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Monday, March 4, 2013

Business Today: Stock futures slip as growth concerns weigh

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03/4/2013
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 slip as growth concerns weigh
NEW YORK (Reuters) - Stock index futures slipped on Monday as worries about the prospects for global economic growth prompted investors to take a step back from equities that are within reach of record highs.
Obama renews offer to cut social safety nets
WASHINGTON (Reuters) - President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
HSBC raises dividend as it shrugs off profit fall
LONDON (Reuters) - HSBC is to increase dividend payouts this year, a sign that Europe's largest bank has regained its financial strength even though full-year profits fell more than expected.
Berkshire on hunt for more Heinz-like deals: Buffett
(Reuters) - Berkshire Hathaway Inc is on the hunt for more deals like its planned purchase of H.J. Heinz Co , Warren Buffett, the conglomerate's chief executive, said on Monday.
Alibaba eyes up to $8 billion jumbo loan
HONG KONG, March 4 (Basis Point) - Chinese e-commerce giant Alibaba Group is back in the loan market with an eye on a jumbo financing of up to $8 billion to refinance existing debts, barely a year after borrowing $4 billion in loans, according to sources.
BOJ nominee Kuroda sets out aggressive policy ideas
TOKYO (Reuters) - The Japan government's nominee to be the next central bank governor outlined more forceful policy prescriptions on Monday to finally defeat deflation, saying he would not set any limits on the amount of cash the Bank of Japan pumps into the economy.
Fed's Yellen says forceful stimulus still needed
WASHINGTON (Reuters) - Janet Yellen, the Federal Reserve's influential vice chair, said on Monday the central bank's aggressive monetary stimulus is warranted given how far below its full potential the economy is operating.
German car market continues decline in February
MUNICH (Reuters) - Europe's biggest car market Germany continued its decline in February, German import car brand association VDIK said on Monday.
Sequestration not favored method to cut budget deficit: survey
WASHINGTON (Reuters) - A sound plan is needed to reduce the budget deficit over the next 10 years, but wholesale government spending cuts should not be the core of the program, according to a new survey of economists.
Analysis: Spoonful of reforms helps Latin America capital flows go down
MEXICO CITY (Reuters) - Bumper capital inflows to Latin America are putting the spotlight on shock-proofing policies to help economies digest the rush of investment - and guard against the inevitable exit.
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