Business Today: Futures pointing to losses after sharp rally

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Good Morning Robert, TUE 11 May 2010 
 
Futures pointing to losses after sharp rally
Global stock rally runs out of steam on EU plan doubts
Toyota makes profit, sees "ray of sunshine" in storm
Germany backs euro package as markets sober up
Exchange execs to address Congress panel on sell-off
Lacker: Fed must not wait too long to raise rates
Travel firms count cost of volcanic ash disruption
Fed's Kohn: Economic rebalancing prevents turmoil
U.S. says ABN turned "blind eye" to evade sanctions
Global ad industry grapples with new spending trends


Futures pointing to losses after sharp rally
May 11, 2010 07:51 AM ET
NEW YORK (Reuters) - U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.

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Global stock rally runs out of steam on EU plan doubts
May 11, 2010 07:55 AM ET
PARIS (Reuters) - The euro fell on Tuesday and stocks retreated as a relief rally ignited by a $1 trillion plan to contain Greece's debt crisis ran out of steam, while doubts on how the country will cut its budget deficit persisted.

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Toyota makes profit, sees "ray of sunshine" in storm
May 11, 2010 07:53 AM ET
TOKYO (Reuters) - Toyota Motor Corp forecast a slower-than-expected recovery in earnings this year as a stronger yen and Europe's debt problems hamper efforts to undo the damage from the worst recall crisis in its history.

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Germany backs euro package as markets sober up
May 11, 2010 08:09 AM ET
BERLIN/LONDON (Reuters) - Germany's cabinet approved the biggest national contribution to a $1 trillion emergency rescue package intended to stabilize the euro as global markets sobered up after Monday's euphoria.

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Exchange execs to address Congress panel on sell-off
May 11, 2010 08:33 AM ET
WASHINGTON (Reuters) - Senior executives from NYSE Euronext, Nasdaq OMX Group Inc and CME Group Inc will testify to a congressional panel on Tuesday on last week's shock sell-off in the stock markets, according to a witness list obtained by Reuters.

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Lacker: Fed must not wait too long to raise rates
May 11, 2010 08:32 AM ET
GREENSBORO, North Carolina (Reuters) - U.S. policy-makers must not wait too long to raise interest rates with inflation unlikely to stay at low levels as the economic recovery picks up steam, a top Federal Reserve official said on Tuesday.

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Travel firms count cost of volcanic ash disruption
May 11, 2010 07:49 AM ET
LONDON (Reuters) - Europe's travel industry is counting the cost of air traffic disruption caused by a volcanic ash cloud which forced thousands of flights to be canceled and is braced for more stoppages this month.

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Fed's Kohn: Economic rebalancing prevents turmoil
May 11, 2010 06:25 AM ET
WASHINGTON (Reuters) - A top Federal Reserve official warned on Tuesday that economies around the world must further rebalance their inward and outward capital flows to prevent a repeat of the damaging crisis of 2007-2008.

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U.S. says ABN turned "blind eye" to evade sanctions
May 11, 2010 07:32 AM ET
LONDON (Reuters) - U.S. prosecutors have accused ABN Amro, now largely part of Royal Bank of Scotland , of turning a "blind eye" to U.S. laws, using special procedures to bypass U.S. sanctions against Cuba, Iran and other countries.

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Global ad industry grapples with new spending trends
May 11, 2010 06:54 AM ET
LONDON (Reuters) - Some of the world's top advertising and marketing chiefs will meet in Moscow this week to exchange ideas on the best ways for the $450 billion industry to capitalize on a still fragile economic recovery.

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