Monday, February 22, 2010

Business Today: Stock futures rise amid M&A, earnings

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Good Morning Robert, MON 22 Feb 2010 
 
Stock futures rise amid M&A, earnings
Schlumberger buying Smith Int'l in $11.3 billion deal
Euro's future in question even if Greece rescued: Soros
Lowe's results top view; sees higher 2010 sales
Toyota memo raises stakes for chief's hearings
Campbell 2nd-quarter U.S. soup sales down 8 percent
Bharti lines up $9 billion in loans for Zain Africa
Japan finance minister needles BOJ on inflation targeting
Pilots ground Lufthansa in its longest ever strike
GM must raise share of Opel costs to get aid: paper


Stock futures rise amid M&A, earnings
February 22, 2010 07:45 AM ET
NEW YORK (Reuters) - U.S. stock index futures rose on Monday after Schlumberger Ltd agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings.

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Schlumberger buying Smith Int'l in $11.3 billion deal
February 22, 2010 08:24 AM ET
NEW YORK (Reuters) - Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.

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Euro's future in question even if Greece rescued: Soros
February 22, 2010 07:26 AM ET
SINGAPORE (Reuters) - A makeshift assistance should be enough to rescue Greece but bigger problems facing Europe would leave the future of the euro currency in question, billionaire investor George Soros said.

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Lowe's results top view; sees higher 2010 sales
February 22, 2010 08:20 AM ET
NEW YORK (Reuters) - Lowe's Cos Inc reported better-than-expected quarterly results on rising lumber prices and demand for appliances, and the No. 2 U.S. home improvement chain forecast a sales rise in 2010.

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Toyota memo raises stakes for chief's hearings
February 22, 2010 06:31 AM ET
TOKYO/WASHINGTON (Reuters) - A document claiming Toyota Motor Corp saved over $100 million by getting U.S. regulators to agree a cheap fix for unintended acceleration problems raised pressure on the company's president as he arrived in Washington to prepare for a grilling from congress.

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Campbell 2nd-quarter U.S. soup sales down 8 percent
February 22, 2010 08:30 AM ET
CHICAGO (Reuters) - Campbell Soup Co's soup sales fell 8 percent in the United States during the key late fall and winter months, with the more expensive ready-to-serve line the hardest hit.

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Bharti lines up $9 billion in loans for Zain Africa
February 21, 2010 09:56 PM ET
NEW DELHI (Reuters) - India's Bharti Airtel has lined up $9 billion in loans from foreign and local banks for its planned acquisition of the African assets of Kuwait's Zain , the Economic Times reported on Monday.

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Japan finance minister needles BOJ on inflation targeting
February 22, 2010 12:28 AM ET
TOKYO (Reuters) - Japan's Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.

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Pilots ground Lufthansa in its longest ever strike
February 22, 2010 05:28 AM ET
FRANKFURT (Reuters) - Fearing potential staff cuts, Lufthansa's high-paid German pilots took to the picket lines on Monday, plunging the airline into its longest ever strike and forcing the carrier to cancel hundreds of flights.

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GM must raise share of Opel costs to get aid: paper
February 22, 2010 05:18 AM ET
FRANKFURT/BERLIN (Reuters) - General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources.

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