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Tuesday, April 3, 2012

Business Today: Stock futures down after S&P hits 4-year high; FOMC eyed

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04/3/2012
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Stock futures down after S&P hits 4-year high; FOMC eyed
NEW YORK (Reuters) - Stock index futures fell on Tuesday after the S&P 500 climbed to a 4-year high in the previous session as investors awaited factory orders data and minutes of the latest Federal Reserve meeting.
Top JP Morgan banker resigns to fight abuse fine
LONDON (Reuters) - One of London's most prominent bankers was fined 450,000 pounds ($720,000) on Tuesday for passing on inside information in a case that will embarrass his employer JP Morgan Cazenove and which marks a new resolve by authorities to target high-profile figures.
Molson Coors to buy StarBev for $3.5 billion
(Reuters) - North American brewer Molson Coors beat close rival Asahi on Tuesday to buy east European brewer StarBev from CVC Capital Partners for 2.65 billion euros ($3.5 billion) in what analysts said was a high-priced deal.
Chrysler sales up 34 percent
(Reuters) - Chrysler Group LLC reported a 34 percent increase in March auto sales, the first major automaker to report sales for a month expected to show signs of a robust recovery for the U.S. auto industry.
Small business lending barely grew in February
WASHINGTON (Reuters) - Lending to small business in the United States barely grew in February, supporting the view that economic growth was lackluster at the start of the year.
UK must sell RBS, Lloyds soon: taxpayer lobby
LONDON (Reuters) - Britain must sell its Royal Bank of Scotland and Lloyds stakes as soon as possible because keeping them is allowing politicians to gamble with people's money on bank shares, according to a lobby group representing taxpayers.
EU probes Motorola after Microsoft, Apple complaints
BRUSSELS (Reuters) - EU regulators are investigating whether phone maker Motorola Mobility breached antitrust rules by allegedly over-charging Microsoft and Apple for use of its patents in their products, the European Commission said on Tuesday.
Arrested Hong Kong billionaires say did "nothing wrong"
HONG KONG (Reuters) - Hong Kong's billionaire Kwok brothers, whose arrest last week on suspicion of corruption has gripped the financial hub, said on Tuesday they had done nothing wrong and insisted it was business as usual at the family conglomerate they jointly run.
Starbucks' job creation fund finds first partners
LOS ANGELES (Reuters) - Google Offers and Banana Republic are the first businesses to join Starbucks Corp in raising money for a U.S. job creation fund started by the world's biggest coffee chain late last year.
Spain's debt on track for highest in 22 years
MADRID (Reuters) - Spain's debt levels will jump to their highest since at least 1990 this year as the economy sinks into recession and borrowing costs rise.
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