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Tuesday, March 27, 2012

Business Today: Stock futures little changed after 1 percent rally

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03/27/2012
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Stock futures little changed after 1 percent rally
NEW YORK (Reuters) - Stock index futures were flat on Monday as investors found little reason to keep pushing shares higher after a 1 percent rally in the previous session.
Apple CEO in China mission to clear up problems
HONG KONG/BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook has jetted into China for talks with government officials as he seeks to clear up a pile of problems in the firm's biggest growth market, from its contested iPad trademark to treatment of local labour.
Analysis: Dow court case pushes limit of R&D tax credit
WASHINGTON/NEW YORK (Reuters) - Dow Chemical Co is challenging the U.S. Internal Revenue Service in a rare court case over expanding the research and development tax credit to cover the costs of supplies used to improve the ways existing products are made.
Abu Dhabi royals involved in RBS talks: sources
ABU DHABI/DUBAI (Reuters) - Talks to sell a stake in Britain's state-owned Royal Bank of Scotland are being held at the level of the Abu Dhabi ruling family, sources told Reuters on Tuesday.
Enbridge, Enterprise to double Seaway pipeline capacity
(Reuters) - Enbridge Inc and Enterprise Products Partners LP will more than double the capacity of the Seaway Pipeline, easing a major oil glut in the United States that has led to an unprecedented distortion in crude markets.
Bernanke says U.S. needs faster growth
WASHINGTON (Reuters) - The U.S. economy needs to grow more quickly to bring the unemployment rate down further, Federal Reserve Chairman Ben Bernanke said on Monday, defending the central bank's policy of very low interest rates.
Xstrata wins approval for Australia's biggest coal mine
PERTH (Reuters) - An Australian court ruled in favor of global miner Xstrata on Tuesday in a case which sought to halt the company's plans to build the country's largest coal mine on the grounds that it would contribute to climate change.
Euro crisis needs "mother of all firewalls": OECD
BRUSSELS (Reuters) - Euro zone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week, the head of the OECD said on Tuesday, advocating "the mother of all firewalls".
Lennar posts sharp rise in Q1 orders
(Reuters) - U.S. homebuilder Lennar Corp reported its sharpest rise in orders in three quarters and said it was seeing strong signs of improvement in sales activity.
Australian coal workers to strike at BHP Bowen Basin mines
PERTH (Reuters) - Workers at BHP Billiton's seven Bowen Basin coal mines in Australia will go on strike beginning Tuesday night following unproductive negotiations over work conditions with the company, the workers' union said.
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