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Tuesday, April 10, 2012

Business Today: Stock futures flat after string of losses

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04/10/2012
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Stock futures flat after string of losses
NEW YORK (Reuters) - Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
Bernanke says banks need bigger capital buffer
STONE MOUNTAIN, Georgia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.
China surprises with export-led March trade surplus
BEIJING (Reuters) - China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand.
Sony sees record $6.4 billion loss on tax hit
TOKYO (Reuters) - Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant.
Bourses play nice cop to head off speed-trade rules
LONDON (Reuters) - The world's stock exchanges are trying to rein in some of the most controversial activities of high-speed trading firms, among their most valued clients, to help head off tough sanctions from regulators.
Analysis: Oil firms hurt by Gulf spill welcome back drill rigs
NEW ORLEANS (Reuters) - Gulf of Mexico oil drillers will be busier this year than at any point since the BP oil spill in 2010 that upended their industry and soiled their reputation along with parts of the marshy Louisiana coast.
Freddie Mac homes in on next CEO: WSJ
(Reuters) - The former chief executive of online brokerage E*Trade Financial Corp has emerged as a favorite for the top job at Freddie Mac , the Wall Street Journal said, citing people familiar with the matter.
Flow of Iranian oil to Asia slows as sanctions bite
TOKYO/HONG KONG (Reuters) - Japanese trading houses will cut Iranian crude imports from April, industry sources said on Tuesday, in the latest sign that Western sanctions are curbing the flow of Tehran's oil to its biggest customers in Asia.
Analysis: Troubled euro zone states most at risk from high oil
BRUSSELS (Reuters) - Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Wells Fargo upgrades AIG on likely bailout exit
(Reuters) - American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to "outperform."
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