Business Today: Futures point to higher open on Greece deal

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Good Morning Robert, MON 12 Apr 2010 
 
Futures point to higher open on Greece deal
Markets salute euro zone deal on Greece, for now
UBS Q1 best since crisis began, withdrawals slow
MasterCard names former Citi executive Banga CEO
Tech earnings look strong, but may not satisfy
Smartphone maker Palm seeking a buyer: report
NBER says not clear yet when U.S. recession ended
Regulators failed to supervise Washington Mutual: report
EADS says no decision yet on U.S. tanker bid
U.S. bailout cost seen lower at $89 billion: report


Futures point to higher open on Greece deal
April 12, 2010 08:17 AM ET
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly higher open on Monday, aided by easing sovereign debt concerns after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece.

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Markets salute euro zone deal on Greece, for now
April 12, 2010 08:26 AM ET
LONDON/ATHENS (Reuters) - Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default dissipated.

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UBS Q1 best since crisis began, withdrawals slow
April 12, 2010 06:07 AM ET
ZURICH (Reuters) - UBS delivered its highest pretax profit since the credit crisis began, just ahead of a likely tense shareholder meeting, and said withdrawals had slowed substantially as the bank rebuilds client trust.

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MasterCard names former Citi executive Banga CEO
April 12, 2010 08:11 AM ET
NEW YORK (Reuters) - MasterCard Inc named Ajay Banga, its president and chief operating officer, as chief executive to replace outgoing CEO Robert Selander, the company said on Monday.

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Tech earnings look strong, but may not satisfy
April 12, 2010 12:43 AM ET
SEATTLE (Reuters) - Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

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Smartphone maker Palm seeking a buyer: report
April 12, 2010 08:16 AM ET
HELSINKI (Reuters) - Smartphone maker Palm Inc , which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation.

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NBER says not clear yet when U.S. recession ended
April 12, 2010 08:34 AM ET
WASHINGTON (Reuters) - It is too soon to determine when the U.S. recession ended, the arbiter of U.S. business cycles said on Monday.

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Regulators failed to supervise Washington Mutual: report
April 12, 2010 08:31 AM ET
NEW YORK (Reuters) - U.S. regulators did not properly supervise Washington Mutual Inc, even as the savings and loan began to crumble because of the subprime mortgage crisis, a federal investigation concluded, the New York Times reported.

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EADS says no decision yet on U.S. tanker bid
April 12, 2010 07:46 AM ET
PARIS (Reuters) - The chief executive of Airbus parent EADS said on Monday the European group had not yet decided whether to challenge Boeing for a deal worth up to $50 billion to sell aerial tankers to the United States.

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U.S. bailout cost seen lower at $89 billion: report
April 12, 2010 01:19 AM ET
NEW YORK (Reuters) - The government's bailout of the financial system is expected to cost $89 billion, much lower than earlier projections, the Wall Street Journal reported on Sunday, citing Treasury Department officials.

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