Business Today: Stock futures inch up after German data, Friday sell-off

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Good Morning Robert, MON 07 Jun 2010 
 
Stock futures inch up after German data, Friday sell-off
Hungary eyes budget cuts, market says signals mixed
BP shares jump on first major oil spill progress
Jobs headlines Apple event, new iPhone in the wings
Prudential courts shareholders after failed Asian bid
NY Fed staffer: Public stress tests can be "calming"
BA not neglecting strike peace talks: CEO Walsh
Spain's labor reform could sideline unions: report
Exxon execs warn on curbing on deepwater drilling
Global air industry sees profit, warns on Europe


Stock futures inch up after German data, Friday sell-off
June 07, 2010 08:15 AM ET
NEW YORK (Reuters) - Stock index futures were slightly higher on Monday, reversing sharp declines in the last session, as solid German data eased concerns about a wobbly European economy and the S&P looked to bounce off a key technical level.

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Hungary eyes budget cuts, market says signals mixed
June 07, 2010 07:26 AM ET
BUDAPEST (Reuters) - Hungary's government vowed to cut spending on Monday as it strove to repair damage from comments last week about a possible Greece-style debt crisis, but a renewed pledge of tax cuts kept markets on edge.

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BP shares jump on first major oil spill progress
June 07, 2010 06:37 AM ET
LONDON (Reuters) - Shares in oil major BP Plc rose on Monday after the company said it was capturing most of the oil gushing from its leaking Gulf of Mexico well, and that an additional capture system would be ready in mid-June.

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Jobs headlines Apple event, new iPhone in the wings
June 07, 2010 07:12 AM ET
SAN FRANCISCO (Reuters) - Apple Inc is widely expected to unveil its latest iPhone on Monday, as the company aims to stay a step ahead of rivals in an increasingly competitive smartphone market.

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Prudential courts shareholders after failed Asian bid
June 07, 2010 07:30 AM ET
LONDON (Reuters) - British insurer Prudential's top bosses sought to ease shareholder anger over its botched bid for U.S. group AIG's Asian unit, publishing bumper sales and apologizing for the misadventure's hefty cost.

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NY Fed staffer: Public stress tests can be "calming"
June 07, 2010 08:24 AM ET
NEW YORK (Reuters) - Stress tests that the United States conducted on its banks last year show releasing the results of such tests can be a "calming force" for markets, a senior Federal Reserve Bank of New York staffer said on Monday.

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BA not neglecting strike peace talks: CEO Walsh
June 07, 2010 07:19 AM ET
LONDON/BERLIN (Reuters) - British Airways Chief Executive Willie Walsh said Monday he was "absolutely determined" in its dispute with cabin crew and dismissed union suggestions that he had neglected the crisis to travel abroad.

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Spain's labor reform could sideline unions: report
June 06, 2010 10:28 AM ET
MADRID (Reuters) - Spain may make it easier for companies to bypass unions to lower workers' pay and conditions if they can prove they are in financial difficulty, El Mundo newspaper reported on Sunday, citing government sources.

Full Article
Exxon execs warn on curbing on deepwater drilling
June 07, 2010 05:24 AM ET
KUALA LUMPUR/BEIJING (Reuters) - ExxonMobil warned against quick reactive changes to deepwater drilling laws that damage long-term investment decisions and urged governments to take time to assess the reasons for the Gulf of Mexico oil spill.

Full Article
Global air industry sees profit, warns on Europe
June 07, 2010 06:24 AM ET
BERLIN (Reuters) - Global airlines banished two years of economic misery with an abrupt turnaround in industry forecasts on Monday, though they were laced with a strong note of caution on Europe's carriers.

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