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Friday, February 10, 2012

Business Today: Futures lower on setback in Greek bailout talks

Reuters
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02/10/2012
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Futures lower on setback in Greek bailout talks
NEW YORK (Reuters) - Stock index futures fell on Friday as the latest setback in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak. | Full Article
Greeks strike against IMF/EU austerity before crucial vote
February 10, 2012 08:10 AM ET
ATHENS (Reuters) - Striking Greek workers denounced a new wave of austerity on Friday as a demand too far by the IMF and EU, but Finance Minister Evangelos Venizelos told the nation it had to decide within days whether to take the pain and stay in the euro or not. | Full Article
Exclusive: Eyeing Yahoo deal, Alibaba may take HK unit private
February 10, 2012 06:18 AM ET
HONG KONG (Reuters) - Chinese e-commerce group Alibaba plans to take private its Hong Kong-listed unit, two sources familiar with the matter said, as part of a complex deal that would strengthen founder Jack Ma's control and give key stakeholder Yahoo cash and a direct stake in one of Alibaba's operating businesses. | Full Article
NYSE Euronext eyes new sectors for growth
February 10, 2012 07:02 AM ET
LONDON (Reuters) - NYSE Euronext signaled it would shift focus to faster-growing areas like supplying computer systems and information from trading, as the U.S. exchange looks to an independent future following the collapse of a takeover by Deutsche Boerse. | Full Article
December trade gap widens
February 10, 2012 08:33 AM ET
WASHINGTON (Reuters) - The trade deficit widened slightly more than expected in December, and the bilateral trade deficit with China last year soared to a record high $295.5 billion. | Full Article
US TOP NEWS
Bomb blasts bring death to Syria's Aleppo
February 10, 2012 08:08 AM ET
AMMAN/BEIRUT (Reuters) - Twin bomb blasts hit Syrian military and security buildings in the northern city of Aleppo on Friday, killing 25 people in the worst violence to hit the country's commercial hub in the 11-month uprising against President Bashar al-Assad. | Full Article
U.S. banks agree to $25 billion in homeowner help
February 09, 2012 08:38 PM ET
WASHINGTON (Reuters) - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. | Full Article
Iran sanctions already hitting oil trade flows: IEA
February 10, 2012 07:50 AM ET
LONDON (Reuters) - Sanctions on Iran are already hitting global oil flows even though a European ban on imports from the Islamic Republic does not come into effect until July, the International Energy Agency (IEA) says. | Full Article
Rep. Bachus faces insider trading probe: report
February 10, 2012 08:34 AM ET
WASHINGTON (Reuters) - The chairman of the House Financial Services Committee, Spencer Bachus, who oversees the U.S. banking and financial services industries, is under investigation for possible violation of insider trading laws, The Washington Post reported on Thursday. | Full Article
Loose-talking Santorum donor Friess to make star turn in DC
February 10, 2012 02:24 AM ET
WASHINGTON (Reuters) - Foster Friess, the wealthy investor who is fueling Rick Santorum's presidential campaign, is enjoying his new-found fame. | Full Article
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