Business Today: Futures up on euro-zone talks and Home Depot results

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Good Morning Robert, TUE 18 May 2010 
 
Futures up on euro-zone talks and Home Depot results
Home Depot boosts outlook after strong spring
Fidelity National says buyout talks end
U.S. to probe spill as BP says more oil contained
Greece gets $17.9 billion EU aid, to repay bond
SEC, exchanges mull tight circuit breakers: sources
German business sees Europe bailout stifling growth
Waddell & Reed says not cause of May 6 flash crash
Australia should also probe Goldman: SEC informant
Oil rebounds from five-month low


Futures up on euro-zone talks and Home Depot results
May 18, 2010 08:10 AM ET
NEW YORK (Reuters) - Stock futures rose on Tuesday as euro-zone finance ministers worked to iron out wrinkles in a 750 billion euro ($925 billion) bailout plan and Home Depot posted solid earnings.

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Home Depot boosts outlook after strong spring
May 18, 2010 08:15 AM ET
NEW YORK (Reuters) - Home Depot Inc reported a better-than-expected quarterly profit and boosted its earnings forecast for the year after it saw strong demand for gardening products and energy-efficient appliances.

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Fidelity National says buyout talks end
May 18, 2010 08:15 AM ET
(Reuters) - Fidelity National Information Services Inc confirmed that talks regarding the sale of the company have ended, and the payment processor will now go for a leveraged recapitalization with a substantial share buyback.

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U.S. to probe spill as BP says more oil contained
May 18, 2010 07:56 AM ET
HOUSTON/COCODRIE, Louisiana (Reuters) - Energy giant BP said on Tuesday it was now able to siphon off about 40 percent of the oil gushing from a ruptured well in the Gulf of Mexico but has not been able to stop the leak, as President Barack Obama is to create a commission to probe the spill.

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Greece gets $17.9 billion EU aid, to repay bond
May 18, 2010 08:03 AM ET
ATHENS (Reuters) - Greece received a 14.5-billion euro ($17.9 billion) emergency loan from the European Union on Tuesday and will use some of the money to fully repay an 8.5-billion euro bond maturing the next day, officials said.

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SEC, exchanges mull tight circuit breakers: sources
May 18, 2010 01:52 AM ET
NEW YORK/WASHINGTON (Reuters) - U.S. regulators and exchanges are considering market-wide circuit breakers that would temporarily stop trading when it falls five percent, two sources familiar with the talks said on Monday.

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German business sees Europe bailout stifling growth
May 18, 2010 07:59 AM ET
MANNHEIM, Germany (Reuters) - German investor sentiment fell sharply in May on concern growth will be stifled by a 750-billion-euro ($930 billion) rescue package designed to calm market fears of a wave of Greek-style debt crises.

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Waddell & Reed says not cause of May 6 flash crash
May 17, 2010 06:12 PM ET
OVERLAND PARK, Kan (Reuters) - U.S. money manager Waddell & Reed Financial Inc said an internal analysis of trading activity indicates it was not the cause of the "flash crash" that briefly wiped out $1 trillion in market capital earlier this month.

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Australia should also probe Goldman: SEC informant
May 17, 2010 08:35 PM ET
MELBOURNE (Reuters) - An informant for U.S. regulators probing fraud claims against Goldman Sachs has urged Australia's markets watchdog to also investigate the U.S. bank, a newspaper said on Tuesday.

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Oil rebounds from five-month low
May 18, 2010 07:46 AM ET
LONDON (Reuters) - Oil struggled to rise more than a dollar to above $71 a barrel on Tuesday, recovering from a five-month low the previous session, but high inventory levels and the strength of the dollar were expected to limit gains.

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