Business Today: Stock futures tick up, S&P on track to extend record

		Click to View in Browser 05/28/2014 Stock futures tick up, S&P on track to extend record NEW YORK (Reuters) - U.S. stock index futures edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index. Valeant raises bid for Allergan, values Botox-maker at $49.44 billion (Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc raised the cash component of its offer for Botox-maker Allergan Inc , valuing the U.S. firm at $49.44 billion. GE strengthens hand in Alstom battle with pledge for 1,000 French jobs PARIS (Reuters) - General Electric (GE) strengthened its position in the battle for the power arm of French group Alstom on Wednesday with a pledge to create 1,000 jobs in France and recognition from Paris that it had made a more acceptable offer. Hutchison wins EU approval for $1 billion O2 Ireland deal BRUSSELS (Reuters) - Hong Kong-based Hutchison Whampoa got the approval of the European Union's competition authority on Wednesday for its $1 billion bid for Telefonica's Irish mobile business in a case that could set the regulatory tone for Telefonica's bigger pending German merger deal. Nestle boosts skincare business with $1.4 billion Valeant deal LONDON/ZURICH (Reuters) - Swiss food group Nestle stepped up its drive into the fast-growing skincare market on Wednesday, buying the rights to several treatments for facial lines and wrinkles from Valeant Pharmaceuticals International for $1.4 billion in cash. India's Infosys says board member Srinivas resigns (Reuters) - Infosys Ltd president and board member B.G. Srinivas has resigned, the company said on Wednesday, the latest in a series of senior management exits at India's second-largest software services exporter. Goldman has cut bond trading staff by 10 percent since 2010: COO NEW YORK (Reuters) - Goldman Sachs Group Inc has cut fixed-income trading staff by 10 percent since 2010 to reduce costs, President and Chief Operating Officer Gary Cohn said on Wednesday. Siemens in talks to sell stake in household goods venture to Bosch: sources FRANKFURT (Reuters) - German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch [ROBG.UL], two sources familiar with the matter said on Wednesday. MasterCard extends zero liability policy to ATM transactions (Reuters) - MasterCard Inc, the world's second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions. Pilgrim's bid for Hillshire puts Pinnacle deal in peril (Reuters) - Pilgrim's Pride Corp on Tuesday offered to buy Hillshire Brands Co in an all-cash deal valued at $6.4 billion, as the world's second-largest chicken processor seeks to expand its protein footprint with Hillshire's sausages and lunch meats. Related Video Another fraud probe hits GSK Militants hurt Kenya's vital tourism Economic News U.S. factory, confidence data boost growth prospects U.S. mortgage applications fall in latest week: MBA A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend