Quick Overview

• Microsoft (MSFT) posted Q4 income of $6.62 billion, or 78 cents a share - beating the 76-cent average estimate.

• Citrus-greening disease is threatening OJ crops in Texas.

• The National Association of Realtors said December RE sales rose 5% to 4.61 million. For all of 2011, sales rose 1.7% to 4.26 million - compared to the 2005 peak of 7.08 million. YoY The Median sales prices in December fell 2.5% to $164,500. Inventories fell 9.2% to 2.38 million, which represents 6.2 months of supply.

• Vodafone (VOD) won its long-running battle with India's tax office over a $2.5bn.

• Rains in Argentina this weekend appear a complete flop for prime production areas.
• Reports have Rio Grande do Sul losing 60% of summer crops. Producers who harvested 162 bpa corn, now appear to be getting 76 bpa.

• Britain's economy is in the grip of its first double-dip recession for 35 years, City forecasters believe.