Business Today: Stock futures up China exports and euro

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Good Morning Robert, THU 10 Jun 2010 
 
Stock futures up China exports and euro
BP's shares hit 13-year low
SEC examining Goldman Sachs' Hudson deals: report
Banks pressured as Congress reform panel debuts
Apple faces antitrust scrutiny: report
Spain labor talks fail
Two big shareholders support BA stance on strikes
Chinese exports leap putting yuan back under microscope
BoE holds rates, asset buying ahead of UK budget
Bernanke says recovery on track but jobs to lag


Stock futures up China exports and euro
June 10, 2010 08:03 AM ET
NEW YORK (Reuters) - Stock index futures rose on Thursday, boosted by confirmation of solid China export data and a climb in the euro as investors awaited a report on the U.S. labor market.

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BP's shares hit 13-year low
June 10, 2010 07:58 AM ET
LONDON (Reuters) - Shares in oil giant BP continued to fall heavily on Thursday, hitting their lowest level since 1997, even as the company said it saw no justification for such a move.

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SEC examining Goldman Sachs' Hudson deals: report
June 10, 2010 08:13 AM ET
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported, citing people close to the matter.

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Banks pressured as Congress reform panel debuts
June 10, 2010 07:47 AM ET
WASHINGTON (Reuters) - Banks faced intensified regulatory reform pressures as a special U.S. congressional panel prepared to hold its first public meeting on Thursday, forcing Democratic leaders to balance on a knife's edge.

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Apple faces antitrust scrutiny: report
June 10, 2010 07:53 AM ET
(Reuters) - U.S. antitrust regulators plan to investigate whether Apple is unfairly restricting rivals such as Google from carrying ads on the iPhone, iPad and iPod, the Financial Times said.

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Spain labor talks fail
June 10, 2010 08:35 AM ET
MADRID/AMSTERDAM (Reuters) - Marathon negotiations to overhaul Spain's rigid labor market collapsed on Thursday, leaving a fragile government to impose looser hire-and-fire laws without trade union backing in the troubled euro zone state.

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Two big shareholders support BA stance on strikes
June 10, 2010 06:33 AM ET
LONDON (Reuters) - British Airways' top investors support the airline's refusal to bow to union pressure, despite the prospect of more strikes by cabin crew, which could scupper its hopes of breaking even in 2010/11.

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Chinese exports leap putting yuan back under microscope
June 10, 2010 07:13 AM ET
BEIJING (Reuters) - China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.

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BoE holds rates, asset buying ahead of UK budget
June 10, 2010 08:00 AM ET
LONDON (Reuters) - The Bank of England made no change to interest rates or its bond purchase program on Thursday, as it waits for Britain's new government to reveal the extent of its fiscal austerity measures in a June 22 budget.

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Bernanke says recovery on track but jobs to lag
June 09, 2010 04:14 PM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.

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