Business Today: Stock futures point to early drop from record levels

		Click to View in Browser 06/10/2014 Stock futures point to early drop from record levels NEW YORK (Reuters) - U.S. stock index futures edged lower on Tuesday, as investors found few reasons to keep buying with the Dow and S&P 500 just below the latest in a string of records. Betting on boring brings stock outperformance in 2014 NEW YORK (Reuters) - Largely ignored during much of last year's 30 percent rally in the Standard & Poor's 500 Index, the stocks leading the U.S. market this year rank among its usually sleepiest components. Allergan rejects Valeant and Ackman's raised takeover offer (Reuters) - Botox maker Allergan Inc on Tuesday rejected a sweetened $53 billion takeover offer from Valeant Pharmaceuticals International and activist investor William Ackman, reiterating that it undervalues the company and is too risky for shareholders. Victims of 2004 Ion crash sue GM to reopen case (Reuters) - Victims of the crash of a Saturn Ion in 2004 have filed a lawsuit against General Motors Co to reopen a settlement and accusing the automaker of fraud. RadioShack posts bigger loss as consumer electronic sales fall (Reuters) - U.S. electronics retailer RadioShack Corp reported a much bigger-than-expected quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. If Sprint buys T-Mobile, it may have to slash prices: analysts WASHINGTON (Reuters) - If Sprint Corp acquires T-Mobile US Inc, it could save up to $6.6 billion on network, equipment and operating costs, but it will have to slash its prices to match the target company's steep discounts, analysts said on Monday. Two GM lawyers, quality control executive among those pushed out over switch DETROIT (Reuters) - Two product litigation attorneys and a quality control executive are among the 15 employees who have been forced out by General Motors Co over the company's poor handling of a defective ignition switch linked to at least 13 deaths, according to two people familiar with the decisions. China IPO market resumes after four-month hiatus, brokers to rue break SHANGHAI/HONG KONG (Reuters) - The reopening of mainland China's IPO market with seven new listings announced on Tuesday is good news for investors, although analysts said brokerages could be forced to slash their earnings forecasts after a four-month hiatus in activity. Ford to keep Fiesta production in Germany after cost-saving deal BERLIN (Reuters) - Ford Motor Co will keep production of the Fiesta, its top-selling European car, in high-wage Germany after agreeing with workers to cut assembly costs as it looks to end years of losses on its European operations. AT&T settles U.S. lawsuit with broadcaster Al Jazeera (Reuters) - AT&T Inc settled a lawsuit over its refusal to carry the U.S. news channel of Qatar-based broadcaster Al Jazeera, according to records in Delaware's Court of Chancery. Related Video Rolls Royce rides into Cambodia Breakingviews: Euronext's IPO is a buyer's leap of faith Economic News China May inflation at four-month high, but plenty of room for more stimulus if needed U.S. small business confidence highest in over 6-1/2 years 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