Business Today: Stock futures signal rebound, G8 assures investors

Click to View in Browser 05/21/2012 Stock futures signal rebound, G8 assures investors NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro zone. Houghton Mifflin files Chapter 11 bankruptcy (Reuters) - Houghton Mifflin Harcourt Publishers Inc filed for bankruptcy protection on Monday, after the publisher of textbooks reached an agreement with a majority of its creditors to cut about $3.1 billion of debt. Barclays to sell $6.1 billion BlackRock stake LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Rajat Gupta faces jury in insider trading case NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. Facebook falls below $38 issue price in premarket NEW YORK (Reuters) - Facebook Inc shares fell below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its debut on Friday. Apple,Samsung CEOs in U.S. court talks over patent row SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products. Euro zone needs growth and austerity: ECB's Asmussen BERLIN (Reuters) - Europe's fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Spain to slump further but will hit deficit goal MADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. EU's Almunia offers Google chance to settle antitrust case BRUSSELS (Reuters) - The European Union's antitrust chief on Monday offered Google a chance to settle an investigation into allegations of anti-competitive behavior after the world's most popular search engine indicated its willingness to resolve the issue amicably. Related Video U.S. Morning Call: Facebook faces second day on Nasdaq Market Pulse: Risk assets up ... and dawn of the "Guero"? Economic News U.S. swing states' jobless rates dive in April Fed's Lockhart says circumstances not ripe for QE3 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