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Monday, July 1, 2013

Business Today: Stock futures indicate positive start to third quarter

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07/1/2013
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 indicate positive start to third quarter
NEW YORK (Reuters) - Stock futures rose on Monday, indicating a rebound from the previous session's decline and that equities would start the second half of the year by building on the strongest first half of any year since 1998.
EU charges 13 banks, ISDA, Markit with breaching EU antitrust rules
BRUSSELS (Reuters) - Financial data company Markit, the International Swaps and Derivatives Association (ISDA) and 13 banks were charged with blocking two exchanges from entering the credit derivatives market in the last decade in breach of EU antitrust rules.
Tribune to buy 19 local TV stations for $2.73 billion
(Reuters) - Tribune Co said it would acquire 19 television stations from Local TV Holdings LLC for $2.73 billion in cash, a deal that would make it the largest TV station owner in the United States.
Europe and Japan show signs of stabilizing, but China slides
LONDON/BEIJING (Reuters) - Europe's prolonged economic decline may have stabilized and even rebounded in some areas, business surveys showed on Monday, although Asia exhibited signs of slowing as global demand wanes.
Euro zone joblessness at record high, inflation up
BRUSSELS (Reuters) - Euro zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed on Monday, underlining the fragility of the bloc's economic health.
NY financial regulator probes insurers over Iran links: WSJ
ZURICH (Reuters) - New York's financial regulator has asked insurers Lloyd's of London and reinsurer Swiss RE AG for details about dealings linked to Iran as part of a probe into 20 non-U.S. reinsurance firms, the Wall Street Journal reported.
Citi to pay Fannie $968 million for potential mortgage repurchase claims
(Reuters) - Citigroup Inc will pay Fannie Mae $968 million to resolve potential mortgage repurchase claims for breaches of representations on loans sold to Fannie Mae between 2000 and 2012.
Lockheed Martin launches international arm
LONDON (Reuters) - Lockheed Martin , the Pentagon's biggest supplier by sales, has launched an arm focused on growing the defense contractor's global business, it said on Monday.
Investors set to weigh benefits of News Corp
(Reuters) - News Corp and 21st Century Fox will begin trading as two separate companies on Monday, giving investors the choice of a fast-growing entertainment business and a slower-growing but prominent publishing concern.
Italy prosecutor asks two years jail for Pirelli's Tronchetti Provera
MILAN (Reuters) - An Italian prosecutor has asked for two years imprisonment for businessman Marco Tronchetti Provera in a case involving the alleged use of Telecom Italia data to snoop on Italy's elite.
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