Business Today: Futures pare gains ahead of payrolls report

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Good Morning Robert, FRI 07 May 2010    Futures pare gains ahead of payrolls report AIG posts quarterly profit on investment income General Growth expected to back Brookfield offer U.S. payrolls seen up in April, jobless rate steady Contagion fears go global Goldman Sachs in settlement talks with SEC: report Nasdaq names stocks with cancelled trades Swiss econ min optimistic UBS deal will be passed AIG axes Goldman as its main corporate adviser: report UK's RBS beats expectations with return to profit UK's RBS back in profit Markets watch UK polls Business Update: Euro drops in Asia Futures pare gains ahead of payrolls report May 07, 2010 08:18 AM ET NEW YORK (Reuters) - U.S. stock index futures pared gains on Friday ahead of the U.S. government's April payrolls report, as nervous investors braced for volatility in the markets following Thursday's dramatic intraday bounce in shares. Full Article AIG posts quarterly profit on investment income May 07, 2010 08:15 AM ET NEW YORK (Reuters) - American International Group Inc posted a first-quarter profit as the bailed-out insurer got a boost from its investments, but core insurance operations were weak. Full Article General Growth expected to back Brookfield offer May 07, 2010 07:50 AM ET NEW YORK (Reuters) - General Growth Properties Inc is expected to ask a bankruptcy court on Friday to approve an investment led by Brookfield Asset Management Inc , after reducing a warrants package by 14 percent, a source familiar with the situation said. Full Article U.S. payrolls seen up in April, jobless rate steady May 07, 2010 12:44 AM ET WASHINGTON (Reuters) - U.S. nonfarm payrolls likely grew for a second month in April as the government's census hiring picked up and private employment rose modestly, signs a gradual labor market recovery is building. Full Article Contagion fears go global May 07, 2010 07:48 AM ET ATHENS/LONDON (Reuters) - Stocks worldwide plunged as concerns about Greece's debt crisis went global, with investors seeing it as an omen of turmoil in other European economies and governments struggling to calm markets. Full Article Goldman Sachs in settlement talks with SEC: report May 07, 2010 07:17 AM ET (Reuters) - Goldman Sachs Group Inc's lawyers are in talks with representatives of the U.S. Securities and Exchange Commission to settle the fraud charges brought against it by the regulator, the Wall Street Journal said, citing people familiar with the situation. Full Article Nasdaq names stocks with cancelled trades May 07, 2010 08:03 AM ET HONG KONG/NEW YORK (Reuters) - Stock exchange operator Nasdaq OMX Group Inc issued the names of hundreds of stocks for which it is canceling trades following Thursday's sudden stock market plunge. Full Article Swiss econ min optimistic UBS deal will be passed May 07, 2010 07:54 AM ET ST. GALLEN, Switzerland (Reuters) - Switzerland's economy minister said on Friday she believed parliament would back a crucial deal to pass on data of U.S. clients of UBS to U.S. tax authorities. Full Article AIG axes Goldman as its main corporate adviser: report May 07, 2010 12:46 AM ET (Reuters) - American International Group has replaced Goldman Sachs as its main corporate adviser with Citigroup and Bank of America Corp , the New York Times said, citing three people with knowledge of the matter. Full Article UK's RBS beats expectations with return to profit May 07, 2010 06:45 AM ET LONDON (Reuters) - Royal Bank of Scotland beat expectations with a return to profit in the first quarter as bad debts continued to shrink, even as investment banking earnings more than halved from its strong start to last year. Full Article

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