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Monday, May 12, 2014

Business Today: Stock futures point to higher open, S&P 500 near record

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05/12/2014
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, S&P 500 near record
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Monday, putting the S&P 500 within striking distance of record levels, though geopolitical concerns in the Ukraine could cap gains.
Pfizer defends 'powerhouse' Astra deal as CEO braces for grilling
LONDON (Reuters) - Pfizer defended the business case behind its plan to acquire AstraZeneca on Monday and questioned the UK drugmaker's ability to stand alone for much longer as the New York-based group's CEO prepared for a grilling from British lawmakers.
Hillshire to buy Pinnacle Foods in $6.6 billion deal
(Reuters) - Hillshire Brands Co said it would buy Pinnacle Foods Inc for about $6.6 billion including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats.
Exclusive: ECB gets pragmatic to keep bank test deadlines in sight
LONDON (Reuters) - The European Central Bank has quietly made a series of concessions to banks that will make it easier for them to meet the tight deadlines of a landmark review of their businesses, four sources familiar with the process told Reuters.
Apple tries to lift online sales by cutting refund times in half
SAN FRANCISCO (Reuters) - Apple Inc has cut in half the time it takes to give refunds to online store customers who want to return their iPhones and other gadgets, a small but crucial step to try to get more people to buy direct from its website.
How 'Big Corn' lost the ethanol battle to Philadelphia refiners
NEW YORK/WASHINGTON (Reuters) - Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
GE oil chief sees more growth despite Alstom deal
NEW YORK (Reuters) - General Electric Co's $16.9 billion bid for Alstom SA's power business will do little to slow down GE's oil and gas division, according to the head of the unit, even though such a transaction could preclude any more big deals by the U.S. conglomerate until after next year.
U.S. regulators probe 37,656 Nissan minivans for fuel gauge issue
DETROIT (Reuters) - U.S. safety regulators have opened an investigation into an estimated 37,656 Nissan Quest minivans after receiving complaints about stalling due to inaccurate fuel gauges.
BSkyB in talks to unite Murdoch's pay-TV businesses in Europe
LONDON/FRANKFURT (Reuters) - Britain's largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a 10 billion euro deal that would realize Rupert Murdoch's long-held ambition to combine his European TV interests in a single business.
UniCredit swings back to profit, bad loans fall
MILAN (Reuters) - UniCredit , Italy's biggest bank by assets, returned to profit in the first quarter of 2014 thanks to lower loan loss charges after last year's massive balance-sheet clean up, it said on Monday.
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