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Monday, June 18, 2012

Business Today: Futures fade as enthusiasm over Greek vote wanes

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06/18/2012
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Futures fade as enthusiasm over Greek vote wanes
NEW YORK (Reuters) - Stock futures slipped on Monday as initial enthusiasm for a victory for pro-bailout parties in Greek elections was overshadowed by rising Spanish and Italian bond yields.
Relieved Europe hints at more time for Greece
BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.
Yahoo hires former Google director to lead ad revenue
SAN FRANCISCO (Reuters) - Yahoo Inc has hired former Google director and media veteran Michael Barrett to help lead its efforts to reemerge as an entertainment and information destination that wins advertising revenue.
Oil prices slide as Greece optimism fades
LONDON (Reuters) - Oil prices fell towards $96 a barrel on Monday, erasing early gains after a pro-bailout vote in Greece failed to ease concerns about the euro zone while analysts said oversupplied crude markets would cope with any loss of Iranian oil.
Nomura excluded from $6 billion Japan Tobacco share sale
TOKYO (Reuters) - Japan has excluded Nomura Holdings from working on the government's sale of roughly $6 billion worth of Japan Tobacco shares, in a blow to Japan's largest broker as it grapples with an insider trading scandal.
Microsoft nears deal to buy Yammer: source
(Reuters) - Microsoft Corp is close to buying business software company Yammer Inc for more than $1 billion, according to a source familiar with the details.
G20 to press Europe for lasting fix for debt crisis
LOS CABOS, Mexico (Reuters) - World leaders, relieved that pro-bailout parties won a narrow election victory in Greece, will pile pressure on Europe at the G20 summit on Monday to outline a lasting strategy to save the euro currency and end financial turmoil.
India stuns, keeps rates steady as growth crumbles
MUMBAI (Reuters) - India's central bank defied widespread calls on Monday to revive the flagging economy with cuts in interest rates and cash reserve minimums at banks, putting the onus on a fractious coalition government to pull the country out of crisis.
Oaktree ends talks over standstill pact with Jakks
(Reuters) - Private equity firm Oaktree Capital Management LP terminated talks over a standstill pact with toymaker Jakks Pacific Inc after failing to agree on terms.
Tesco pays Aeon to rid itself of Japan business
TOKYO/LONDON (Reuters) - Tesco , the world's No.3 retailer, has ended a nine-year attempt to crack Japan's tough retail market by effectively paying Aeon Corp , the country's No.2 general retailer, to take its loss-making business there off its hands.
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