ITT (ITT) says its 2011 earnings could rise 7% to 12% over the profit it's expecting for the current year. It forecast 2011 profit of $4.62 to $4.82 per share. That compares with an earnings forecast of $4.28 to $4.32 per share for 2010. The company said it expects 2010 revenue of about $11 billion and that it expects it to grow 3% to 5% in 2011. ITT is trading up 88 cents, or 1.73%, at a price of $51.75.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up