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Monday, June 9, 2014

Business Today: Futures point to dip at the open despite deals

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06/9/2014
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Futures point to dip at the open despite deals
NEW YORK (Reuters) - U.S. stock index futures pointed to modest losses at the open on Monday, as a rash of corporate deals weren't enough reason for investors to keep buying following a rally that has taken major indexes to repeated record highs.
Tyson Foods says wins bidding war for Hillshire Brands
(Reuters) - Tyson Foods Inc said it reached a "unilaterally binding offer" to buy Hillshire Brands Co for $8.55 billion, including debt, beating out Pilgrim's Pride Corp PPC.O for the maker of Jimmy Dean sausages.
Iraq to stay ahead of Iran for now in rivalry for OPEC No.2 spot
VIENNA (Reuters) - A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No. 2 producer from former foe Iraq.
Japan's economy picks up speed on unexpected surge in capex
TOKYO (Reuters) - Japan's first quarter growth handily beat initial estimates on an unexpected surge in capital spending, fresh signs the world's third-biggest economy is in better shape to weather a hit to consumption from a sales tax hike.
Ackman says Allergan holders back takeover at $180/shr: CNBC
(Reuters) - Activist investor William Ackman on Monday defended Valeant Pharmaceuticals during an interview on CNBC television and said that Allergan Inc shareholders told him they would support a deal at $180 per share.
McClendon's firm to buy $4.25 billion of U.S. shale assets
(Reuters) - American Energy Partners LLP, the company started by Aubrey McClendon after he was pushed out as CEO of Chesapeake Energy Corp, said it would acquire shale oil and gas assets in Texas, Ohio and West Virginia for $4.25 billion.
Amazon expands middleman role in latest online payments push
SAN FRANCISCO (Reuters) - Amazon.com Inc will start managing subscription payments for start-ups and other companies - the latest in a series of quiet moves the e-commerce giant has made into PayPal's turf over the past year.
Alitalia needs a few weeks to close Etihad deal: CEO
ROME (Reuters) - Alitalia needs a few weeks to seal a deal with Etihad which could see the Abu Dhabi airline invest 560 million euros ($762 million) in its struggling Italian peer in return for hefty job cuts, Alitalia chief executive Gabriele del Torchio said.
Morgan Stanley to sell stake in TransMontaigne
(Reuters) - Morgan Stanley is selling its stake in oil pipeline company TransMontaigne Inc to NGL Energy Partners LP for $200 million, as the bank slims down its commodities business.
VW's Skoda posts record May unit sales, up 15 percent
PRAGUE (Reuters) - Czech carmaker Skoda Auto, a unit of Volkswagen, posted a 15.2 percent rise in global sales in May, selling 91,200 units, a record for that month, it said on Monday.
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