Business Today: Stock futures slightly higher as economy in focus

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Good Morning Robert, FRI 26 Feb 2010    Stock futures slightly higher as economy in focus AIG posts $8.9 billion loss, warns of more aid U.S. economic growth revised up on inventories Greek PM says economic crisis confirmed worst fears GM revisiting previous bidders for Hummer Toyoda meets with LaHood, thanks workers at plant AIG alters payback plan to Fed U.S. hedge fund firm being probed on kickbacks: WSJ Lloyds sags to loss on hefty bad debts, Irish woes Oil holds near $78 ahead of key U.S. data Business Update: Asia, Toyota up Hong Kong fur biz flying Toyota's road to redemption Stock futures slightly higher as economy in focus February 26, 2010 08:28 AM ET NEW YORK (Reuters) - Stock index futures were slightly higher on Friday as investors looked ahead to a raft of data, including economic growth, home sales and manufacturing after a disappointing week so far for the economy. Full Article AIG posts $8.9 billion loss, warns of more aid February 26, 2010 08:15 AM ET NEW YORK (Reuters) - American International Group Inc reported a quarterly loss of $8.9 billion on Friday and warned that it may need additional U.S. government support, even as it tries to pay back taxpayers after a $182.3 billion bailout. Full Article U.S. economic growth revised up on inventories February 26, 2010 08:34 AM ET WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on Friday. Full Article Greek PM says economic crisis confirmed worst fears February 26, 2010 08:12 AM ET ATHENS (Reuters) - Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone. Full Article GM revisiting previous bidders for Hummer February 26, 2010 04:12 AM ET DETROIT/HONG KONG (Reuters) - General Motors has approached previous potential bidders for its Hummer unit after a deal to sell the brand to an obscure Chinese firm collapsed, a source with knowledge of the matter said on Friday. Full Article Toyoda meets with LaHood, thanks workers at plant February 25, 2010 10:25 PM ET WASHINGTON (Reuters) - Toyota Motor Corp President Akio Toyoda had a "cordial and open" meeting on Thursday with Transportation Secretary Ray LaHood before thanking workers in Kentucky for supporting him during his appearance before Congress. Full Article AIG alters payback plan to Fed February 26, 2010 07:46 AM ET NEW YORK (Reuters) - American International Group Inc has decided not to use securitized U.S. life insurance policies to repay the U.S. government after a $182.3 billion rescue, a source familiar with the matter said on Friday. Full Article U.S. hedge fund firm being probed on kickbacks: WSJ February 26, 2010 06:48 AM ET (Reuters) - U.S. authorities are probing individuals close to NIR Group on whether the U.S. hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, the Wall Street Journal said, citing people familiar with the matter. Full Article Lloyds sags to loss on hefty bad debts, Irish woes February 26, 2010 07:49 AM ET LONDON (Reuters) - Lloyds, Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS. Full Article Oil holds near $78 ahead of key U.S. data February 26, 2010 08:22 AM ET LONDON (Reuters) - Oil held around $78 a barrel on Friday after sliding more than 2 percent the day before as traders mulled recovery prospects for the United States, the world's top energy consumer, ahead of economic data. Full Article

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