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Monday, January 26, 2015

Business Today: Stock futures edge lower after Greek elections

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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 edge lower after Greek elections
NEW YORK (Reuters) - U.S. stock index futures dipped on Monday after a victory by the leftist Syriza party in Greece raised concerns about new instability in the euro zone.
Oil prices turn positive as OPEC sec gen calls bottom to market
LONDON (Reuters) - Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels.
NY insider trading ruling tests prosecutors beyond Wall Street
NEW YORK (Reuters) - A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.
Packaging companies Rock-Tenn, MeadWestvaco to merge
(Reuters) - Packaging companies Rock-Tenn Co and MeadWestvaco Corp will combine to form a company worth $16 billion to take on market leader International Paper Co as demand for corrugated boxes surges in North America.
Lenovo's Motorola looks to take market share from China rivals
BEIJING (Reuters) - Motorola, the mobile handset maker bought by China's Lenovo Group Ltd from Google Inc for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters.
Post Holdings to buy cereal maker MOM Brands for about $1.15 billion
(Reuters) - Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories.
Reinsurers Axis Capital, PartnerRe to merge in $11 billion deal
NEW YORK (Reuters) - Axis Capital Holdings Ltd and PartnerRe Ltd have agreed an $11 billion merger to create one of the world's largest reinsurers, responding to intensifying consolidation pressure in the industry.
How Draghi got divided ECB to say 'yes' to money-printing
LONDON (Reuters) - When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand.
Samsung Electronics to be main chip supplier for next iPhone: South Korea paper
SEOUL (Reuters) - South Korea's Samsung Electronics Co Ltd will be the main supplier of processors powering Apple Inc's next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.
India-U.S. nuke deal could help clear project logjam - Westinghouse CEO
NEW DELHI (Reuters) - A civil nuclear pact struck at summit talks between Indian Prime Minister Narendra Modi and U.S. President Barack Obama could help clear a logjam of stalled projects, the head of U.S. nuclear power plant maker Westinghouse told Reuters on Monday.
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