Business Today: Stock futures rise on signs of Greek debt progress

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Good Morning Robert, TUE 02 Mar 2010 
 
Stock futures rise on signs of Greek debt progress
Hyundai feeds on Toyota woes as GM recalls 1.3 million cars
Staples net falls, shares drop
CF relaunches bid for Terra, tops Yara offer
Judge could tip General Growth future
Greece must make more cuts, size not yet clear: EU
Toyota quality changes to focus sharply on safety
Canon says still short of target in Oce bid
GM triples Opel financing, cuts state aid request
Fed's No. 2 to depart


Stock futures rise on signs of Greek debt progress
March 02, 2010 08:06 AM ET
NEW YORK (Reuters) - Stock index futures rose on Tuesday, a day after the S&P 500 moved into positive territory for 2010, as Greece appeared to be making progress toward a resolution on aid from the European Union.

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Hyundai feeds on Toyota woes as GM recalls 1.3 million cars
March 02, 2010 07:48 AM ET
SEOUL/DETROIT (Reuters) - South Korea's Hyundai Motor Co announced a sharp rise in February sales, benefiting from recall woes at rival Toyota Motor Co, which planned aggressive incentives to win back U.S. customers.

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Staples net falls, shares drop
March 02, 2010 08:10 AM ET
NEW YORK (Reuters) - Staples Inc reported lower-than-expected quarterly profit on weak demand for big-ticket items, and forecast full-year earnings well below analysts' expectations, sending its shares down 7 percent.

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CF relaunches bid for Terra, tops Yara offer
March 02, 2010 08:24 AM ET
NEW YORK (Reuters) - Fertilizer maker CF Industries Holdings Inc relaunched a hostile bid worth $4.75 billion to buy rival Terra Industries in a move to break up Terra's planned takeover by Norway's Yara International .

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Judge could tip General Growth future
March 02, 2010 07:03 AM ET
NEW YORK (Reuters) - The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.

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Greece must make more cuts, size not yet clear: EU
March 02, 2010 08:08 AM ET
BRUSSELS (Reuters) - Greece must take additional measures to reach its deficit-cut target of 4 percent of GDP in 2010 but it is not yet clear how far short Athens is with steps announced so far, the European Commission said on Tuesday.

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Toyota quality changes to focus sharply on safety
March 02, 2010 08:07 AM ET
WASHINGTON (Reuters) - Toyota Motor Corp executives in North America will have more authority over recall decision-making under quality control changes that will also give safety a sharper focus in vehicle design, company officials said on Tuesday.

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Canon says still short of target in Oce bid
March 02, 2010 04:11 AM ET
TOKYO/AMSTERDAM (Reuters) - Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent.

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GM triples Opel financing, cuts state aid request
March 02, 2010 05:22 AM ET
FRANKFURT (Reuters) - General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor.

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Fed's No. 2 to depart
March 01, 2010 09:04 PM ET
WASHINGTON (Reuters) - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama more scope to reshape the institution.

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