Business Today: Asian factory data, euro zone fears sink stock futures

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Good Morning Robert, TUE 01 Jun 2010 
 
Asian factory data, euro zone fears sink stock futures
Prudential deal near collapse as AIG snubs lower offer
Spill wipes $23 billion off BP
Covidien to buy ev3 for $2.6 billion in vascular deal
Google phases out Microsoft Windows use: report
Boeing gets plane order from Russia state firm
ECB warns of more bank loan losses
Dubai Holding unit mulls asset sales after 2009 loss
Honda China production still out after strike and clashes
China economy slows on tightening and seasonal factors


Asian factory data, euro zone fears sink stock futures
June 01, 2010 08:00 AM ET
NEW YORK (Reuters) - Stock index futures indicated a drop of more than 1 percent at the open on Tuesday as a slowdown in Asian manufacturing added to doubts about the pace of an economic recovery.

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Prudential deal near collapse as AIG snubs lower offer
June 01, 2010 07:43 AM ET
LONDON/HONG KONG (Reuters) - Prudential's bid for rival AIG's Asian unit was close to collapse after it failed to secure a price cut, raising questions over the British insurer's own future.

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Spill wipes $23 billion off BP
June 01, 2010 08:24 AM ET
LONDON (Reuters) - Fears oil may continue spewing into the Gulf of Mexico for another two months into the hurricane season wiped $23 billion off BP's market value on Tuesday and sent the cost of protecting its debt soaring.

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Covidien to buy ev3 for $2.6 billion in vascular deal
June 01, 2010 08:36 AM ET
NEW YORK (Reuters) - Medical products maker Covidien Plc plans to acquire ev3 Inc for $2.6 billion to boost its presence in stents and other vascular devices.

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Google phases out Microsoft Windows use: report
June 01, 2010 06:20 AM ET
LONDON (Reuters) - Web search group Google Inc is phasing out internal use of rival Microsoft Corp's Windows operating system because of security concerns following a Chinese hacking incident, the Financial Times reported on Tuesday.

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Boeing gets plane order from Russia state firm
June 01, 2010 06:42 AM ET
MOSCOW (Reuters) - U.S. aircraft maker Boeing has won an order from a Russian state company for up to 65 planes, nearly half its net order for 2009, beating European rival Airbus and a Russian manufacturer.

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ECB warns of more bank loan losses
May 31, 2010 04:27 PM ET
FRANKFURT/MADRID (Reuters) - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.

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Dubai Holding unit mulls asset sales after 2009 loss
June 01, 2010 08:23 AM ET
DUBAI (Reuters) - Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for the emirate.

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Honda China production still out after strike and clashes
June 01, 2010 06:51 AM ET
FOSHAN, China (Reuters) - Honda Motor Co made little progress on Tuesday in resuming production at a parts factory in south China after a prolonged and high-profile strike that has highlighted growing labor unrest in the region.

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China economy slows on tightening and seasonal factors
June 01, 2010 08:14 AM ET
BEIJING (Reuters) - The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

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