Business Today: Stock futures rise after financial reform deal

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Good Morning Robert, FRI 25 Jun 2010 
 
Stock futures rise after financial reform deal
Lawmakers agree on historic Wall Street reform at dawn
Economic growth revised down to 2.7 percent
Pressure mounts at G20 to dilute bank capital plan
More private equity deals in Q2, but hardly "mega"
KB Home posts wider-than-expected loss
AIG CEO and Chairman at odds over failed AIA deal: report
Supreme Court imperils Skilling, Black convictions
RIM shares drop, BlackBerry shipments disappoint
Lawmakers slam top mortgage firms on loan mods


Stock futures rise after financial reform deal
June 25, 2010 08:07 AM ET
NEW YORK (Reuters) - Stock index futures rose on Friday as investors digested a historic agreement by U.S. lawmakers to overhaul financial regulations and awaited final readings on gross domestic product and consumer sentiment.

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Lawmakers agree on historic Wall Street reform at dawn
June 25, 2010 07:16 AM ET
WASHINGTON (Reuters) - Lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital on Friday, handing President Barack Obama a major domestic victory on the eve of a global summit devoted to financial reform.

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Economic growth revised down to 2.7 percent
June 25, 2010 08:33 AM ET
WASHINGTON (Reuters) - Economic growth was slower than previously estimated in the first quarter as estimates of business and consumer spending were cut, according to government data on Friday.

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Pressure mounts at G20 to dilute bank capital plan
June 25, 2010 08:23 AM ET
LONDON (Reuters) - Global regulators will dilute a reform that forces banks to hold more reserves to survive shocks without massive taxpayer help again, sources familiar with the negotiations said on Friday.

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More private equity deals in Q2, but hardly "mega"
June 25, 2010 12:26 AM ET
PHILADELPHIA/HONG KONG (Reuters) - Buyout funds are making a comeback, scouring deals from Australia to America after nearly two years of virtual shutdown, but private equity-backed M&A volumes remain far short of the boom times.

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KB Home posts wider-than-expected loss
June 25, 2010 08:20 AM ET
CHICAGO (Reuters) - KB Home , the fifth-largest U.S. homebuilder, reported a wider-than-expected quarterly loss on Friday, as pressure on home prices offset the company's first rise in home deliveries in three-and-a-half years.

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AIG CEO and Chairman at odds over failed AIA deal: report
June 25, 2010 12:22 AM ET
(Reuters) - American International Group's failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation.

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Supreme Court imperils Skilling, Black convictions
June 24, 2010 04:24 PM ET
WASHINGTON (Reuters) - The Supreme Court on Thursday threw into doubt the fraud convictions of former Enron Corp Chief Executive Jeffrey Skilling and ex-media baron Conrad Black, a setback for the U.S. Justice Department in two of the biggest corporate fraud prosecutions of the last decade.

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RIM shares drop, BlackBerry shipments disappoint
June 24, 2010 10:23 PM ET
TORONTO, June 24 (Reuters) - Research in Motion on Thursday reported subscriber and shipment figures that disappointed investors and rekindled fears that the BlackBerry maker is losing market share to Apple Inc and other rivals.

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Lawmakers slam top mortgage firms on loan mods
June 24, 2010 06:01 PM ET
WASHINGTON (Reuters) - The four largest mortgage lenders in the United States were grilled on Capitol Hill on Thursday about the limited number of home loans they have modified for homeowners facing foreclosure.

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