Business Today: Futures off on Greece woes, retailers perk up

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Good Morning Aron, THU 08 Apr 2010    Futures off on Greece woes, retailers perk up BA seals long-awaited Iberia deal Early Easter boosts March retail sales Toyota exec warned on defect: "We need to come clean" U.S. Air, United in merger talks Greece plunges deeper into crisis, banks, euro hit Banks scramble for role in $20 billion AgBank IPO Yuan rises as speculation of policy shift grows Bank of England holds interest rates, asset-buying Fed officials warn on bubbles but Bernanke cautious Toyota executive's safety warning Getting better with bills Business Update: Subprime defense Futures off on Greece woes, retailers perk up April 08, 2010 08:12 AM ET NEW YORK (Reuters) - Stock index futures fell on Thursday, following global stocks lower, as persistent fears over Greece's public finances unsettled investors worried about sovereign debt defaults in Europe. Full Article BA seals long-awaited Iberia deal April 08, 2010 08:01 AM ET MADRID/LONDON (Reuters) - British Airways and Spain's Iberia signed an $8 billion merger to create the world's third-largest airline by revenue on Thursday, bringing a tie-up with American Airlines a step closer. Full Article Early Easter boosts March retail sales April 08, 2010 07:57 AM ET NEW YORK (Reuters) - A nascent pickup in consumer spending has expanded beyond discounters to teen clothing chains and other store chains, according to the first batch of March sales reports from U.S. retailers. Full Article Toyota exec warned on defect: "We need to come clean" April 08, 2010 07:27 AM ET TOKYO (Reuters) - A senior Toyota Motor Corp executive in the United States warned in a January email that the automaker needed to "come clean" on a safety defect that caused accelerator pedals to become stuck open. Full Article U.S. Air, United in merger talks April 08, 2010 01:33 AM ET NEW YORK (Reuters) - UAL Corp's United Airlines is in merger talks with US Airways in a deal that could create the second-largest carrier in the United States, two sources familiar with the matter said. Full Article Greece plunges deeper into crisis, banks, euro hit April 08, 2010 07:58 AM ET ATHENS (Reuters) - Markets pounded Greek bonds and banking stocks on Thursday, driving the debt-stricken euro zone member's borrowing costs to new highs and pushing it closer to tapping a last resort EU/IMF safety net. Full Article Banks scramble for role in $20 billion AgBank IPO April 08, 2010 07:04 AM ET HONG KONG (Reuters) - Six weeks after suffering a huge disappointment with the loss of AIA's massive IPO, equity capital markets bankers in this region received an unexpected present in their inboxes from one of China's largest banks. Full Article Yuan rises as speculation of policy shift grows April 08, 2010 07:54 AM ET BEIJING (Reuters) - The yuan and other Asian currencies rose sharply on Thursday as speculation intensified that China might soon unveil a long-awaited shift in its exchange-rate regime by revaluing its currency. Full Article Bank of England holds interest rates, asset-buying April 08, 2010 07:59 AM ET LONDON (Reuters) - The Bank of England kept interest rates at a record low of 0.5 percent for the 13th month running on Thursday and made no increase to its 200 billion pounds asset-buying scheme to boost the economy. Full Article Fed officials warn on bubbles but Bernanke cautious April 07, 2010 05:48 PM ET SANTA FE, New Mexico (Reuters) - Two top U.S. Federal Reserve officials warned about the risks to the economy from asset bubbles on Wednesday, and one suggested raising interest rates to halt risky behavior that could trigger another bust. Full Article

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