Business Today: Futures fall after weak payrolls report

Click to View in Browser 04/9/2012 Futures fall after weak payrolls report NEW YORK (Reuters) - U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March. Sony to axe 10,000 jobs in turnaround bid: Nikkei TOKYO (Reuters) - Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. AOL to sell 800 patents to Microsoft for $1 billion (Reuters) - AOL Inc said it would sell over 800 of its patents and related applications to Microsoft Corp , and would grant Microsoft a non-exclusive license to the patents it retains, for slightly over $1 billion in cash. Caterpillar's big bet on the U.S. economy VICTORIA, Texas (Reuters) - It hasn't been long since Caterpillar Inc looked like the typical resident of the Rust Belt. Having misjudged how deep the U.S. economy would decline, the world's largest maker of construction machinery reduced its workforce by 33,000 people worldwide in 2009, closed plants and posted lower profits. AT&T to sell Yellow Pages stake to Cerberus (Reuters) - AT&T Inc said on Monday it would sell a 53 percent stake in its Yellow Pages business to private equity firm Cerberus Capital Management LP [CBS.UL}, which will pay AT&T $750 million in cash and take on $200 million in debt. Ford recalls more than 140,000 Focus cars in U.S. (Reuters) - Ford Motor Co is recalling 140,310 Focus cars from model year 2012 in the United States to repair a potential problem with the passenger-side windshield wiper motor, according to U.S. safety regulators. Avon names Johnson & Johnson's Sherilyn McCoy as CEO (Reuters) - Avon Products Inc said it named Johnson & Johnson executive Sherilyn McCoy as its chief executive officer, effective April 23. Qatar builds up Xstrata stake ahead of Glencore deal DUBAI (Reuters) - Qatar's sovereign wealth fund has increased its stake in Xstrata to just over 5 percent, potentially making it easier for commodities trader Glencore to buy the Anglo-Swiss miner. IGate accepts Patni delisting offer (Reuters) - IGate Corp said it accepted minority shareholders' offer of 520 rupees ($10.18) per share to delist its Indian unit Patni Computer Systems at a price higher than what it paid to buy a controlling stake in the company. Hong Kong ship insurers unable to fill void in Iran oil cover SINGAPORE (Reuters) - Hong Kong maritime insurers will not provide full cover to tankers carrying Iranian oil after EU sanctions take effect from July, a senior industry official told Reuters, another blow to Chinese importers struggling to find ways around the measures. As more insurers confirm they will soon halt or sharply reduce coverage to tankers operating in Iran, China's government may need to step in and take the risk to get contracted crude supplies from Tehran, said Arthur Bowring, ma Related Video Saving Yangon's colonial buildings China's CPI in surprise jump Economic News Analysis: How low can U.S. jobless rate really fall? Despite recovery, U.S. public employees face more layoffs 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