Business Today: Stock futures slip as Greece worry offsets UPS results

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Good Morning Robert, THU 15 Apr 2010 
 
Stock futures slip as Greece worry offsets UPS results
Strong Chinese GDP growth backs tightening case
Apache to buy Mariner for $2.7 billion
Fortune 500 shed record 821,000 jobs in 2009
Special Report: Sweethearts in crime
Capital One credit card defaults rise in March
Leaders mull EU support tool, markets turn on Greece
Toyota to test all SUVs, suspends Lexus GX output
Lehman sets payouts to exit bankruptcy
Fujitsu sued for defamation by financial firm


Stock futures slip as Greece worry offsets UPS results
April 15, 2010 08:26 AM ET
NEW YORK (Reuters) - U.S. stock index futures dipped on Thursday as nagging concerns about Greece's debt woes undercut a solid quarterly earnings report and stronger forecast from economic bellwether United Parcel Service Inc.

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Strong Chinese GDP growth backs tightening case
April 15, 2010 08:13 AM ET
BEIJING (Reuters) - China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation of when Beijing will loosen its grip on the yuan.

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Apache to buy Mariner for $2.7 billion
April 15, 2010 07:57 AM ET
(Reuters) - Apache Corp said it will acquire smaller oil and natural gas explorer Mariner Energy Inc for $2.7 billion, in a bid to extend its operations into deepwater Gulf of Mexico.

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Fortune 500 shed record 821,000 jobs in 2009
April 15, 2010 08:16 AM ET
NEW YORK (Reuters) - The Fortune 500 largest U.S. companies slashed a record 821,000 jobs last year, even as their collective profit soared more than three-fold to $391 billion, according to the business magazine, which issued the annual ranking on Thursday.

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Special Report: Sweethearts in crime
April 15, 2010 08:30 AM ET
NEW YORK (Reuters) - Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren't exactly hiding, either. But the former Greenwich, Connecticut, residents owe U.S. regulators nearly a half-million dollars in fines and restitution for their part in a five-year-old penny stock manipulation scheme.

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Capital One credit card defaults rise in March
April 15, 2010 06:26 AM ET
(Reuters) - Capital One Financial Corp's U.S. credit-card defaults rose in March in a sign that consumers may still be under stress.

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Leaders mull EU support tool, markets turn on Greece
April 15, 2010 06:56 AM ET
MADRID (Reuters) - Greece's aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers.

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Toyota to test all SUVs, suspends Lexus GX output
April 15, 2010 07:42 AM ET
TOKYO (Reuters) - Toyota Motor said on Thursday it would conduct safety tests on all its sport utility models after a report claiming that a handling problem in a new version Lexus put drivers at risk of rollover accidents.

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Lehman sets payouts to exit bankruptcy
April 15, 2010 07:43 AM ET
(Reuters) - Lehman Brothers Holdings Inc laid out a plan on Wednesday to repay creditors a portion of some $1 trillion in expected claims, under a proposal that could resolve the largest U.S. bankruptcy in history.

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Fujitsu sued for defamation by financial firm
April 15, 2010 07:24 AM ET
TOKYO (Reuters) - Senior executives of Fujitsu Ltd have been sued by financial advisers who say the technology services company defamed them by implying they had a connection to organized crime.

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Comments

  1. As many market fails in this time of bad economy, the European airlines weren't already in a debt survival struggle (and their American counterparts also) the ash cloud over Europe isn't really going to help matters much. It wasn't the result of successive bong malfunctions in Amsterdam, but the Iceland volcano eruption, which has grounded the bulk of European airlines. (It might send numerous people running for advances before long.) Volcanic eruptions can send huge volumes of ash and rock to the atmosphere – air travel was severely impeded in Alaska last year in the wake of eruptions of Mt. Redoubt.

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