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Wednesday, February 6, 2013

Business Today: Stock futures dip after Tuesday rally, earnings in focus

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02/6/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures dip after Tuesday rally, earnings in focus
NEW YORK (Reuters) - Stock index futures dipped on Wednesday, indicating the S&P 500 may pull back from a rally of more than 1 percent a day earlier as the index struggles to push past 5-year highs.
RBS fined $615 million for rate rigging
LONDON (Reuters) - Britain's Royal Bank of Scotland will pay U.S. and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates.
Malone strikes $15.75 billion Virgin Media deal to take on Murdoch
LONDON (Reuters) - John Malone's Liberty Global struck a deal on Tuesday to buy British cable group Virgin Media for about $15.75 billion in stock and cash, a move that would put the U.S. billionaire up against old rival Rupert Murdoch.
Time Warner's profit beats Street, raises dividend
(Reuters) - Time Warner Inc reported fourth-quarter net income that beat estimates on Wednesday while the media company raised its dividend and started a new stock repurchase program, sending shares higher.
GSK promises growth this year after 2012 shortfall
LONDON (Reuters) - GlaxoSmithKline, Britain's biggest drugmaker, renewed its promise to return to growth this year, after failing to deliver a hoped-for sales and margin recovery in 2012.
Home Depot to hire 10,000 more seasonal workers in spring
(Reuters) - Home Depot Inc said it will hire 10,000 additional seasonal workers for its key spring selling season as it sees higher sales growth during the period.
Analysis: Low growth saps support for globalization as G20 meets
LONDON (Reuters) - From competitive devaluations to resource nationalism and financial fragmentation, the sinews of the global economy are feeling the strain of years of sub-par growth, adding urgency to the G20's efforts to revive demand.
Analysis: Ackman can withstand a "short squeeze" rally in Herbalife
NEW YORK (Reuters) - For now, William Ackman is getting the better of Carl Icahn in a well-publicized grudge match between the billionaire investors over Herbalife Ltd .
Exclusive: SandRidge gives CEO wide scope to cut his own land deals
NEW YORK (Reuters) - SandRidge Energy Corp is giving its chief executive wide latitude to profit from personal oil-and-gas deals in ways that pose potential conflicts of interest with the company, according to a review of employment contracts and recent transactions.
HSBC's global spread left it open to crime-CEO
LONDON (Reuters) - HSBC was forced into its biggest restructuring in almost 150 years because the bank's complex structure and wide geographical spread had made it attractive to criminals, its chief executive said.
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