Business Today: Stock futures rise ahead of sentiment, income data

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Good Morning Robert, FRI 28 May 2010 
 
Stock futures rise ahead of sentiment, income data
UK's Pru wants to pay less to save AIA deal
Consumer spending unexpectedly flat in April
Shell pays $4.7 billion for strategic natgas play
BP's spill costs hit $930 million
Ford weighs plan to drop Mercury brand: source
Storm over J&J's child drug recall only grows
Accused adviser to wealthy hid from U.S.
Treasury vows fight for strong financial reforms
CVS overcharged some prescription care customers: report


Stock futures rise ahead of sentiment, income data
May 28, 2010 08:05 AM ET
NEW YORK (Reuters) - Stock index futures rose on Friday ahead of data on business conditions and consumer sentiment as investors steered toward a three-day holiday weekend.

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UK's Pru wants to pay less to save AIA deal
May 28, 2010 08:25 AM ET
LONDON (Reuters) - Prudential is trying to salvage its $35.5 billion bid to buy AIG's Asian life insurance unit by negotiating a price cut in a last-ditch attempt to prevent the deal from collapsing.

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Consumer spending unexpectedly flat in April
May 28, 2010 08:33 AM ET
WASHINGTON (Reuters) - Consumer spending was unexpectedly flat in April, but real disposable incomes recorded their biggest increase in nearly a year as the labor market improved and inflation remained muted, a government report showed on Friday.

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Shell pays $4.7 billion for strategic natgas play
May 28, 2010 07:59 AM ET
AMSTERDAM (Reuters) - Royal Dutch Shell said it would pay $4.7 billion cash to buy privately held East Resources Inc, giving it substantially more exposure to crucial shale gas plays in North America.

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BP's spill costs hit $930 million
May 28, 2010 05:17 AM ET
LONDON (Reuters) - BP Plc still does not know whether its "top kill" operation designed to plug the biggest oil spill in United States history will be successful and puts the cost of tackling the disaster so far at $930 million.

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Ford weighs plan to drop Mercury brand: source
May 27, 2010 10:12 PM ET
DETROIT (Reuters) - Ford Motor Co is considering a plan to drop Mercury, a brand developed in the 1930s that has seen sales and investment plunge in recent years, a person familiar with the discussions said.

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Storm over J&J's child drug recall only grows
May 27, 2010 04:56 PM ET
WASHINGTON (Reuters) - Johnson & Johnson <JNJ.N was blasted by lawmakers on Thursday for its massive recall of children's medicines, as regulators said a string of recent manufacturing lapses could lead to civil or criminal charges.

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Accused adviser to wealthy hid from U.S.
May 27, 2010 10:00 PM ET
NEW YORK (Reuters) - Kenneth Starr, an investment adviser to celebrities and other wealthy New Yorkers, was coaxed from a darkened suit closet by U.S. agents at his apartment on Thursday to face charges of running a fraud of at least $30 million, prosecutors said.

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Treasury vows fight for strong financial reforms
May 27, 2010 03:30 PM ET
BALTIMORE (Reuters) - The Treasury's number two official vowed on Thursday to fight efforts to weaken the U.S. financial reform bill and said it should include the so-called "Volcker rule" which would separate banking from proprietary trading.

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CVS overcharged some prescription care customers: report
May 27, 2010 11:14 PM ET
NEW YORK (Reuters) - CVS Caremark Corp has been charging some customers of its SilverScript Medicare prescription-drug programs higher prices than they were promised when they signed up for the plans in late 2009, the Wall Street Journal reported.

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