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Monday, April 8, 2013

Business Today: Wall Street set for bounce after last week's sell-off

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04/8/2013
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
Wall Street set for bounce after last week's sell-off
NEW YORK (Reuters) - Stock index futures rose on Monday, bouncing back from the worst weekly decline this year even as investors face the prospect of a lackluster corporate earnings season.
EU regulators to approve $15.8 billion Liberty, Virgin deal: sources
BRUSSELS/LONDON (Reuters) - John Malone's Liberty Global will get unconditional EU clearance for its $15.8 billion bid for Virgin Media, two people familiar with the matter said on Monday, in a move which pits the U.S. billionaire against rival Rupert Murdoch.
Macy's, J.C. Penney set to resume trial over Martha Stewart
NEW YORK (Reuters) - Macy's Inc and rival J.C. Penney Co Inc are due back in court Monday in their battle over Martha Stewart home goods after a month-long mediation effort appeared to have failed.
GE to acquire oilfield services provider Lufkin for $3 billion
(Reuters) - General Electric Co said it will buy oilfield services provider Lufkin Industries Inc for about $2.98 billion to boost its presence in the energy business.
Union rules out warning strikes at Lufthansa until mid-April
FRANKFURT (Reuters) - German trade union Verdi has ruled out warning strikes at Lufthansa until the middle of next week, saying the airline pledged to present a new offer at the next negotiation round starting Apr. 17.
Rogue trader Leeson gets Irish partnership as financial adviser
DUBLIN (Reuters) - Nick Leeson, the former rogue trader who brought down Britain's oldest investment bank, has a new job as a partner in an Irish firm advising borrowers struggling to make loan repayments.
Avon plans to cut over 400 jobs, exit Ireland
(Reuters) - Avon Products Inc said on Monday it will slash more than 400 jobs as part of a turnaround plan aimed at restoring the cosmetics maker to profitability.
Greek banks NBG, Eurobank face state rescue
ATHENS (Reuters) - Two of Greece's biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.
Airbus seen close to BA deal, adding pressure for Boeing revamp
PARIS (Reuters) - A potential $7 billion order from British Airways for Airbus A350 jets is set to hand Boeing Co its next major challenge as it nears the end of a three-month crisis over the grounding of the 787 Dreamliner, analysts said.
UPS appeals EU rejection of $6.7 billion TNT Express bid
NEW YORK (Reuters) - United Parcel Services Inc has appealed the European Union regulator's decision to block its 5.16 billion euro ($6.7 billion) bid for Dutch competitor TNT Express NV , a UPS spokeswoman told Reuters on Sunday.
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