Business Today: Stock futures edge lower as four-day run threatened

Click to View in Browser 04/30/2012 Stock futures edge lower as four-day run threatened NEW YORK (Reuters) - U.S. stock index futures edged lower on Monday, indicating the S&P 500 may snap a four-day winning streak after data showed Spain slipped into a recession and ahead of a report on U.S. consumer spending. U.S. March personal incomes rise, consumers save more WASHINGTON (Reuters) - U.S. household income rose in March by the most in three months although consumers socked away part of the extra cash by saving more and only modestly increasing spending. Spain in recession as austerity bites MADRID (Reuters) - Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond. Energy Transfer Partners to buy Sunoco for $5.3 billion (Reuters) - Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash to get into the more lucrative crude oil transportation business as natural gas prices stay weak. Barnes & Noble shares soar on Microsoft deal (Reuters) - Barnes & Noble Inc said it will separate its digital and college book businesses into a new subsidiary, giving Microsoft Corp a 17.6 percent stake in the new unit, and the bookstore operator's shares nearly doubled in premarket trading on Monday. Euro zone price pressures persist, constrain ECB action BRUSSELS (Reuters) - - Price pressures stayed high in the euro zone in April in the face of a likely recession, keeping interest rate cuts off the agenda for a European Central Bank seeking ways of reviving economic growth within its inflation mandate. Analysis: U.S. mortgage funds emerge even as housing stays weak NEW YORK (Reuters) - The U.S. housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street. Falcone gets extension in LightSquared creditor talks NEW YORK (Reuters) - Hedge fund manager Philip Falcone's LightSquared is avoiding a default for now on about $1.6 billion of debt after creditors of the upstart wireless telecom company agreed to extend negotiations for a week, source familiar with the matter said. Law firm Dewey dumps executive; talks with rival end NEW YORK (Reuters) - Embattled law firm Dewey & LeBoeuf said on Sunday it removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. Malaysia Felda Global's over $3 billion IPO by end-June: sources KUALA LUMPUR (Reuters) - Malaysia's state-owned Felda Global Ventures Holdings is likely to make its IPO at the end of June, according to two sources, in what is expected to raise more than $3 billion and be one of the biggest flotations in the world this year. Related Video Chen: A spoiler for U.S.- China dialogue? Reuters Today: Blind activist row clouds U.S./China talks Economic News Small business hiring takes step back in April U.S. March personal incomes rise, consumers save more 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