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Tuesday, February 7, 2012

Business Today: Futures fall with eyes on Greece talks

Reuters
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02/7/2012
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LATEST NEWS
Futures fall with eyes on Greece talks
NEW YORK (Reuters) - Stock index futures fell on Tuesday, indicating equities may fall for a second straight session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to bear fruit. | Full Article
Glencore-Xstrata deal meets shareholder opposition
February 07, 2012 07:58 AM ET
LONDON (Reuters) - At least two top 10 shareholders in miner Xstrata said Tuesday they would vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading. | Full Article
Greek leaders face crunch talks as unions strike
February 07, 2012 08:21 AM ET
ATHENS (Reuters) - Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity. | Full Article
Coca-Cola beats Street, eyes cost savings
February 07, 2012 08:28 AM ET
NEW YORK (Reuters) - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday, helping to send shares in the world's top soft-drink maker up 1.3 percent in premarket trading. | Full Article
Fidelity money fund clients react negatively to SEC proposals
February 07, 2012 08:14 AM ET
BOSTON (Reuters) - Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some of their assets out of the investments if the net asset value of the funds was allowed to fluctuate. | Full Article
US TOP NEWS
Santorum aims for a victory in Republican contests
February 07, 2012 02:03 AM ET
DENVER (Reuters) - Republican candidate Rick Santorum is gunning for a victory in at least one of the three states holding presidential nominating contests on Tuesday in an attempt to slow down front-runner Mitt Romney and revive his fading White House hopes. | Full Article
Iran shrugs off latest U.S. sanctions, trade suffers
February 07, 2012 08:20 AM ET
TEHRAN (Reuters) - Iran castigated its U.S. adversary on Tuesday over new financial measures to disrupt Iranian commerce, and a default on payment for rice purchases highlighted the encroachment of sanctions on the staples of everyday life. | Full Article
Syrian forces bombard Homs, Lavrov arrives for talks
February 07, 2012 07:17 AM ET
AMMAN (Reuters) - Syrian forces renewed their bombardment of Homs on Tuesday as Russian Foreign Minister Sergei Lavrov arrived in Damascus for talks aimed at pressing President Bashar al-Assad to end a bloody crackdown on a popular revolt and carry out reforms. | Full Article
U.S. authorities looking into Murdoch foreign payments
February 07, 2012 08:34 AM ET
LONDON (Reuters) - U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch's media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources said. | Full Article
Toyota raises annual profit forecast, eyes recovery
February 07, 2012 06:54 AM ET
TOKYO (Reuters) - Toyota Motor Corp raised its full-year profit forecast by more than a third as it cuts costs, trims spending and expects Japanese government schemes to boost sales, though the guidance was still some way below analysts' expectations. | Full Article
HEALTH NEWS
Walmart to label healthier food as "Great For You"
"Malaria cure" claim sparks Vienna probe
Diet supplements recalled on unlabeled drug worries
FDA staff unsure about new use for Amgen's Xgeva
Ovarian cancer screening popular despite guidelines
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