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Monday, February 27, 2012

Business Today: Stock futures slip from 4-year highs

Reuters » Election_newsletter_nov11 » V2
02/27/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures slip from 4-year highs
NEW YORK (Reuters) - Stock index futures fell Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
G20 to Europe: Show us the money
MEXICO CITY (Reuters) - Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.
Like Home Depot, Lowe's gains from warm winter
(Reuters) - Lowe's Cos , the world's second-largest home improvement chain, reported higher-than-expected quarterly sales as a warm winter prompted many homeowners to take up renovation projects that they normally save for the spring.
HSBC shows cost of emerging market success
LONDON (Reuters) - HSBC Holdings , Europe's biggest bank, said paying rising wages in Brazil, China and other emerging market is the price of avoiding the slowdown being felt by most of its rivals as it posted the largest 2011 profit by a western bank.
Buffett: My successor is in the dark too
(Reuters) - Warren Buffett resisted pressure on Monday to identify his successor as chief executive officer of Berkshire Hathaway, saying the person who has been chosen does not even know it himself.
Olympus risks foreign backlash with new board line-up
TOKYO (Reuters) - Japan's Olympus Corp proposed a new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
BP oil spill trial delayed for settlement talks
LONDON/NEW ORLEANS (Reuters) - The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.
Nokia unveils cheaper Windows smartphone
BARCELONA (Reuters) - Finnish mobile phone maker Nokia unveiled a cheaper smartphone using Microsoft's Windows Phone software on Monday, aiming to win back market share by targeting a wider audience.
Exxon breaks silence over Kurdistan oil talks
LONDON (Reuters) - Exxon Mobil has disclosed its plans to explore for oil in Iraq's Kurdistan in the company's annual report, breaking months of silence over the investment that has outraged Baghdad.
More U.S. customers changed banks last year: survey
(Reuters) - Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the quality of service, market research firm J.D. Power and Associates said on Monday.
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