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Tuesday, July 9, 2013

Business Today: Stock futures advance after Alcoa's profit tops forecasts

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07/9/2013
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Stock futures advance after Alcoa's profit tops forecasts
NEW YORK (Reuters) - Stock futures rose on Tuesday, putting the S&P 500 on pace for a fourth straight advance, after Alcoa reported higher-than-expected adjusted profit, which buoyed optimism about quarterly earnings reports to come.
Kroger to buy Harris Teeter Supermarkets in $2.5 billion deal
(Reuters) - Kroger Co , the biggest U.S. supermarket operator, said it would acquire Harris Teeter Supermarkets Inc in a deal valued at $2.5 billion to expand in the south east and mid-Atlantic regions.
Exclusive: One Call Care for sale for more than $1.5 billion: sources
NEW YORK (Reuters) - One Call Care Management Inc, a medical cost containment services company owned by Odyssey Investment Partners LLC, is exploring a sale that may fetch more than $1.5 billion, according to two people familiar with the matter.
Completed U.S. foreclosures decline in May from year ago: CoreLogic
NEW YORK (Reuters) - Fewer U.S. foreclosures were completed in May compared with a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, data analysis firm CoreLogic said on Tuesday.
Dell shareholder Yacktman backs Icahn buyout proposal
(Reuters) - Dell Inc shareholder Yacktman Asset Management threw its support behind Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker.
NYSE Euronext to take over scandal-hit Libor
LONDON (Reuters) - New York Stock Exchange operator NYSE Euronext is to take over running the Libor benchmark interest rates that have been at the centre of a global rigging scandal.
European rift clouds future of executioner for failed banks
BRUSSELS (Reuters) - A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks.
Shell's new CEO reinforces gas technology focus
LONDON (Reuters) - Royal Dutch Shell named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on.
Greek outlook bleaker than lenders think, local think tank calculates
ATHENS (Reuters) - Greece's economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders.
Judge tentatively lets U.S. pursue lawsuit versus S&P
(Reuters) - A federal judge has made a tentative ruling that would let the U.S. government pursue its $5 billion civil lawsuit accusing Standard & Poor's of defrauding investors by inflating credit ratings prior to the financial crisis.
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