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Monday, February 10, 2014

Business Today: Futures pull back after two-day rally

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02/10/2014
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Futures pull back after two-day rally
NEW YORK (Reuters) - U.S. stock index futures dipped on Monday, indicating the S&P 500 would retreat after its best two-day performance in four months, ahead of new Federal Reserve Chair Janet Yellen's first testimony before lawmakers on Tuesday.
Vodafone bids for Spanish cable operator Ono: sources
LONDON/MADRID (Reuters) - Britain's Vodafone has made an offer to buy Spain's largest cable operator Ono from its private-equity owners ahead of a board meeting of the Spanish company on Tuesday, two people familiar with the situation said.
Former Madoff aides get their day in court
NEW YORK (Reuters) - Four months into a criminal trial for five former employees of Bernard L. Madoff Investment Securities, witnesses have made it clear that no one but Madoff himself knew the whole truth about his massive Ponzi scheme, from his top lieutenant on down.
Boeing sees Asia-Pacific fleet nearly tripling over 20 years
SINGAPORE (Reuters) - The world's biggest planemaker Boeing expects nearly half of the world's air traffic growth will be driven by the Asia-Pacific region over the next 20 years, but is monitoring local currencies to assess airlines' ability to meet orders.
Europe, China lift McDonald's January comparable sales
(Reuters) - McDonald's Corp on Monday reported better-than-expected global sales at established restaurants for January as gains in Europe and China helped the company offset a sharp decline in the United States.
China export growth seen slowing, loans surging in January
BEIJING (Reuters) - China's export and import growth likely cooled in January, a Reuters poll showed, underlining a broader slowdown in the world's second-largest economy, though the Lunar New Year holiday effect may overstate the soft momentum.
Watchdog says euro bank failures needed to make health check credible: FT
FRANKFURT/LINKOPING, Sweden (Reuters) - Some banks need to fail a sector-wide review of their financial health in order to make the exercise credible, the head of the euro zone's new banking supervisor told the Financial Times.
Chrysler Group repays $5 billion debt to VEBA trust
MILAN (Reuters) - Fiat Chrysler said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA.
Barclays underlying annual profit drops to $8.5 billion
LONDON (Reuters) - Barclays Plc said its 2013 underlying earnings dropped by a quarter from the year before to 5.2 billion pounds ($8.5 billion), below expectations, which is likely to be due to a fall in investment bank earnings.
Exclusive: Duo tracks double-dipping in U.S. oil firms' toxic tank cleanup
BIRMINGHAM, Alabama (Reuters) - A pioneer in cleaning up toxic messes, Thomas Schruben long suspected major oil companies of being paid twice for dealing with leaks from underground fuel storage tanks - once from government funds and again, secretly, from insurance companies.
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