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Tuesday, March 5, 2013

Business Today: Stock futures rise with Dow record within sight

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03/5/2013
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 rise with Dow record within sight
NEW YORK (Reuters) - Stock index futures rose on Tuesday as the Dow stood within reach of a record closing high and investors were cheered by China's record spending plans.
Home prices rose in January: CoreLogic
NEW YORK (Reuters) - Home prices rose at the beginning of the year, another sign the recovery in the housing market is gaining traction, data from CoreLogic showed on Tuesday.
Average new-car loan a record 65 months in fourth quarter
(Reuters) - Auto lenders gave borrowers a record 65 months, on average, to repay new-car loans in the fourth quarter, credit-tracking company Experian said on Tuesday.
Qualcomm ups dividend, increases share repurchase
(Reuters) - Qualcomm Inc, the world's leading supplier of chips for cellphones, said it was raising its quarterly cash dividend by 40 percent and introduced a new $5 billion stock repurchase program, sending its shares higher in premarket trading.
Exclusive: Bankinter, Apollo team up for Generali's BSI - sources
LONDON (Reuters) - Spain's Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali's Swiss private bank BSI in a deal worth up to 2 billion euros ($2.6 billion), three people with knowledge of the matter said on Tuesday.
UK's FSA says failed to act fast enough on Libor
LONDON (Reuters) - Britain's financial watchdog said it should have been faster in spotting how banks "lowballed" Libor benchmark interest rates but stopped short of admitting to major regulatory failure.
Trading cushions Glencore's 2012 profit drop
LONDON (Reuters) - A rise in profits from trading helped Glencore offset lower prices in 2012, with net income down by a quarter as the commodities group prepares to seal a $34 billion takeover of miner Xstrata .
StanChart warns on regulatory costs after record profit
LONDON (Reuters) - Standard Chartered notched up a tenth successive rise in annual profit with a 1 percent gain that was capped by the bank's big fine for breaking U.S. sanctions on Iran and rising regulatory costs.
Carmakers fear European recovery could take years
GENEVA (Reuters) - The prospects for Europe's ailing car market have got worse in recent months and demand is likely to remain shaky for at least five years as governments push through austerity measures to cut their debts, industry leaders warned.
UK's Osborne fights alone against EU bank bonus cap
BRUSSELS (Reuters) - Britain's finance minister was isolated among his EU counterparts on Tuesday as he lobbied to water down a European cap on bankers' bonuses, measures popular with an angry public that blames banks' excesses for the financial crisis.
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