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Monday, March 11, 2013

Business Today: Stock futures fall on China data, Italy downgrade

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03/11/2013
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Stock futures fall on China data, Italy downgrade
NEW YORK (Reuters) - Stock index futures edged lower on Monday following last week's rally to record highs for the Dow as a credit downgrade of Italy and disappointing data from China curbed investors' enthusiasm.
Analysis: S&P paper trail may lead nowhere in government case
NEW YORK (Reuters) - In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard & Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.
Yum China recovery remains rocky even as online anger calms
SHANGHAI (Reuters) - Chinese consumers' anger at KFC over a food safety scare has abated as the number of negative posts about the fast food chain owned by Yum Brands Inc on the country's most popular microblogging platform fell by two-thirds.
Goldman leads decline as Wall Street commodity revenues plummet
NEW YORK (Reuters) - Wall Street commodity revenues crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman Sachs Group Inc , JPMorgan Chase & Co and Morgan Stanley .
Icahn Enterprises enters into confidentiality pact with Dell
(Reuters) - Icahn Enterprises LP said it had entered into a confidentiality agreement with Dell Inc, and looked forward to commencing a review of the company.
China's ragtag shale army a long way from revolution
BEIJING (Reuters) - China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms awarded exploration rights in the latest auction lacked one core skill - not one has drilled a gas well before.
Banks saved, but Europe risks "losing a generation"
BRUSSELS (Reuters) - Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.
BOJ nominee vows swift action as orders data disappoints
TOKYO (Reuters) - The Japan government's choice to lead the country's central bank promised on Monday to move quickly to implement fresh monetary stimulus to lift the struggling economy, a case underlined by a surprisingly sharp drop in a gauge of capital investment.
Hostess creditor, PE firms show interest in Twinkies brand: NY Post
(Reuters) - Hostess Brands Inc creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, including Twinkies, the New York Post reported.
Mexico readies bill to shake up telecoms, TV industries
MEXICO CITY (Reuters) - Mexico's government is expected to present a bill on Monday that aims to loosen billionaire Carlos Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves, according to a draft copy of the document.
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