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Monday, October 22, 2012

Business Today: Stock futures edge up after Friday's sell-off

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10/22/2012
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 futures edge up after Friday's sell-off
NEW YORK (Reuters) - Stock index futures rose slightly on Monday, indicating the S&P 500 may recover after the worst one-day decline since late June as investors looked for direction from the latest earnings and company outlooks.
Rosneft to buy TNK-BP in two-step deal
LONDON/MOSCOW (Reuters) - State-controlled Russian oil company Rosneft has struck a two-part deal worth about $55 billion to buy privately-owned TNK-BP and make British oil company BP a near-20 percent Rosneft shareholder with two seats on the board.
Caterpillar cuts outlook, sees global economy weakening
(Reuters) - Caterpillar Inc, the world's largest maker of tractors and excavators, slashed its 2012 forecast for the second time this year as it warned the global economy was slowing faster than it had expected.
Nissan recalls new Altima in U.S. on loose steering bolts
(Reuters) - Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have been tightened properly during production could fall off, increasing the risk of a crash, according to U.S. safety regulators.
Petronas rejection may hurt Canadian stocks
CALGARY/TORONTO (Reuters) - Canadian markets could face a bloody opening on Monday after the government blocked the C$5.17 billion ($5.22 billion) acquisition of Progress Energy Resources Corp by Malaysian state oil company Petronas, raising questions about other, bigger bids and about Canada's willingness to let foreign investors in.
Ford summons Genk unions, fuelling closure fears
BRUSSELS/PARIS (Reuters) - Ford called an emergency meeting with unions at its assembly plant in Genk, Belgium, amid mounting expectations that the U.S. automaker is preparing to close the factory.
The rich bail out of changing hedge fund industry
LONDON (Reuters) - Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave.
Airbus may hike A350-1000 output in "mini-jumbo" battle
PARIS (Reuters) - Airbus is looking at increasing planned production for the largest member of its A350 family to power its next important struggle with Boeing for a lucrative corner of the jet market, two people familiar with the matter said.
Euro zone cut fiscal deficit in 2011, debt up
BRUSSELS (Reuters) - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday.
Energy giants look to longer term at Kazakh field
KASHAGAN OILFIELD, Kazakhstan (Reuters) - It has taken $46 billion over 12 years to bring Kashagan, the biggest world oilfield discovery since 1968, to the brink of production.
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