Business Today: Stock futures rise after China data, Tuesday climb

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Good Morning Robert, WED 09 Jun 2010 
 
Stock futures rise after China data, Tuesday climb
BP shares and CDS hurt by dividend concern: traders
Fed officials send conflicting signals on rates
Santander pays BofA $2.5 billion for Mexican unit stake
Germany, France urge EU to eye short selling ban
Allscripts buys rival Eclipsys in $1.3 billion deal
Labor strife spreads to 3rd Honda supplier in China
Hitachi says still expects to win big UK train deal
Amid gloom, some bulls roam Wall Street
Exports fuel Hungary and Czech GDP


Stock futures rise after China data, Tuesday climb
June 09, 2010 08:26 AM ET
NEW YORK (Reuters) - Stock index futures rose on Wednesday as Wall Street looked to build on gains in the previous session after unofficial data showed Chinese exports blew past expectations, easing concerns about a global recovery.

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BP shares and CDS hurt by dividend concern: traders
June 09, 2010 05:45 AM ET
LONDON (Reuters) - Shares in British oil company BP fell 4.9 percent on Wednesday on concern over its dividend payment, as it continued battling to contain an oil spill in the Gulf of Mexico.

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Fed officials send conflicting signals on rates
June 09, 2010 07:40 AM ET
CHICAGO/KANSAS CITY (Reuters) - Two top Federal Reserve officials on Tuesday offered opposing signals on the direction of interest rates, highlighting an increasingly salient split within the central bank.

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Santander pays BofA $2.5 billion for Mexican unit stake
June 09, 2010 08:28 AM ET
MADRID (Reuters) - Banco Santander said it was to pay $2.5 billion for the 24.9 percent of Santander Mexico it does not own, showing the Spanish bank's expansion ambitions have not been dampened by a raft of buys in the past 18 months.

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Germany, France urge EU to eye short selling ban
June 09, 2010 08:35 AM ET
BERLIN (Reuters) - The European Commission welcomed German and French calls for new measures to clamp down on speculators in government debt on Wednesday but the likelihood of a bloc-wide ban still appears remote.

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Allscripts buys rival Eclipsys in $1.3 billion deal
June 09, 2010 08:35 AM ET
LONDON (Reuters) - U.S. healthcare IT firm Allscripts said Wednesday it was to buy rival Eclipsys in a $1.3 billion all-share deal, creating a leader in electronic healthcare records.

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Labor strife spreads to 3rd Honda supplier in China
June 09, 2010 07:24 AM ET
TOKYO/FOSHAN, China (Reuters) - A third strike in four weeks hit Honda Motor Co's Chinese suppliers on Wednesday, fuelling concerns that unrest among workers in the world's manufacturing hub is spreading.

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Hitachi says still expects to win big UK train deal
June 09, 2010 03:35 AM ET
TOKYO (Reuters) - Japan's Hitachi Ltd said on Wednesday it still expects to win an order for a large train project in Britain, but it acknowledged that some modifications to the $11 billion deal were likely.

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Amid gloom, some bulls roam Wall Street
June 09, 2010 08:26 AM ET
NEW YORK (Reuters) - Wall Street investment strategists are buckling up for a bumpy ride and keeping a wary eye on Europe, but there are some stock market bulls who expect their forecasts for the U.S. stock market to be vindicated.

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Exports fuel Hungary and Czech GDP
June 09, 2010 06:57 AM ET
PRAGUE (Reuters) - Exports and a slight pickup in domestic demand fueled growth in Hungary and the Czech Republic in the first quarter, though analysts said fiscal tightening in the euro zone will slow the pace of recovery later this year.

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