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Monday, February 25, 2013

Business Today: Stock futures point to higher open, Barnes & Noble rallies

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02/25/2013
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 point to higher open, Barnes & Noble rallies
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Monday, suggesting the equity rally was intact despite concerns that the Federal Reserve could curtail its stimulus for the economy sooner than many expected.
Sinopec to buy stake in Chesapeake assets for $1.02 billion
(Reuters) - China Petroleum & Chemical Corp (Sinopec) will buy half of Chesapeake Energy Corp's Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the booming North American shale gas industry.
BP to face day in court over Gulf of Mexico oil spill
NEW ORLEANS (Reuters) - Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are about to face their day in court.
Barnes & Noble chairman to bid for company's retail assets
(Reuters) - Barnes & Noble Inc Chairman Leonard Riggio has told the board he plans to buy the retail assets of the company including Barnes & Noble Booksellers Inc and barnesandnoble.com, but excluding the Nook Media business, sending the company's shares up as much as 26 percent before the bell on Monday.
Lowe's makeover bears fruit; Sandy helps sales
(Reuters) - Lowe's Cos Inc's quarterly results beat analysts' estimates on Monday as sales benefited from rebuilding after Hurricane Sandy and the retailer's own efforts to improve product selection and customer service.
Hertz forecasts strong 2013 as pricing improves
(Reuters) - Hertz Global Holdings Inc reported a quarterly loss due to costs related to its acquisition of Dollar Thrifty, but adjusted profit beat analysts' expectations and the car rental company forecast strong results for 2013 on higher pricing.
Spain's Caixabank to cut 3,000 jobs
MADRID (Reuters) - Spanish lender Caixabank said on Monday it would cut about 3,000 jobs to improve its efficiency after it made several acquisitions in the past three years.
GM doesn't see Opel talks stretching into March
BARCELONA (Reuters) - General Motors still believes it can strike a deal in the next few days with German labor unions over a restructuring of its loss-making European arm Opel, GM Vice Chairman Steve Girsky told Reuters on Monday.
Apple signals emerging-market rethink with India push
NEW DELHI/BANGALORE (Reuters) - As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival that has long had a minimal presence in the country.
IKEA says horse meatballs went on sale in several European countries
PRAGUE (Reuters) - A batch of meatballs pulled from shelves at IKEA's stores after Czech inspectors discovered they contained horsemeat had been on sale in several European countries, the company's Czech spokesman said on Monday.
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