Business Today: Stock futures flat after weak employment data

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Good Morning Robert, WED 30 Jun 2010 
 
Stock futures flat after weak employment data
Private employers hire modestly in June
Goldman's Cohn, AIG face crisis panel
Democrats make final push on financial reform
BP shares jump as bid talk helps boost sentiment
Google faces pressure as China to decide on license
Home refinancing up but buying demand near 13-year low
Celgene to buy Abraxis BioScience for $2.9 billion
Euro banks borrow less than expected from ECB
BofA reclaims top spot, ICBC leads profit: study


Stock futures flat after weak employment data
June 30, 2010 08:29 AM ET
NEW YORK (Reuters) - Stock index futures were flat on Wednesday, paring gains after a report showed the private sector added fewer jobs this month than expected.

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Private employers hire modestly in June
June 30, 2010 08:25 AM ET
NEW YORK (Reuters) - Private employers added a paltry 13,000 jobs in June, compared to a revised gain of 57,000 in May, a report by a payrolls processor showed on Thursday.

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Goldman's Cohn, AIG face crisis panel
June 30, 2010 08:22 AM ET
WASHINGTON (Reuters) - Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.

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Democrats make final push on financial reform
June 30, 2010 08:02 AM ET
WASHINGTON (Reuters) - Democrats are mounting a final push to send President Barack Obama their landmark overhaul of financial regulations, but the death of a colleague and cold feet among Republican allies could postpone a final victory.

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BP shares jump as bid talk helps boost sentiment
June 30, 2010 07:43 AM ET
LONDON (Reuters) - Shares in BP jumped 8 percent on Wednesday, helped by bid talk and optimism that the worst may be over for the stock as the company comes closer to halting the massive oil leak from its Gulf of Mexico well.

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Google faces pressure as China to decide on license
June 30, 2010 08:20 AM ET
SHANGHAI (Reuters) - Google Inc could face further pressure for its other products in China as Beijing is due to decide whether or not to renew a license for the firm's flagship search engine in the world's largest Internet market.

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Home refinancing up but buying demand near 13-year low
June 30, 2010 07:36 AM ET
NEW YORK (Reuters) - Refinancing drove total U.S. mortgage applications to an eight-month peak, as loan rates fell to or near record lows, but demand to buy homes sank toward 13-year lows last week, the Mortgage Bankers Association said on Wednesday.

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Celgene to buy Abraxis BioScience for $2.9 billion
June 30, 2010 08:21 AM ET
(Reuters) - Celgene Corp agreed to acquire Abraxis BioScience Inc for $2.9 billion in cash and stock to expand its oncology pipeline, the companies said.

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Euro banks borrow less than expected from ECB
June 30, 2010 08:04 AM ET
FRANKFURT (Reuters) - Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about how they would cope with repaying close to half a trillion euros in emergency loans on Thursday.

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BofA reclaims top spot, ICBC leads profit: study
June 29, 2010 07:06 PM ET
LONDON (Reuters) - Bank of America has leap-frogged U.S. rival JPMorgan to rank as the world's top bank in terms of capital strength while Industrial and Commercial Bank of China (ICBC) tops the profit league, according to a new study.

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