Business Today: Stock futures lower on sagging investor confidence

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Good Morning Aron, FRI 21 May 2010    Stock futures lower on sagging investor confidence Senate approves sweeping Wall Street reform bill Abbott to pay $3.7 billion for unit of India's Piramal Fed's Kohn says inflation expectations key with low rates Ann Taylor beats Street on higher sales and margins German lawmakers back euro aid Toyota gets Tesla stake while Tesla gets Toyota factory Pru investors stay wary after last-ditch AIA pitch BA posts record full-year loss, eyes break even in 2010/11 Pepsi to up China investment by $2.5 billion BA's worst losses in 20 yrs Thai finmin eyes recovery Business Update: Asia shares plunge Stock futures lower on sagging investor confidence May 21, 2010 08:13 AM ET NEW YORK (Reuters) - Stock index futures fell on Friday as the recent sell-off stemming from the euro-zone debt crisis and U.S. financial regulation has ruptured investor confidence, causing a flight from risky assets. Full Article Senate approves sweeping Wall Street reform bill May 21, 2010 07:16 AM ET WASHINGTON (Reuters) - The Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. Full Article Abbott to pay $3.7 billion for unit of India's Piramal May 21, 2010 08:36 AM ET MUMBAI (Reuters) - Abbott Laboratories Inc will pay $3.72 billion to acquire the branded generics business of India's Piramal Healthcare , as global drugmakers look to boost their presence in emerging markets. Full Article Fed's Kohn says inflation expectations key with low rates May 21, 2010 08:07 AM ET FRANKFURT (Reuters) - Keeping expectations of future price levels intact is vital, especially when interest rates are very low, the Federal Reserve's number two official said on Friday. Full Article Ann Taylor beats Street on higher sales and margins May 21, 2010 08:09 AM ET NEW YORK (Reuters) - Ann Taylor Stores Corp reported better than expected quarterly earnings on Friday, as sales at its women's clothing stores were stronger than it expected and the chain benefited from more full-price selling. Full Article German lawmakers back euro aid May 21, 2010 08:02 AM ET BERLIN/BRUSSELS (Reuters) - German lawmakers approved on Friday a $1 trillion safety net to stabilize the euro as world stocks slid further on fears Europe's debt crisis and tougher financial regulation will choke economic recovery. Full Article Toyota gets Tesla stake while Tesla gets Toyota factory May 21, 2010 03:08 AM ET PALO ALTO, Calif./TOKYO (Reuters) - Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage. Full Article Pru investors stay wary after last-ditch AIA pitch May 21, 2010 08:30 AM ET LONDON (Reuters) - Prudential boss Tidjane Thiam is struggling to make headway with skeptical investors who question the value of his $35.5 billion acquisition of AIA. Full Article BA posts record full-year loss, eyes break even in 2010/11 May 21, 2010 06:33 AM ET LONDON (Reuters) - British Airways posted a record 531 million pounds full-year loss on Friday, hit by the recession, industrial disputes and the winter snow, though its ambitions to break even next year could by hit by more strikes. Full Article Pepsi to up China investment by $2.5 billion May 21, 2010 06:47 AM ET (Reuters) - PepsiCo Inc said it is planning to up its investment in China by $2.5 billion over the next three years, as it sees more growth in the market. Full Article

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