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Tuesday, March 20, 2012

Business Today: Stock futures drop after S&P nears record high

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03/20/2012
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Stock futures drop after S&P nears record high
NEW YORK (Reuters) - Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.
Housing starts dip; permits near 3-1/2 year high
WASHINGTON (Reuters) - Housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.
Amazon.com to buy Kiva Systems for $775 million
(Reuters) - Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company's giant network of warehouses.
World focus shifting from value of China yuan: OECD
BEIJING (Reuters) - Critics of China's foreign exchange regime have shifted their focus from the value of the yuan to the mechanism in which its day-to-day level is set, the head of the OECD said on Tuesday, a fresh sign that currency may be near its equilibrium level.
Greece receives first tranche of new bailout aid
ATHENS (Reuters) - Greece has received the first 7.5 billion euros of aid from its new EU/IMF bailout, with the bulk of the payment going to repay bonds held by the euro zone's central banks, government officials said on Tuesday.
Analysis: Swiss banks still draw rich despite secrecy blows
ZURICH (Reuters) - Swiss bankers are on the defensive with their secretive industry under sustained attack for sheltering tax dodgers. Some cannot travel abroad for fear of arrest in tax investigations.
Exclusive: India to urge airlines to opt out of EU carbon scheme
NEW DELHI (Reuters) - India will urge its airlines not to take part in the European Union Emissions Trading Scheme (ETS), a senior official said, the latest salvo in an escalating row over an EU law requiring all flights in and out of Europe to pay for their emissions.
RBS shutting down some Asian units, 70 people hit
HONG KONG/SINGAPORE (Reuters) - Royal Bank of Scotland Plc is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Korea and Singapore in the latest move to cut the size of its struggling investment bank.
Tiffany gives upbeat 2012 forecast
(Reuters) - Tiffany & Co forecast higher sales for 2012, helped by further expansion in Asia and the Americas, and the high-end jeweler said that after a bumpy holiday season, business so far this year was on track with its projections.
Sun Hung Kai executive arrested over suspected bribery
HONG KONG (Reuters) - A senior executive at Sun Hung Kai Properties Ltd , Asia's largest property developer by market value, has been arrested by Hong Kong's anti-graft body over suspected bribery, in a rare case for a major property company in the city.
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