Business Today: Futures add to losses after ADP data

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Good Morning Robert, WED 31 Mar 2010 
 
Futures add to losses after ADP data
Private sector sheds 23,000 jobs in March
Rite Aid loss, forecast worse than expected
Macarthur Coal rejects Peabody $3 billion bid
U.S. rebound on good footing: Fed's Fisher
EU clears aid for Anglo Irish, opens in-depth probe
Global investors cut stocks, emerging markets: poll
Bank of Ireland looks beyond "bad bank," recession
AIG lawsuit alleging missed "red flags" dismissed
Home loan demand up as purchase activity gains


Futures add to losses after ADP data
March 31, 2010 08:26 AM ET
NEW YORK (Reuters) - Stock index futures extended losses on Wednesday after the ADP private-sector jobs report showed more job losses than expected.

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Private sector sheds 23,000 jobs in March
March 31, 2010 08:27 AM ET
NEW YORK (Reuters) - U.S. private employers shed 23,000 jobs in March, missing expectations for an increase in jobs although fewer than the adjusted 24,000 jobs lost in February, a report by a private employment service said on Wednesday.

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Rite Aid loss, forecast worse than expected
March 31, 2010 07:55 AM ET
NEW YORK (Reuters) - Rite Aid Corp posted a worse-than-expected quarterly loss on weak sales from a mild winter cold and flu season, and lower profits on generic drugs and reimbursement rates. It was the drugstore chain's 11th straight quarterly loss.

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Macarthur Coal rejects Peabody $3 billion bid
March 31, 2010 04:19 AM ET
MELBOURNE (Reuters) - Australia's Macarthur Coal rejected a $3 billion bid from U.S. miner Peabody Energy, saying it undervalued the growth prospects of a company which controls a third of the world's supply of a cleaner coal coveted by steelmakers.

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U.S. rebound on good footing: Fed's Fisher
March 31, 2010 05:17 AM ET
TUCSON, Arizona (Reuters) - The U.S. economic recovery is gathering speed as business activity picks up pace, despite lingering weakness in employment, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.

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EU clears aid for Anglo Irish, opens in-depth probe
March 31, 2010 08:13 AM ET
BRUSSELS (Reuters) - European Union regulators gave Ireland provisional approval on Wednesday to provide an emergency recapitalization worth up to 10.44 billion euros ($14 billion) to Anglo Irish Bank .

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Global investors cut stocks, emerging markets: poll
March 31, 2010 08:09 AM ET
LONDON (Reuters) - Investors cut back on equities and lifted exposure to bonds in March, signaling a degree of caution about coming months as world stocks headed for their fourth quarterly rise.

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Bank of Ireland looks beyond "bad bank," recession
March 31, 2010 06:07 AM ET
DUBLIN (Reuters) - Bank of Ireland is to raise private capital, potentially becoming the only member of an Irish "bad bank" scheme to escape a fresh bailout, as Dublin faces years of scrimping to plug the black hole created by the sector.

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AIG lawsuit alleging missed "red flags" dismissed
March 31, 2010 08:14 AM ET
NEW YORK (Reuters) - A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc executives and directors of ignoring "red flags," leading to the insurer's near collapse and about $180 billion of federal bailouts.

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Home loan demand up as purchase activity gains
March 31, 2010 07:48 AM ET
NEW YORK (Reuters) - U.S. mortgage applications rose in the latest week for the first time in three weeks as demand for home purchase loans reached the highest level since October, data from an industry group showed on Wednesday.

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