Business Today: Stock futures drop on renewed euro zone concerns

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Good Morning Robert, TUE 29 Jun 2010 
 
Stock futures drop on renewed euro zone concerns
Delay looms as Wall St bill seen "too big to fail"
Court strikes down part of Sarbanes-Oxley law
Strikes hit Greece and Spain as ECB deadline looms
Special Report: How some textile mills sidestepped Armageddon
IMF grants third tranche of $2.6 billion Sri Lanka loan
Barnes & Noble loss grows
EU firms wary of unpredictable China rules: survey
Consumer spending up, savings at 8-month high
U.S. slaps duties on electric blankets from China


Stock futures drop on renewed euro zone concerns
June 29, 2010 07:56 AM ET
NEW YORK (Reuters) - Stock index futures fell sharply on Tuesday on fresh concerns over fiscal problems in the euro zone ahead of bank repayments to the European Central Bank this week.

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Delay looms as Wall St bill seen "too big to fail"
June 29, 2010 01:10 AM ET
WASHINGTON (Reuters) - Political momentum was expected to carry a sweeping Wall Street reform bill to approval in the U.S. Congress, but the death of Senator Robert Byrd threatened to delay final action until mid-July.

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Court strikes down part of Sarbanes-Oxley law
June 29, 2010 03:54 AM ET
WASHINGTON (Reuters) - The Supreme Court on Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies' auditors violated the Constitution.

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Strikes hit Greece and Spain as ECB deadline looms
June 29, 2010 07:19 AM ET
ATHENS/FRANKFURT (Reuters) - Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection.

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Special Report: How some textile mills sidestepped Armageddon
June 29, 2010 01:58 AM ET
WALNUT COVE, North Carolina (Reuters) - To get an idea of how some U.S. textile mills can compete with developing-world rivals who pay far lower wages, roll a bowling ball down one of the production lines at Parkdale Mills' Walnut Cove yarn plant.

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IMF grants third tranche of $2.6 billion Sri Lanka loan
June 28, 2010 11:23 PM ET
COLOMBO (Reuters) - The International Monetary Fund will pay out the delayed third tranche of a $2.6 billion loan to Sri Lanka, saying the government was planning to tackle its weak finances in the 2010 budget to be announced on Tuesday.

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Barnes & Noble loss grows
June 28, 2010 09:07 PM ET
NEW YORK (Reuters) - Barnes & Noble Inc reported a larger quarterly loss as it invested in its "Nook" electronic reader and e-books, and forecast a loss for its first quarter.

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EU firms wary of unpredictable China rules: survey
June 28, 2010 11:09 PM ET
BEIJING (Reuters) - European firms remain optimistic about China's economic growth prospects, but are less confident about the near-term outlook for profits and are very concerned about regulatory unpredictability, according to a survey.

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Consumer spending up, savings at 8-month high
June 28, 2010 05:00 PM ET
WASHINGTON (Reuters) - U.S. consumer spending rose moderately in May, even as savings touched the highest level in eight months, indicating a tepid economic recovery was still intact.

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U.S. slaps duties on electric blankets from China
June 28, 2010 06:39 PM ET
WASHINGTON (Reuters) - The United States has slapped final duties ranging up to almost 175 percent on about $56 million of electric blankets from China because of unfair pricing, the U.S. Commerce Department said on Monday.

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