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Wednesday, March 21, 2012

Business Today: Stock futures edge up ahead of data; Oracle advances

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03/21/2012
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Stock futures edge up ahead of data; Oracle advances
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.
General Mills profit dips as commodity costs rise
(Reuters) - General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.
JPMorgan to buy stake in Chinese trust firm: reports
(Reuters) - U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports.
Developing nations to name two candidates for World Bank
WASHINGTON (Reuters) - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.
Analysis: Turning point in the currency war
LONDON (Reuters) - A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies.
UAE's Emal sales to U.S. to more than double in 2012
ABU DHABI (Reuters) - Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), is looking to double its exports to the United States by the end of 2012 as demand from the automotive industry rises, it said on Wednesday.
Generali targets 5 billion euro operating profit after weak 2011
MILAN (Reuters) - Generali , Europe's No.3 insurer, is targeting operating profit of more than 5 billion euros ($6.6 billion) in the mid term as it sees no repeat of the dramatic market shocks that prompted big writedowns in the past year.
Scandal-hit Olympus unveils new devices to rebuild firm
TOKYO (Reuters) - Japan's scandal-hit Olympus Corp on Wednesday unveiled three new medical products it hopes will help it out of the crisis left by a huge accounting fraud which erupted last year, threatening to destroy the 92-year-old firm.
Chevron says Brazil leak different from old spill
RIO DE JANEIRO (Reuters) - Chevron, the No. 2 U.S. oil company, said Wednesday that oil from the latest leak in a Brazilian offshore field was not chemically related to oil from a November spill.
Still a China outsider, Volvo banks on "Linsanity" appeal
BEIJING (Reuters) - When Chinese car maker Geely bought Volvo 18 months ago, some predicted a government which has made it a priority to buy or build high-end international brands would roll out the red carpet for the country's first fully-owned premier marquee.
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