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Monday, February 6, 2012

Business Today: Stock futures dip on worries over Greece

Reuters
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02/6/2012
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LATEST NEWS
Stock futures dip on worries over Greece
NEW YORK (Reuters) - Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package. | Full Article
Merkel presses Greece as another bailout deadline slips
February 06, 2012 08:31 AM ET
ATHENS/PARIS (Reuters) - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders. | Full Article
China growth could halve if Europe crisis worsens: IMF
February 06, 2012 08:33 AM ET
BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said. | Full Article
Insight: Two firms flourish in frenzied MF Global aftermath
February 06, 2012 01:15 AM ET
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business. | Full Article
GM aims for 10 percent profit margin over next few years: report
February 06, 2012 04:04 AM ET
(Reuters) - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview. | Full Article
US TOP NEWS
Gingrich vows to take fight to "timid" Romney
February 06, 2012 07:16 AM ET
LAS VEGAS (Reuters) - Republican Newt Gingrich vowed on Sunday to press ahead with his struggling presidential bid after a big loss in Nevada, saying he will focus on drawing a contrast with "timid" rival Mitt Romney. | Full Article
Syrian forces bombard rebel city of Homs: activists
February 06, 2012 07:53 AM ET
BEIRUT (Reuters) - Syrian forces bombarded Homs on Monday, killing 50 people in a sustained assault on several districts of the city which has become a centre of armed opposition to President Bashar al-Assad, the Syrian National Council opposition group said. | Full Article
Analysis: Euro zone strugglers lack innovative knack
February 06, 2012 04:21 AM ET
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010. | Full Article
Euro, shares fall as Greece enters critical period
February 06, 2012 08:01 AM ET
LONDON (Reuters) - The euro and European shares fell on Monday as fears grew that Greece would not accept the painful terms of a new bailout deal needed to avoid a potential sovereign debt default, taking the shine off a brighter global economic outlook. | Full Article
Glencore, Xstrata hammer out premium as deal nears
February 06, 2012 06:47 AM ET
LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading giant to secure approval from the miner's shareholders. | Full Article
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