Business Today: Stock futures slip after strong 3Q; data in focus



Reuters

Good Morning Robert, THU 01 Oct 2009 

today's headlines

Stock futures slip after strong 3Q; data in focus
BofA CEO Lewis out by year's end, search on for successor
Cisco to buy video firm Tandberg for $3 billion
IMF raises U.S. GDP forecast, warns on debt
Comcast denies it has deal to buy NBC Universal
UK fraud office aims to prosecute BAE Systems
Citi closes sale of Nikko Cordial to SMFG
Oil falls below $70 after near $4 jump
CIT collapse would be a mess, turnaround pros say
GM to close Saturn as sale to Penske collapses
 

today's videos

REUTERS VIDEO:Honda in black but yen key REUTERS VIDEO:The Italian Job lottery REUTERS VIDEO:Starbucks' latest jolt

more details

Stock futures slip after strong 3Q; data in focus
October 01, 2009 08:21 AM ET
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday, with investors consolidating gains after a strong quarter, and as a raft of economic data was due that could offer clues about the tone of economic recovery.

Full Article
BofA CEO Lewis out by year's end, search on for successor
October 01, 2009 08:28 AM ET
NEW YORK (Reuters) - Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.

Full Article
Cisco to buy video firm Tandberg for $3 billion
October 01, 2009 07:52 AM ET
LONDON/OSLO (Reuters) - Cisco has agreed to buy Norwegian videoconferencing company Tandberg for $3 billion, the latest in a series of bets taken on using video to drive demand for its core data transmission gear.

Full Article
IMF raises U.S. GDP forecast, warns on debt
October 01, 2009 08:28 AM ET
WASHINGTON (Reuters) - The U.S. economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said on Thursday.

Full Article
Comcast denies it has deal to buy NBC Universal
October 01, 2009 07:51 AM ET
NEW YORK/PARIS (Reuters) - Comcast Corp, the largest U.S. cable service provider, denied a Web report on Wednesday that it had struck a deal to buy media conglomerate NBC Universal for $35 billion.

Full Article
UK fraud office aims to prosecute BAE Systems
October 01, 2009 07:21 AM ET
LONDON (Reuters) - Britain's Serious Fraud Office wants to prosecute Europe's biggest defense contractor, BAE Systems, for corruption and bribery, and lawyers said big fines were possible, though securing a conviction would be difficult.

Full Article
Citi closes sale of Nikko Cordial to SMFG
September 30, 2009 10:12 PM ET
NEW YORK (Reuters) - Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank's plans to shed non-core assets.

Full Article
Oil falls below $70 after near $4 jump
October 01, 2009 06:41 AM ET
LONDON (Reuters) - Oil fell below $70 on Thursday, pulling back after the biggest daily jump since April as ballooning distillate stocks doused positive sentiment and revived the view that oil prices may have run ahead of demand.

Full Article
CIT collapse would be a mess, turnaround pros say
October 01, 2009 06:22 AM ET
NEW YORK (Reuters) - If struggling U.S. commercial lender CIT Group Inc were to collapse it would be a "drastic mistake" as the small businesses that rely on it would have few alternate sources of funding, turnaround experts said at the Reuters Restructuring Summit this week.

Full Article
GM to close Saturn as sale to Penske collapses
September 30, 2009 08:58 PM ET
DETROIT (Reuters) - General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.

Full Article
 
 











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