Business Today: Stock futures off as investors worry about "fiscal cliff"

		Click to View in Browser 11/28/2012 Stock futures off as investors worry about "fiscal cliff" NEW YORK (Reuters) - Stock futures fell on Wednesday as investors grew more concerned about the lack of progress in U.S. budget talks to avoid looming spending cuts and tax hikes, setting the S&P 500 up for a third consecutive day of decline this week. GE's service push could bring profit margin boost (Reuters) - General Electric Co plans to unveil on Thursday a new push into service businesses, with a series of programs to help airlines, railroads and hospitals that use its heavy equipment operate more efficiently. Spain's rescued banks to shrink, slash jobs BRUSSELS/MADRID (Reuters) - Spain's four nationalized banks will more than halve their balance sheets in five years, slash jobs and impose hefty losses on bondholders, under plans approved by the European Commission on Wednesday. ECB wants "executioner" to terminate Europe's weak banks BRUSSELS/FRANKFURT (Reuters) - The European Central Bank has proposed that the EU's powerful antitrust chief be given a permanent role for shutting down weak banks that survive largely on central bank funding, officials familiar with the issue say. EU set to make its mind up over trade talks with Japan BRUSSELS/TOKYO (Reuters) - Britain is trying to convince France and Italy to agree to negotiations with Japan to create a free-trade area with the European Union despite concerns that a deal would hurt the continent's weaker carmakers. Euro zone central banks may roll over their Greek bonds: document BRUSSELS (Reuters) - Euro zone central banks may decide to roll over their holdings of Greek debt to reduce by 5.6 billion euros the amount governments will need to provide Athens by 2016, according to an document obtained by Reuters. UAE buys into BP's UK fields as relations improve ABU DHABI (Reuters) - Abu Dhabi National Energy Co (TAQA) will buy a number of BP's North Sea assets for over $1.3 billion in a sign relations between Britain and the Gulf emirate are on the mend. Harrisburg, Pennsylvania may soon renew bankruptcy threat as ban ends Harrisburg, Pennsylvania (Reuters) - Pennsylvania's capital city Harrisburg, neck-deep in more than $340 million debt, is on the verge of getting a powerful negotiating tool with creditors: the threat of bankruptcy. China investment levels excessive, risks are rising: IMF research BEIJING (Reuters) - China's economy relies on an excessively high level of investment and risks a potentially destabilizing increase if the government aims to keep growth around current levels for years to come, new International Monetary Fund research suggests. U.S. for-profit colleges spend big on marketing while slashing other costs (Reuters) - Google's biggest advertiser is neither a bank nor a retailer. Related Video Market Pulse: Sustainable Greek debt – a €100 bln write-off? Daily Digit: Russia's MegaFon IPO Economic News Obama pushes tax agenda, Congress in stand-off Fed's Evans wants more easing, Fisher wants limits 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