Business Today: Stock futures dip as worries persist on global economy

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Good Morning Robert, WED 07 Jul 2010 
 
Stock futures dip as worries persist on global economy
BP boss in MidEast talks as relief well advances
China won't dump U.S. Treasuries or pile into gold
EU watchdogs battling over stress test publication
HSBC clients scrutinized in U.S. tax evasion probe
Toyota to extend development time to ensure quality
Family Dollar posts higher Q3 profit
EU says Greece reforms broadly on track
Samsung profit to slow on Europe after record Q2
Oil bounces above $72 on expected inventory drop


Stock futures dip as worries persist on global economy
July 07, 2010 08:14 AM ET
NEW YORK (Reuters) - Stock index futures edged down on Wednesday and followed international equity markets lower as fears persisted of a slowdown in the global economy.

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BP boss in MidEast talks as relief well advances
July 07, 2010 08:23 AM ET
ABU DHABI/HOUSTON (Reuters) - BP's boss met officials from an Abu Dhabi state fund on Wednesday as hopes for fresh investment and progress toward closing a leaking U.S. oil well lifted the company's battered shares.

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China won't dump U.S. Treasuries or pile into gold
July 07, 2010 08:06 AM ET
BEIJING (Reuters) - China on Wednesday ruled out the "nuclear" option of dumping its vast holdings of U.S. Treasury securities but called on Washington to be a responsible guardian of the dollar.

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EU watchdogs battling over stress test publication
July 07, 2010 08:35 AM ET
LONDON/BRUSSELS (Reuters) - European regulators were debating how much detail to reveal about health checks of the region's banks on Wednesday, in a fight that may threaten to undermine the purpose of the exercise.

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HSBC clients scrutinized in U.S. tax evasion probe
July 07, 2010 08:07 AM ET
NEW YORK/CHARLOTTE, North Carolina (Reuters) - The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said on Tuesday.

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Toyota to extend development time to ensure quality
July 07, 2010 02:56 AM ET
TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp will extend the time it takes to develop its vehicles by an average of four weeks in a bid to ensure quality following a string of high-profile recalls, a top executive said.

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Family Dollar posts higher Q3 profit
July 07, 2010 07:21 AM ET
(Reuters) - Family Dollar Stores Inc posted a higher quarterly profit as U.S. consumers continued to seek out cheap food and other everyday items as unemployment remains high, but forecast fourth-quarter earnings below expectations.

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EU says Greece reforms broadly on track
July 07, 2010 05:20 AM ET
BRUSSELS (Reuters) - Economic reforms intended to pull Greece out of recession and help it resolve a sovereign debt crisis are broadly on track, despite some slippage, the European Commission said.

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Samsung profit to slow on Europe after record Q2
July 07, 2010 03:43 AM ET
SEOUL (Reuters) - Samsung Electronics' record quarterly profit failed to please investors as a weak European economy looks set to weaken demand for flat screens and chips, hurting profitability at the world's largest memory chipmaker.

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Oil bounces above $72 on expected inventory drop
July 07, 2010 08:22 AM ET
LONDON (Reuters) - Oil prices rose on Wednesday, recovering from the losing streak of the past six trading sessions, supported from an expected fall in crude oil inventories in the United States, the world's top energy consumer.

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