Business Today: BP in talks with Apache and others on assets: source

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Good Morning Robert, MON 12 Jul 2010 
 
BP in talks with Apache and others on assets: source
Futures down after strong week, ahead of Alcoa
Aon Corp to buy Hewitt for about $4.9 billion
UniCredit in talks on 20 billion euro bank rescue fund
Lawsuit against Apple, AT&T can remain as class action: report
Asia faces risks from rising capital flows: IMF
Blackstone to manage BofA's Asia property fund: sources
Circor unit files for bankruptcy over asbestos claims
Profit surprises seen for companies tied to oil spill
Stocks, at crossroads, turn to earnings


BP in talks with Apache and others on assets: source
July 12, 2010 01:28 AM ET
NEW YORK/LONDON (Reuters) - Under-pressure BP Plc is in talks with U.S. oil and gas company Apache Corp and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill.

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Futures down after strong week, ahead of Alcoa
July 12, 2010 07:57 AM ET
NEW YORK (Reuters) - U.S. stock index futures were down on Monday, following the S&P's best week in a year and as investors awaited the unofficial start of earnings season with Alcoa Inc's results later in the day.

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Aon Corp to buy Hewitt for about $4.9 billion
July 12, 2010 07:56 AM ET
(Reuters) - Aon Corp , the world's largest insurance brokerage, said it will acquire human-resource service company Hewitt Associates Inc for about $4.9 billion in cash and stock to beef up its consulting business.

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UniCredit in talks on 20 billion euro bank rescue fund
July 12, 2010 08:07 AM ET
MILAN (Reuters) - Some of Europe's biggest banks are in talks over a proposal by Italy's UniCredit SpA to create a 20 billion euros ($25.2 billion) private sector fund to help failing lenders, a source close to the issue said on Monday.

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Lawsuit against Apple, AT&T can remain as class action: report
July 12, 2010 07:25 AM ET
(Reuters) - A monopoly abuse lawsuit against Apple Inc and AT&T Inc's mobile-phone unit can continue as a class action against the two companies, the Associated Press reported, citing a federal judge.

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Asia faces risks from rising capital flows: IMF
July 12, 2010 07:28 AM ET
DAEJEON, South Korea (Reuters) - Asia has emerged as a global economic powerhouse but is now faced with policy challenges from rising capital inflows, the International Monetary Fund chief said on Monday.

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Blackstone to manage BofA's Asia property fund: sources
July 12, 2010 07:26 AM ET
NEW YORK/SINGAPORE (Reuters) - Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters.

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Circor unit files for bankruptcy over asbestos claims
July 12, 2010 08:24 AM ET
(Reuters) - Industrial machinery maker Circor International's subsidiary Leslie Controls Inc filed for Chapter 11 bankruptcy on Monday in a bid to isolate and resolve asbestos-related personal injury claims.

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Profit surprises seen for companies tied to oil spill
July 12, 2010 08:32 AM ET
NEW YORK (Reuters) - Surprises may be in store this earnings season for U.S. companies tied to BP Plc's oil spill, according to an analysis that emphasizes equity analysts' past accuracy.

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Stocks, at crossroads, turn to earnings
July 11, 2010 11:23 AM ET
NEW YORK (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning this week could give an edge to the bulls.

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