Business Today: Stock futures flat as investors brace for earnings

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Good Morning Robert, FRI 09 Jul 2010 
 
Stock futures flat as investors brace for earnings
Google says China has renewed Web page license
U.S. gives China pass on currency
BC and Silver Lake to buy MultiPlan for $3.1 billion
ECB's Trichet: budget cuts won't lead to new slump
Joblessness and housing add risks to U.S. recovery: IMF
EU agency probes safety of Glaxo's Avandia drug
European bank tests focus shifts to possible capital hikes
KKR plans shale gas exploration: report
LeBron fever hits options, boosts MSG activity


Stock futures flat as investors brace for earnings
July 09, 2010 08:17 AM ET
NEW YORK (Reuters) - Stock index futures edged higher on Friday after recording three straight winning sessions and as investors braced for the start of earnings season next week.

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Google says China has renewed Web page license
July 09, 2010 08:14 AM ET
SHANGHAI (Reuters) - Google Inc said on Friday that the Chinese authorities had renewed its license to operate a website, averting a potential shutdown of its flagship search page in the world's biggest Internet market.

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U.S. gives China pass on currency
July 08, 2010 08:08 PM ET
WASHINGTON (Reuters) - The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing.

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BC and Silver Lake to buy MultiPlan for $3.1 billion
July 09, 2010 06:35 AM ET
LONDON (Reuters) - BC Partners and Silver Lake are set to buy U.S. healthcare services firm MultiPlan, the private equity firms said on Friday, in the year's largest secondary buyout worth about $3.1 billion.

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ECB's Trichet: budget cuts won't lead to new slump
July 09, 2010 05:24 AM ET
FRANKFURT (Reuters) - European Central Bank President Jean-Claude Trichet dismissed warnings that drastic and simultaneous spending cuts planned by euro zone governments could send the 16-country bloc back into recession.

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Joblessness and housing add risks to U.S. recovery: IMF
July 08, 2010 06:53 PM ET
WASHINGTON (Reuters) - High unemployment and a moribund housing market have increased risks to the U.S. economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund said on Thursday.

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EU agency probes safety of Glaxo's Avandia drug
July 09, 2010 06:03 AM ET
LONDON (Reuters) - European regulators are launching a new probe into the safety of GlaxoSmithKline Plc's diabetes pill Avandia, adding to pressure on a medicine that already faces a grilling from U.S. experts next week.

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European bank tests focus shifts to possible capital hikes
July 09, 2010 07:15 AM ET
AMSTERDAM (Reuters) - European finance ministers will shift their focus next week onto a possible need for their banks to raise more capital and on who will cover any shortfalls exposed by stress tests -- a sum which Credit Suisse reckons could total 90 billion euros ($114 billion).

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KKR plans shale gas exploration: report
July 09, 2010 02:04 AM ET
(Reuters) - U.S. private equity firm Kohlberg Kravis Roberts & Co is planning to start up a natural gas exploration company focusing on shale and coal-bed gas, Bloomberg said, citing a person familiar briefed on the plan.

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LeBron fever hits options, boosts MSG activity
July 08, 2010 09:06 PM ET
NEW YORK (Reuters) - LeBron fever is in full bloom in the options market.

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