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Tuesday, January 8, 2013

Business Today: Stock futures flat as earnings season begins

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01/8/2013
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 flat as earnings season begins
NEW YORK (Reuters) - Stock index futures were little changed in low volume on Tuesday before the unofficial start of the earnings season, which is expected to show sluggish corporate growth.
AIG may join bailout suit against U.S. government
(Reuters) - American International Group Inc, the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were unfair.
Japan cabinet plays down Fed-style job mandate for BOJ
TOKYO (Reuters) - Key Japanese policymakers played down the prospect of making the Bank of Japan responsible for stable employment like the U.S. Federal Reserve, but said a 2 percent inflation target will be at the heart of a new policy accord with the central bank.
Small business morale heals, but labor market view downbeat
WASHINGTON (Reuters) - Small business sentiment clawed back from a 2-1/2 year-low in December, but owners' assessment of the labor market remained downbeat, a survey showed on Tuesday.
Bank of America, other banks move closer to ending mortgage mess
CHARLOTTE/WASHINGTON (Reuters) - Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.
Wealth gap, debt top risks ahead of Davos
LONDON (Reuters) - Fragile economies and extreme weather have combined to crank up the global risk dial in the past year, creating an increasingly dangerous mix, according to the World Economic Forum.
Chinese concerns over eurozone persist: French Finance Minister
BEIJING (Reuters) - Chinese officials remain worried about the state of the euro, the visiting French finance minister said on Tuesday, while repeating assurances the euro zone has stabilized and that France is on track for recovery.
Supreme Court to weigh in on SEC powers in Gabelli case
WASHINGTON (Reuters) - The U.S. Supreme Court will on Tuesday join the legal battle over how much leeway the government should have to conduct investigations and impose civil penalties.
Exclusive: UAE's Aldar, Sorouh reach initial merger deal - sources
DUBAI (Reuters) - Abu Dhabi's two biggest real estate developers have reached an initial agreement to merge via a share swap, with a final deal expected to be signed in the coming weeks, sources familiar with the matter told Reuters.
Businesses hopeful in euro zone, but joblessness rises
BRUSSELS (Reuters) - Business morale in the euro zone improved again in December, but unemployment hit a new record and households held back from spending before Christmas, suggesting the bloc's emergence from recession will be slow.
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