Monday, March 29, 2010

Business Today: Futures up as Greece readies bond; data in focus

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Good Morning Robert, MON 29 Mar 2010 
 
Futures up as Greece readies bond; data in focus
China jails Rio Tinto staff for 7-14 years
Geely eyes China market to revive Volvo brand
Greece gets little market bounce from EU deal
Consumer spending rises, incomes flat in February
Antisoma, Novartis lung cancer drug fails in study
Bankrupt General Growth nears plan filing: sources
EADS to decide on U.S. tanker bid in 2-3 weeks: report
Jupiter financials star puts half his fund in cash
JP Morgan payoff in WaMu case faces FDIC hurdle: report


Futures up as Greece readies bond; data in focus
March 29, 2010 08:21 AM ET
NEW YORK (Reuters) - Stock index futures gained on Monday as Greece prepared to test demand for the battered country's debt and investors shifted focus to key jobs data later this week.

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China jails Rio Tinto staff for 7-14 years
March 29, 2010 08:06 AM ET
SHANGHAI (Reuters) - A Chinese court jailed four Rio Tinto staff for seven to 14 years on Monday for taking bribes and stealing commercial secrets, a sentence Australia said was harsh.

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Geely eyes China market to revive Volvo brand
March 29, 2010 08:30 AM ET
SHANGHAI/HONG KONG (Reuters) - Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability.

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Greece gets little market bounce from EU deal
March 29, 2010 07:41 AM ET
ATHENS/LONDON (Reuters) - Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.

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Consumer spending rises, incomes flat in February
March 29, 2010 08:37 AM ET
WASHINGTON (Reuters) - U.S. consumer spending rose as expected in February for a fifth straight month, while stagnant incomes pushed savings to their lowest level since October 2008, a government report showed on Monday.

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Antisoma, Novartis lung cancer drug fails in study
March 29, 2010 07:18 AM ET
LONDON (Reuters) - British cancer specialist Antisoma suffered a body blow on Monday as a lung cancer drug being developed with Novartis failed in a late-stage trial, sending its shares plunging 70 percent.

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Bankrupt General Growth nears plan filing: sources
March 28, 2010 08:52 PM ET
NEW YORK (Reuters) - General Growth Properties Inc is getting closer to filing a bankruptcy exit plan, with its board planning to meet on Monday to give final approval to the proposal, sources familiar with the matter said.

Full Article
EADS to decide on U.S. tanker bid in 2-3 weeks: report
March 29, 2010 02:35 AM ET
FRANKFURT (Reuters) - EADS could decide within the next two to three weeks whether it will bid for a contract to build aerial tankers for the U.S. Air Force, the head of the company's Airbus unit told a German newspaper.

Full Article
Jupiter financials star puts half his fund in cash
March 29, 2010 07:35 AM ET
LONDON (Reuters) - British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility.

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JP Morgan payoff in WaMu case faces FDIC hurdle: report
March 28, 2010 10:47 PM ET
NEW YORK (Reuters) - The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co , according to the company and a Wall Street Journal report.

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