Business Today: Stock futures point to higher open on last day of quarter

Click to View in Browser 03/30/2012 Stock futures point to higher open on last day of quarter NEW YORK (Reuters) - Stock index futures pointed to a higher open on Friday after a string of declines, with equities on track for their strongest quarter in more than two years. February personal spending posts largest gain in 7 months WASHINGTON (Reuters) - Consumer spending in February increased by the most in seven months even as income rose modestly, which could prompt analysts to scale back expectations of a sharp pull back in economic growth this quarter. RIM posts loss as new CEO begins to clean house TORONTO (Reuters) - Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter since 2006, as its new CEO announced the initial steps in a strategic overhaul and would not rule out an eventual sale of the company. Euro zone agrees to temporary boost to rescue capacity COPENHAGEN (Reuters) - Euro zone finance ministers agreed on Friday on a temporary increase in their financial rescue capacity to prevent a new flare-up of Europe's sovereign debt crisis, but markets may judge it too small to be convincing. Apple, Foxconn set new standard for Chinese workers SAN FRANCISCO (Reuters) - Apple Inc and its main contract manufacturing Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business in China. Greek PM does not rule out new bailout package MILAN (Reuters) - Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping austerity measures demanded by its international creditors fail to stabilize its shattered economy and restore market confidence. Sun Hung Kai dives as billionaire Kwok brothers arrested HONG KONG (Reuters) - More than $5 billion was wiped off the market value of Sun Hung Kai Properties on Friday, after the billionaire owners of Asia's largest real estate developer were arrested on suspicion of corruption. Analysis: Brazil commodity exporters under friendly fire in "currency war" SAO PAULO (Reuters) - In its latest bid to slow dollar inflows in a "global currency war," Brazil has dealt an unexpected blow to its own commodity exporters, choking off medium-term trade financing at a vulnerable time for the sector. Goldman to take India charm offensive to Delhi MUMBAI (Reuters) - Executives of U.S. investment bank Goldman Sachs are due to take their Indian charm offensive to the capital, New Delhi, on Friday, sources said, after courting business leaders and holding their first annual board meeting in the country. BHP iron ore chief quits amid expansion MELBOURNE (Reuters) - BHP Billiton's veteran iron ore chief, Ian Ashby, is stepping down after 25 years with the world's biggest miner, it said on Friday, clearing the way for a new leader to complete the company's long-term $11 billion iron ore expansion. Related Video Euro zone set to boost firewalls Cessna charters China flight path Economic News February personal spending posts largest gain in 7 months Treasury sells Central Pacific Financial shares A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend