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Tuesday, December 11, 2012

Business Today: Stock futures rise after German data; Fed eyed

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12/11/2012
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 rise after German data; Fed eyed
NEW YORK (Reuters) - Stock futures were higher on Tuesday after unexpectedly cheery data out of Europe and as the Federal Reserve was set to kick off its two-day policy meeting.
U.S. Treasury exits AIG with bailout profit of $22.7 billion
(Reuters) - American International Group Inc said the U.S. Treasury will sell its last remaining stake in the company, giving a total profit to taxpayers of $22.7 billion on the bailout.
Delta buys 49 percent Virgin Atlantic stake for $360 million
LONDON (Reuters) - U.S. carrier Delta Air Lines said it had bought Singapore Airlines' 49 percent stake in Britain's Virgin Atlantic for $360 million and agreed a transatlantic joint venture with Virgin.
HSBC to pay record $1.9 billion U.S. fine in money laundering case
(Reuters) - HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash.
Dollar General's higher profit tops expectations
(Reuters) - Dollar General Corp on Tuesday posted a bigger-than-expected increase in profit and said it remained cautious about the rest of the year despite an encouraging start to the holiday season.
UK anti-fraud agency arrests three in Libor probe
LONDON (Reuters) - Britain's Serious Fraud Office (SFO) and London police have made the first arrests as part of a global investigation into the manipulation of interbank lending rates, a scandal that has rocked the banking industry.
Diageo ends talks over tequila brand Cuervo
LONDON (Reuters) - Diageo , the world's biggest spirits maker, has pulled out of talks to buy a stake in top-selling tequila brand Jose Cuervo in a surprise move that could slow its race into fast-growing emerging markets.
"Fiscal cliff" outcome still uncertain; talks continue
WASHINGTON (Reuters) - As the pace of talks quickened to avert the "fiscal cliff" of steep tax hikes and spending cuts set for the end of the year, senior members of the U.S. House of Representatives of both parties cautioned that an agreement on all the outstanding issues remained uncertain.
Greek banks seen topping up bids to meet buyback target
ATHENS (Reuters) - Greek banks are expected to have tendered most or all of their Greek sovereign debt by Tuesday's deadline, bankers said, suggesting Athens has hit targets under the bond buyback scheme needed to cut debt and unlock aid.
Exclusive: After fire, Wal-Mart vows to tighten source safeguards
(Reuters) - A factory fire that killed more than 100 garment workers in Bangladesh has led the world's largest retailer, Wal-Mart Stores Inc, to concede that it needs to do more to control its supply chain and keep unauthorized manufacturers out.
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