Business Today: Stock futures flat ahead of consumer sentiment data

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Good Morning Robert, FRI 11 Jun 2010 
 
Stock futures flat ahead of consumer sentiment data
Retail sales unexpectedly fall in May
Fed's Plosser says asset sales wouldn't disrupt markets
J&J called uncooperative in Tylenol probe: report
Bank reform chief sees Basel compromise to limit pain
Motorola, RIM end licensing dispute
China policy outlook murky after mixed bag of data
Markets too pessimistic on euro zone, say ECB members
Special Report: Guy Hands, Citigroup and the fight for EMI
SEC eyes confluence of events as flash crash cause


Stock futures flat ahead of consumer sentiment data
June 11, 2010 08:19 AM ET
NEW YORK (Reuters) - Stock index futures were little changed on Friday, with the benchmark S&P 500 on track for its best weekly performance in a month ahead of data on retail sales and consumer sentiment.

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Retail sales unexpectedly fall in May
June 11, 2010 08:38 AM ET
WASHINGTON (Reuters) - Sales at U.S. retailers unexpectedly fell in May for the first time since September, pulled down by a record slump in purchases of building materials, according to a government report on Friday that added to fears the economic recovery was losing some steam.

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Fed's Plosser says asset sales wouldn't disrupt markets
June 11, 2010 08:25 AM ET
ALTOONA, Pennsylvania (Reuters) - U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday.

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J&J called uncooperative in Tylenol probe: report
June 11, 2010 07:45 AM ET
NEW YORK (Reuters) - A lawmaker investigating a recent recall of Johnson & Johnson's children's medicine has accused the company of stymieing the inquiry, the New York Times reported.

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Bank reform chief sees Basel compromise to limit pain
June 11, 2010 07:35 AM ET
VIENNA (Reuters) - Banks are to get more time to implement new capital rules and some proposals will be eased to ensure the industry can adjust to the new standards, a top central banker and regulator said, lifting the sector on Friday.

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Motorola, RIM end licensing dispute
June 11, 2010 08:23 AM ET
NEW YORK (Reuters) - Motorola Inc and BlackBerry maker Research In Motion Ltd have reached a technology licensing agreement, ending all litigation with each other, the companies said on Friday.

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China policy outlook murky after mixed bag of data
June 11, 2010 01:35 AM ET
BEIJING (Reuters) - Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory output and capital spending eased worries for some analysts that the world's third-largest economy could boil over.

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Markets too pessimistic on euro zone, say ECB members
June 11, 2010 07:57 AM ET
FRANKFURT (Reuters) - The euro zone does not risk relapsing into recession and markets are overly pessimistic about Europe's common currency, members of the European Central Bank said on Friday.

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Special Report: Guy Hands, Citigroup and the fight for EMI
June 11, 2010 06:04 AM ET
LONDON (Reuters) - One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to be both thoughtful and thought provoking.

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SEC eyes confluence of events as flash crash cause
June 10, 2010 08:38 PM ET
MONTREAL (Reuters) - U.S. regulators will most likely find that a confluence of events caused the unprecedented stock market "flash crash" in early May, Securities and Exchange Commission Chairman Mary Schapiro said on Thursday.

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