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Wednesday, June 12, 2013

Business Today: Stock futures point to rebound for Wall St. after selloff

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06/12/2013
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Stock futures point to rebound for Wall St. after selloff
NEW YORK (Reuters) - Stock futures rose on Wednesday, pointing to a rebound for Wall Street after a selloff in the previous session, though gains may be tempered by investor wariness over how soon central banks will begin to scale back accommodative policies.
Pfizer settles patent lawsuit with Teva, Sun Pharma for $2.15 billion
(Reuters) - Pfizer Inc said it reached a $2.15 billion settlement with Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd related to patent infringement on its acid-reflux drug Protonix.
Vodafone moves for Kabel Deutschland in quad-play push
LONDON/FRANKFURT (Reuters) - British mobile firm Vodafone has approached Kabel Deutschland about a bid for Germany's biggest cable operator that could top 7 billion euros ($9.3 billion) and help fend off competition in its most important European market.
Bank of England's Fisher urges end to RBS uncertainty
LONDON (Reuters) - Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland , a senior Bank of England official said on Wednesday.
Export slowdown threatens emerging Asia's credit-fuelled boom
KUALA LUMPUR (Reuters) - A deepening slump in exports is sending tremors through Asia, threatening to undermine some booming emerging economies that have surged ahead in recent years on a heady combination of easy credit, buoyant consumer demand and strong domestic investment.
Analysis: Emerging market crunch may cause Fed to think twice
LONDON (Reuters) - If currency turbulence in emerging markets escalates into full-scale investor flight, the Federal Reserve may have a fresh headache in deciding when to slow its dollar printing policy.
Bermuda premier says UK territories won't sign tax deal before G8
LONDON (Reuters) - Britain's overseas territories will not sign up to an international convention aimed at tackling tax evasion ahead of the G8 summit in Northern Ireland next week, the premier of Bermuda said on Wednesday.
GE taps CFO to oversee streamlining of finance unit
(Reuters) - General Electric Co on Wednesday tapped Chief Financial Officer Keith Sherin to run its GE Capital unit and help oversee the streamlining of the unit, as the company focuses more on manufacturing.
Rolls-Royce working with ANA after 787 engine problem
LONDON (Reuters) - Britain's Rolls-Royce said it was working with Japan's All Nippon Airways after the airline was forced to scrap a Dreamliner flight following an engine problem.
Sun shines on ASOS as Inditex and H&M feel the chill
MADRID/STOCKHOLM (Reuters) - Cold weather in recession-weary Europe left spring collections on the racks of the world's biggest clothing retailers, Inditex and H&M, while small British rival ASOS beat the seasons with soaring demand for its cost-conscious online offering.
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