Business Today: Stock futures rise as euro resumes climb

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Good Morning Robert, TUE 15 Jun 2010 
 
Stock futures rise as euro resumes climb
News Corp seeks to reel in BSkyB, rebuffed for now
Credit raters could catch a break in Wall St bill
BP to face isolation from peers at Congress hearings
EU commissioner attacks Moodys on Greek downgrade
Fed's Bullard says U.S. economy won't double dip
Nestle sues Sara Lee over Nespresso patent
Fed will take its time before exit: SF Fed paper
Mary Schapiro says SEC must grow to keep up with demand
Hershey to trim 5 percent jobs in $300 million overhaul


Stock futures rise as euro resumes climb
June 15, 2010 08:10 AM ET
NEW YORK (Reuters) - Stock index futures rose on Tuesday along with the euro as strong demand at debt auctions eased concerns about euro zone fiscal problems.

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News Corp seeks to reel in BSkyB, rebuffed for now
June 15, 2010 08:26 AM ET
LONDON (Reuters) - Rupert Murdoch's News Corp is proposing to pay $12 billion to take control of British satellite broadcaster BSkyB as it seeks to generate steadier earnings and make better use of its cash pile.

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Credit raters could catch a break in Wall St bill
June 15, 2010 08:11 AM ET
WASHINGTON (Reuters) - Embattled credit-rating agencies like Moody's Corp and Standard & Poor's could catch a break on Tuesday when U.S. lawmakers sit down to craft a final rewrite of financial regulations.

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BP to face isolation from peers at Congress hearings
June 14, 2010 03:05 PM ET
WASHINGTON (Reuters) - Top competitors are expected to distance themselves from BP Plc on Tuesday as normally clubby oil industry executives gather for a Capitol Hill grilling on the worst oil spill in U.S. history.

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EU commissioner attacks Moodys on Greek downgrade
June 15, 2010 07:12 AM ET
STRASBOURG, France (Reuters) - Moody's decision to downgrade Greek debt was ill-advised and ill-timed, European Economic and Monetary Affairs Commissioner Olli Rehn said on Tuesday, adding that it cast fresh doubt on ratings agencies.

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Fed's Bullard says U.S. economy won't double dip
June 15, 2010 08:16 AM ET
HONG KONG (Reuters) - The U.S. economy will not slide into a double dip and inflation risks linger in the medium term, St. Louis Federal Reserve Bank President James Bullard said on Tuesday.

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Nestle sues Sara Lee over Nespresso patent
June 15, 2010 07:21 AM ET
ZURICH (Reuters) - Nestle is suing U.S. food group Sara Lee in France for patent infringement of its Nespresso coffee system, the Swiss company said on Tuesday, aiming to protect its top-selling product.

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Fed will take its time before exit: SF Fed paper
June 14, 2010 01:06 PM ET
WASHINGTON (Reuters) - The U.S. Federal Reserve's exit from its ultra-low interest rate policy will take a "significant period" of time, a San Francisco Fed economist said in a paper published on Monday.

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Mary Schapiro says SEC must grow to keep up with demand
June 14, 2010 10:52 PM ET
NEW YORK (Reuters) - The Securities and Exchange Commission needs to continue to grow to meet demand for more regulation on things like ratings agencies, derivatives, and swaps, Chairman Mary Schapiro said on Monday.

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Hershey to trim 5 percent jobs in $300 million overhaul
June 14, 2010 06:57 PM ET
LOS ANGELES (Reuters) - Hershey Co plans to cut 500 to 600 jobs, or up to 5 percent of its workforce, as part of a restructuring aimed at upgrading and enlarging its facilities to compete globally and save some $60 million to $80 milllion in annual costs.

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