The Other Side of Life 24/7: Business Today: Futures flat after weak Japanese economic data

Monday, August 13, 2012

Business Today: Futures flat after weak Japanese economic data

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08/13/2012

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 flat after weak Japanese economic data

NEW YORK (Reuters) - Stock index futures were flat on Monday after a six-day winning streak for the S&P 500 as investors weighed expectations for more central bank stimulus after Japan showed economic weakness.

Tesoro to buy BP refinery, related assets for $2.5 billion

(Reuters) - Tesoro Corp said it would buy BP Plc's refinery in Carson, California, and related assets for about $2.5 billion.

GM recalls over 38,000 police Impalas in North America

(Reuters) - General Motors Co is recalling more than 38,000 Chevrolet Impala police cars in North America because the lower front control arms could fracture, increasing the risk of crash.

Oil hits $115, highest since May, on supply concern

LONDON (Reuters) - Oil hit $115 a barrel on Monday for the first time in more than three months as concern about supplies and hopes that governments will roll out more stimulus measures trumped signs of weakening fuel demand.

Julius Baer to buy Merrill Lynch private bank outside U.S

ZURICH (Reuters) - Swiss private bank Julius Baer is to buy Bank of America's non-U.S. Merrill Lynch wealth manager, paying 860 million Swiss francs ($882 million) for the loss-making business to boost its assets managed by 40 percent and backing the deal with plans to raise 1.19 billion Swiss francs ($1.22 billion) in new capital.

Total told to halt Kurdish deals or sell Halfaya stake

BAGHDAD (Reuters) - Iraqi authorities have warned France's Total that it must freeze its energy deal with Iraq's autonomous Kurdistan region or sell its stake in the Halfaya oilfield, a government official said on Monday.

Google to cut 4000 Motorola Mobility jobs, take $275 million charge

(Reuters) - Motorola Mobility, which was bought by Google Inc for $12.5 billion, will cut 20 percent of its workforce and shut nearly a third of its offices worldwide, Google said on Monday.

Senior Merkel ally sends stark warning to Greece

BERLIN (Reuters) - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout.

HSBC wins court bid to evict Occupy Hong Kong protesters

HONG KONG (Reuters) - HSBC won a legal bid on Monday to have members of the Occupy Hong Kong movement evicted from the open-air plaza beneath the bank's Asian headquarters, bringing an end to one of the longest-running Occupy demonstrations.

FedEx to offer voluntary buyout to some U.S. employees

(Reuters) - FedEx Corp said it will offer voluntary buyout incentives to certain U.S.-based employees to reduce costs as slow economic growth hurts shipping volumes and customers demand cheaper delivery options.