Business Today: Stock futures down after East Asia outlook cut by World Bank

		Click to View in Browser 10/8/2012 Stock futures down after East Asia outlook cut by World Bank NEW YORK (Reuters) - U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season. China's Huawei, ZTE should be banned: draft House panel report WASHINGTON/HONG KONG (Reuters) - China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday. UnitedHealth to buy most of Brazil's Amil for $4.9 billion NEW YORK (Reuters) - UnitedHealth Group Inc said it would buy a 90 percent stake in Amil Participacoes SA , Brazil's largest health insurer and hospital operator, for $4.9 billion, tapping into a fast-growing private healthcare market as challenges mount for its U.S. business. IMF's Lipton calls on U.S. to address fiscal cliff TOKYO (Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday. Wal-Mart, Amex launch Bluebird bank account alternative (Reuters) - Wal-Mart Stores Inc and American Express Co are teaming up to offer customers an alternative to debit and checking accounts, the companies said on Monday. UBS's revamp efforts hampered by internal strife: sources ZURICH (Reuters) - Rifts among top UBS managers are hampering Chief Executive Sergio Ermotti's efforts to make big cutbacks, especially in investment banking, according to senior sources both inside and close to the bank. Single euro zone budget gains momentum ahead of summit BRUSSELS (Reuters) - Debate about the idea of creating a separate budget for euro zone countries is intensifying in the run-up to an EU summit later this month, with less opposition to the proposal than many officials first expected, diplomats say. European governments in race to save EADS-BAE merger PARIS (Reuters) - Britain, France and Germany pushed on with talks on Monday aiming to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS and BAE Systems. Exclusive: Cisco cuts ties to China's ZTE after Iran probe LONDON (Reuters) - Cisco Systems Inc. has ended a longstanding sales partnership with ZTE Corp after an internal investigation into allegations that the Chinese telecommunications equipment maker sold Cisco networking gear to Iran. IMF vote reform bogged down by delays, deadlock TOKYO (Reuters) - The politics of mathematics has deadlocked IMF discussions on shifting voting power to emerging economies such as China, as European countries dig in their heels over changes to a little-known formula with big implications. Related Video "Magic" carpet, a hi-tech safety net for elderly care Market Pulse: No downturn for gold Economic News U.S. jobless rate tumbles to near four-year low U.S. deficit ends fourth fiscal year above $1 trillion: CBO A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend