Business Today: Futures negative as outlooks weigh

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Good Morning Robert, MON 17 May 2010 
 
Futures negative as outlooks weigh
Pru launches $21 billion cash call to back AIG unit bid
Markets punish euro, shares before EU talks
Astellas buys OSI Pharma for $4 billion in cancer push
Lowe's profit tops Street
China's growth passes peak and more tightening feared
Amex, Permira enter fray for RBS WorldPay: sources
Man Group to buy GLG in bid to kick-start growth
Apple's iPhone replaces BlackBerry for some bankers
Apollo in talks to buy Pactiv Corp: report


Futures negative as outlooks weigh
May 17, 2010 08:25 AM ET
NEW YORK (Reuters) - U.S. stock index futures turned negative on Monday on worries about the strength of the economic recovery as companies, including Lowes Cos Inc posted muted outlooks despite strong results.

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Pru launches $21 billion cash call to back AIG unit bid
May 17, 2010 08:37 AM ET
LONDON (Reuters) - British insurer Prudential unveiled its $21 billion cash call as it tries to put its takeover of AIG's Asian unit back on track, launching a charm offensive to woo wary shareholders.

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Markets punish euro, shares before EU talks
May 17, 2010 07:46 AM ET
BRUSSELS (Reuters) - The euro hit a four-year low on Monday on fears that austerity measures would stifle recovery, as European finance ministers prepared to discuss tighter regulation a week after launching a $1 trillion rescue plan.

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Astellas buys OSI Pharma for $4 billion in cancer push
May 17, 2010 07:52 AM ET
TOKYO (Reuters) - Astellas Pharma , Japan's No.2 drugmaker, agreed to buy U.S. biotech OSI Pharmaceuticals for $4 billion in cash in a sweetened bid that will add OSI's blockbuster cancer drug Tarceva to its line-up.

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Lowe's profit tops Street
May 17, 2010 08:21 AM ET
NEW YORK (Reuters) - No. 2 U.S. home improvement chain Lowe's Cos Inc gave a muted quarterly outlook despite posting stronger-than-expected results for the latest period, and its shares fell nearly 4 percent.

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China's growth passes peak and more tightening feared
May 17, 2010 06:06 AM ET
BEIJING (Reuters) - A Chinese leading economic indicator showed that growth may have already peaked in the world's third-largest economy, with the stock market falling on investor worries about the government's campaign to rein in property prices.

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Amex, Permira enter fray for RBS WorldPay: sources
May 17, 2010 06:17 AM ET
LONDON (Reuters) - American Express Co has teamed up with UK private equity firm Permira to bid for Royal Bank of Scotland's $4 billion payment processing arm, people familiar with the matter said on Monday.

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Man Group to buy GLG in bid to kick-start growth
May 17, 2010 05:21 AM ET
LONDON (Reuters) - Hedge fund firm Man Group PLC has agreed to buy rival GLG Partners for $1.6 billion as it seeks to boost its flagging growth while creating a new giant in an industry reshaping after the financial crisis.

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Apple's iPhone replaces BlackBerry for some bankers
May 17, 2010 08:35 AM ET
SINGAPORE/HONG KONG (Reuters) - British bank Standard Chartered is replacing the BlackBerry, currently its standard corporate communications device, with the iPhone, a move that could eventually result in thousands of bankers switching to the Apple device for business communication on the go.

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Apollo in talks to buy Pactiv Corp: report
May 17, 2010 08:20 AM ET
NEW YORK (Reuters) - Private equity firm Apollo Global Management is in talks to buy U.S. packaging maker Pactiv Corp in a leveraged deal, according to media reports.

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