Business Today: Stock futures point to higher open, Barnes & Noble rallies

		Click to View in Browser 02/25/2013 Stock futures point to higher open, Barnes & Noble rallies NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Monday, suggesting the equity rally was intact despite concerns that the Federal Reserve could curtail its stimulus for the economy sooner than many expected. Sinopec to buy stake in Chesapeake assets for $1.02 billion (Reuters) - China Petroleum & Chemical Corp (Sinopec) will buy half of Chesapeake Energy Corp's Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the booming North American shale gas industry. BP to face day in court over Gulf of Mexico oil spill NEW ORLEANS (Reuters) - Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are about to face their day in court. Barnes & Noble chairman to bid for company's retail assets (Reuters) - Barnes & Noble Inc Chairman Leonard Riggio has told the board he plans to buy the retail assets of the company including Barnes & Noble Booksellers Inc and barnesandnoble.com, but excluding the Nook Media business, sending the company's shares up as much as 26 percent before the bell on Monday. Lowe's makeover bears fruit; Sandy helps sales (Reuters) - Lowe's Cos Inc's quarterly results beat analysts' estimates on Monday as sales benefited from rebuilding after Hurricane Sandy and the retailer's own efforts to improve product selection and customer service. Hertz forecasts strong 2013 as pricing improves (Reuters) - Hertz Global Holdings Inc reported a quarterly loss due to costs related to its acquisition of Dollar Thrifty, but adjusted profit beat analysts' expectations and the car rental company forecast strong results for 2013 on higher pricing. Spain's Caixabank to cut 3,000 jobs MADRID (Reuters) - Spanish lender Caixabank said on Monday it would cut about 3,000 jobs to improve its efficiency after it made several acquisitions in the past three years. GM doesn't see Opel talks stretching into March BARCELONA (Reuters) - General Motors still believes it can strike a deal in the next few days with German labor unions over a restructuring of its loss-making European arm Opel, GM Vice Chairman Steve Girsky told Reuters on Monday. Apple signals emerging-market rethink with India push NEW DELHI/BANGALORE (Reuters) - As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival that has long had a minimal presence in the country. IKEA says horse meatballs went on sale in several European countries PRAGUE (Reuters) - A batch of meatballs pulled from shelves at IKEA's stores after Czech inspectors discovered they contained horsemeat had been on sale in several European countries, the company's Czech spokesman said on Monday. Related Video Market Pulse: Downgrade, what downgrade? U.S. Morning Call: Hertz forecasts strong 2013 Economic News Bernanke's challenge: prime markets for policy turn Analysis: U.S. companies plan to spend, a boost for the economy 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