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Monday, August 6, 2012

Business Today: Stock index futures edge up on euro zone hopes

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08/6/2012
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
Stock index futures edge up on euro zone hopes
NEW YORK (Reuters) - Stock index futures edged higher on Monday as international creditors made progress following a visit to Greece, adding to last week's plans from the European Central Bank to lower borrowing costs in Spain and Italy.
Knight Capital says gets $400 million rescue
(Reuters) - A group of investors will rescue embattled market maker Knight Capital Group Inc in a $400 million deal that keeps the company in business, Knight said on Monday, but comes at a huge cost to investors.
Spyker sues GM for $3 billion in U.S. court over Saab bankruptcy
AMSTERDAM (Reuters) - Dutch company Spyker said on Monday it had filed a $3 billion complaint against General Motors in a U.S. district court on behalf of its subsidiary Saab Automobile which was declared bankrupt in December 2011.
Best Buy founder offers $24-$26 per share for company
(Reuters) - Best Buy Co Inc founder and former Chairman Richard Schulze on Monday offered to buy the shares he does not already own in the electronics retailer for $24 to $26 each.
Analysis: Euro zone action inches forward in game of chicken
The euro zone is inching towards a new plan to tackle its debt crisis in a three-dimensional game of chicken among all the main players.
Apple and Samsung take Australian legal battle to the "hot tub"
SYDNEY (Reuters) - Apple Inc and Samsung Electronics Co Ltd are embroiled in a high-stakes patent battle in several countries around the world, but only in Australia are they also engaged in "hot tubbing."
Don't let euro zone debate turn nasty: German foreign min
BERLIN (Reuters) - German Foreign Minister Guido Westerwelle on Monday warned politicians to rein in the language they use about the euro zone debt crisis after a weekend of ugly exchanges in the German press over Italy and Greece.
Cognizant profit beats, raises full-year profit forecast
(Reuters) - Cognizant Technology Solutions Corp reported a better-than-expected quarterly profit on increased demand for its outsourcing services, and the information technology services provider raised its full-year adjusted profit forecast.
Finland risks recession, says finance minister
HELSINKI (Reuters) - Finland could slip back into recession next year if the global economic slowdown persists, the country's finance minister said, sharply undercutting a June forecast for growth of 1.2 percent.
Portugal banks' ECB borrowing down 6 percent in July
LISBON (Reuters) - Portuguese banks' borrowing from the European Central Bank (ECB)fell 6 percent in July after hitting a record high in the previous month as lenders in the bailed-out nation strove to reduce their dependency on ECB funds.
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