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Tuesday, June 12, 2012

Business Today: Futures gaining, pointing to trading rebound

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06/12/2012
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
Futures gaining, pointing to trading rebound
NEW YORK (Reuters) - Stock futures rose on Tuesday, indicating stocks would open higher after a late sell-off in the previous session, as investors continued to digest a bailout plan for Spanish banks.
Weak oil, food prices dampen U.S. imported inflation
WASHINGTON (Reuters) - U.S. import prices recorded their largest decline in nearly two years in May as energy and food costs fell, government data showed on Tuesday, pointing to muted inflation pressures.
Aging Microsoft lures young tech idealists
SEATTLE (Reuters) - The young interns, some of the nation's best and brightest in technology, business and design, had plenty of enthusiastic words to describe their summer employer.
Facebook consultant argues that website's ads work
SAN FRANCISCO (Reuters) - Marketing on Facebook influences consumer behavior and leads to increased purchases for the brands that leverage the social-networking site, consulting company comScore said in a report released Tuesday.
Austrian minister says Italy too may need bailout
VIENNA/ROME (Reuters) - Raising the stakes in Europe's debt crisis, Austria's finance minister said Italy may need a financial rescue because of its high borrowing costs, drawing a furious rebuke on Tuesday from the Italian prime minister.
How the SEC could pursue a case against JPMorgan
WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase's failure to timely disclose a major change in how it measured risk could become the centerpiece for an enforcement action by U.S. securities regulators as they probe the bank in connection with its multibillion dollar trading loss.
UAE shakes up share ownership rules
DUBAI (Reuters) - Stock ownership rules in the United Arab Emirates have been overhauled to boost transparency in the Gulf Arab state's two stock markets and lead to better disclosure during takeovers.
London Stock Exchange rejigs management, former Nasdaq CFO joins
LONDON (Reuters) - The London Stock Exchange Group shook up its senior management team on Tuesday, including appointing a new chief financial officer, as it moves to diversify beyond its core share trading business into data, technology and clearing.
Starbucks brews a few U.S. factory jobs
LOS ANGELES (Reuters) - Starbucks Corp on Tuesday will debut the first products in a line of U.S.-made mugs and other merchandise that will be sold in its roughly 7,000 U.S. cafes to support domestic manufacturing and raise money for its Create Jobs for USA fund.
India output growth flat, adds to BRIC straggler's gloom
NEW DELHI (Reuters) - India's industrial output growth flatlined in April, piling pressure on policymakers to cut rates and revive the economic fortunes of the BRIC nation that Standard & Poor's warned could be downgraded to junk status because of political inaction.
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