Business Today: Futures off on Greece woes, retailers perk up

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Good Morning Robert, THU 08 Apr 2010 
 
Futures off on Greece woes, retailers perk up
BA seals long-awaited Iberia deal
Early Easter boosts March retail sales
Toyota exec warned on defect: "We need to come clean"
U.S. Air, United in merger talks
Greece plunges deeper into crisis, banks, euro hit
Banks scramble for role in $20 billion AgBank IPO
Yuan rises as speculation of policy shift grows
Bank of England holds interest rates, asset-buying
Fed officials warn on bubbles but Bernanke cautious


Futures off on Greece woes, retailers perk up
April 08, 2010 08:12 AM ET
NEW YORK (Reuters) - Stock index futures fell on Thursday, following global stocks lower, as persistent fears over Greece's public finances unsettled investors worried about sovereign debt defaults in Europe.

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BA seals long-awaited Iberia deal
April 08, 2010 08:01 AM ET
MADRID/LONDON (Reuters) - British Airways and Spain's Iberia signed an $8 billion merger to create the world's third-largest airline by revenue on Thursday, bringing a tie-up with American Airlines a step closer.

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Early Easter boosts March retail sales
April 08, 2010 07:57 AM ET
NEW YORK (Reuters) - A nascent pickup in consumer spending has expanded beyond discounters to teen clothing chains and other store chains, according to the first batch of March sales reports from U.S. retailers.

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Toyota exec warned on defect: "We need to come clean"
April 08, 2010 07:27 AM ET
TOKYO (Reuters) - A senior Toyota Motor Corp executive in the United States warned in a January email that the automaker needed to "come clean" on a safety defect that caused accelerator pedals to become stuck open.

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U.S. Air, United in merger talks
April 08, 2010 01:33 AM ET
NEW YORK (Reuters) - UAL Corp's United Airlines is in merger talks with US Airways in a deal that could create the second-largest carrier in the United States, two sources familiar with the matter said.

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Greece plunges deeper into crisis, banks, euro hit
April 08, 2010 07:58 AM ET
ATHENS (Reuters) - Markets pounded Greek bonds and banking stocks on Thursday, driving the debt-stricken euro zone member's borrowing costs to new highs and pushing it closer to tapping a last resort EU/IMF safety net.

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Banks scramble for role in $20 billion AgBank IPO
April 08, 2010 07:04 AM ET
HONG KONG (Reuters) - Six weeks after suffering a huge disappointment with the loss of AIA's massive IPO, equity capital markets bankers in this region received an unexpected present in their inboxes from one of China's largest banks.

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Yuan rises as speculation of policy shift grows
April 08, 2010 07:54 AM ET
BEIJING (Reuters) - The yuan and other Asian currencies rose sharply on Thursday as speculation intensified that China might soon unveil a long-awaited shift in its exchange-rate regime by revaluing its currency.

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Bank of England holds interest rates, asset-buying
April 08, 2010 07:59 AM ET
LONDON (Reuters) - The Bank of England kept interest rates at a record low of 0.5 percent for the 13th month running on Thursday and made no increase to its 200 billion pounds asset-buying scheme to boost the economy.

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Fed officials warn on bubbles but Bernanke cautious
April 07, 2010 05:48 PM ET
SANTA FE, New Mexico (Reuters) - Two top U.S. Federal Reserve officials warned about the risks to the economy from asset bubbles on Wednesday, and one suggested raising interest rates to halt risky behavior that could trigger another bust.

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