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Tuesday, October 2, 2012

Business Today: Stock futures tick higher on Spanish bailout hopes

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10/2/2012
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 tick higher on Spanish bailout hopes
NEW YORK (Reuters) - U.S. stock index futures rose in low volume on Tuesday on expectations the Spanish government will soon request a bailout, a step some see as necessary to alleviate the euro zone's debt crisis.
Home prices rise in August: CoreLogic
NEW YORK (Reuters) - Home prices rose in August as the housing market continued to gain traction, but recent gains could start to wane as the summer comes to an end, data analysis firm CoreLogic said on Tuesday.
Chrysler says September sales best since 2007
(Reuters) - Chrysler Group LLC said Tuesday that September sales were 142,041 vehicles, up 12 percent from 127,336 a year earlier, and the highest for the month since 2007.
Greece pushes for austerity deal as time runs short
ATHENS (Reuters) - Greece held a new round of talks with foreign lenders to bridge differences over 2 billion euros of disputed austerity cuts on Tuesday, with time running short to clinch a deal before a key meeting of euro zone ministers next week.
EXCLUSIVE-Spain ready for bailout, Germany signals "wait"-sources
MADRID (Reuters) - Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signaled that it should hold off, European officials said on Monday.
Volcker to appear before UK bank commission
LONDON (Reuters) - Paul Volcker, the former U.S. Federal Reserve chairman, will appear before British lawmakers investigating standards within the UK's banking industry later this month, the Parliamentary Commission on Banking Standards said on Tuesday.
EU advisers say high-risk, retail banking should be separated
BRUSSELS (Reuters) - Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.
Samsung allowed to sell Galaxy Tab in U.S. as court lifts ban
(Reuters) - A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States.
Proxy advisory firm ISS receives SEC Wells notice
(Reuters) - Investment analysis and market index company MSCI Inc said its proxy advisory unit, Institutional Shareholder Services, received a Wells Notice on September 14 related to a whistleblower complaint made against an employee of the unit.
Goldman, CS top global prime broker rankings: survey
LONDON (Reuters) - Goldman Sachs and Credit Suisse have emerged from the financial crisis as the biggest suppliers of brokerage services to the embattled hedge fund industry, a new study showed on Tuesday.
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