipments maker and it's the world's second-largest printer maker, released its statement which showed the company increased its full-year earnings forecast by 2.1%, as the company reduced the production costs along with higher camera exports.  The company indicated that the operating profit (sales minus the cost of goods sold and another expenses), may be 390 billion yen during the year, compared with a previous forecasts for 360 billion yen, while the company expects camera sales will increase to be 26.7 million units, against a July expectation of 26.5 million units.  Moreover, Canon expects annual net income will jump to reach 245 billion yen ($3 billion) by the end of the year, which compared with a previous projection of 240 billion yen. 

Cautious remains a present feature in the stock markets around Asia as the dollar gained value, pushing commodities down. Markets seam to undertake a correctional movement on the short term especially since data supports the decline. South Korea’s economy grew less than expected in Q3 while inflation in Australia rose less than estimated. The MSCI Asia Pacific Index fell today by 1.1% to 129.03 at 15:17 in Tokyo. Nikkei 225 Nikkei 225 rose today by 0.10% or 9.65 points closing at 9387.03 after the dollar rose against the yen giving support to the Japanese exporting companies. From 225 shares, 84 advanced, 122 declined and 19 unchanged. Sectors leading the incline were consumer goods that gained 14.90 points and the industrials that gained 7.76 points, while the sector that led the decline was health care which lost 6.92 points. Among the shares that advanced TDK Corp topped the list by rising 3.16% closing at 4740 yen, followed by Softbank Corp which rose by 1.44%...

By Leah Schnurr NEW YORK (Reuters) - Wall Street was set for a lower open on Tuesday, the day after hitting a five-month high, pressured by a stronger dollar and lackluster corporate results. Texas Instruments Inc <TXN.N> fell in premarket trade after it warned that fourth-quarter revenue will be hurt by slowing demand, while United States Steel Corp <X.N> tumbled after posting a loss and warning of a fourth-quarter deficit due to the uncertain economy in North America and Europe. Texas Instruments slipped 1.5 percent to $28.55, while U.S. Steel slumped 5.8 percent to $39.80. Equities continued to take their cue from the U.S. dollar, which steadied with investors wary of pushing it lower. The dollar index <.DXY> was up 0.6 percent. Stocks and the greenback have formed an inverse relationship, exacerbated by expectations the Federal Reserve will embark on another round of economic stimulus. Rick Meckler, president of investment firm LibertyView Capital Management in New York, noted the dollar-equities relationship could start to unravel if...

U.S. equity indices retreated in today’s early trading from their highest levels since April, as earnings from a number of companies including Texas Instruments Inc and United States Steel Corp disappointed investors, while data from the housing market also disappointed investors, which weighed down on overall confidence among investors. The S&P/CaseShiller house price index was released for the month of August today, where the index showed that house prices rise less than estimates. Meanwhile, the U.S. dollar gained momentum against its major counterparts, as investors sought less risk. The U.S. dollar index, which is a measure for the dollar’s performance against a basket of currencies including the Euro, the Pound, and the Yen, rose to trade at 77.52, compared with the opening level at 77.16 after recording its highest at 77.60 and its lowest at 77.04. Gold prices Declined to trade at $1330.40 an ounce, compared with the opening level at $1340.75, while oil prices also declined to trade at $82.00 a...

NEW YORK (Reuters) - DuPont, which makes chemicals, building materials and agricultural products, posted a higher-than-expected quarterly profit as sales rose in all six business units and across the globe. During the third quarter, the company earned $367 million, or 40 cents per share, compared with $409 million, or 45 cents per share, a year earlier. Analysts on average expected earnings of 34 cents per share, according to Thomson Reuters I/B/E/S. Revenue rose 14.8 percent to $7 billion. Analysts expected $6.72 billion. For 2010, DuPont now expects to earn $3.10 per share, excluding items, up from a previous estimate of $2.90 to $3.05. Analysts were expecting $3.04.

BYD Co. which is a Chinese manufacturer of automobiles and it is the largest supplier of rechargeable batteries and has the second largest market share for cell-phone shells in the globe, reported that the company's earnings for the third quarter of the year, dropped by 99% as the company's sales declined in the world's largest auto market.  On the other hand, the company released today its statement, showed its net income for the three months ended September 30, declined to reach 11.34 million Yuan ($1.7 million), which compared with a previous earnings 1.16 billion Yuan a year earlier. 

Japan's merchandise trade surplus widened to 687.0 billion yen during September, compared with the previous reading of 103.2 billion yen in August, which revised to 86 billion yen; nonetheless, median estimates were for a stronger rise in the balance at 710 billion yen.  Japan's adjusted merchandise trade balance inclined to 587.6 billion yen in September, compared with the prior reading 589.7 billion yen during August that revised to 570.2 billion yen, beating expectations for 495.5 billion yen. Furthermore, the Japan's merchandise trade exports rose 14.4% in the year ending September, compared with the previous 15.3%, below the expected 23.5. Also the Japan's imports (YoY) came at 9.9% in September compared with a prior reading of 17.9%, and still above the expected 7.4%.  

NEW YORK (Reuters) - Mall owner General Growth Properties Inc <GGP.N>, which was cleared on Thursday to exit bankruptcy, is negotiating to hire Vornado Realty Trust <VNO.N> executive Sandeep Mathrani to be its next chief executive, the Wall Street Journal reported, citing people familiar with the matter. A board committee overseeing the search has focused on Mathrani as its prime candidate after a six-week search but talks with him could yet hit an impasse, the Journal reported, citing those people. General Growth, the No. 2 U.S. mall operator owner after Simon Property Group <SPG.N>, is expected to emerge from bankruptcy around November 8. (Reporting by Phil Wahba; Editing by Richard Chang)