Business Today: Wall Street set to soar on euro zone rescue plan

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good Morning Aron, MON 10 May 2010    Wall Street set to soar on euro zone rescue plan Rescue plan fires stock rally, euro gains European banks buy bonds after $1 trillion rescue package Exchanges summoned to DC after market plunge Goldman warns of more litigation, investigations No end in sight to spill as BP costs mount McDonald's April same-store sales up 4.9 percent U.S.'s LaHood: "time will tell" if Toyota has changed Bank of England holds rates, no change on QE Warren Buffett's son preaches values as wealth Business Update: Euro firms on aid Business Update: Sell-off continues Wall St. plunge still a mystery Wall Street set to soar on euro zone rescue plan May 10, 2010 08:08 AM ET NEW YORK (Reuters) - U.S. stock index futures pointed to a more than 4 percent gain at the open on Monday after a $1 trillion global emergency rescue package was launched, quelling contagion fears and sending European stocks surging. Full Article Rescue plan fires stock rally, euro gains May 10, 2010 08:03 AM ET LONDON (Reuters) - Financial markets climbed away from a potential abyss on Monday after the European Union and International Monetary Fund agreed a bumper rescue package to prevent a sovereign debt crisis spreading. Full Article European banks buy bonds after $1 trillion rescue package May 10, 2010 07:24 AM ET BRUSSELS (Reuters) - European central banks began buying euro zone government bonds under a $1 trillion global emergency rescue package agreed on Monday, sending the euro and European stocks and bonds surging on relieved markets. Full Article Exchanges summoned to DC after market plunge May 10, 2010 07:51 AM ET NEW YORK/WASHINGTON (Reuters) - The heads of leading U.S. stock market operators have been called to Washington for an emergency meeting on Monday, days after a spine-chilling plunge in stock prices continued to perplex U.S. regulators. Full Article Goldman warns of more litigation, investigations May 10, 2010 08:20 AM ET NEW YORK (Reuters) - Goldman Sachs Group Inc, facing fraud charges from U.S. securities regulators, on Monday warned that more litigation and investigations could be coming. Full Article No end in sight to spill as BP costs mount May 10, 2010 07:51 AM ET ROBERT, Louisiana (Reuters) - BP Plc said on Monday it had incurred $350 million in costs so far from the huge oil spill in the Gulf of Mexico as fears mounted of a prolonged and growing environmental and economic disaster. Full Article McDonald's April same-store sales up 4.9 percent May 10, 2010 08:24 AM ET NEW YORK (Reuters) - McDonald's Corp reported a 4.9 percent rise in April sales at established restaurants as the pace of sales in the United States and Europe, its largest markets, slowed from March. Full Article U.S.'s LaHood: "time will tell" if Toyota has changed May 10, 2010 08:11 AM ET TOYOTA CITY, Japan (Reuters) - U.S. Transport Secretary Ray LaHood said he was encouraged by the steps Toyota Motor Corp has put in place to improve vehicle safety, but stressed he will be convinced only when its cars actually become safer. Full Article Bank of England holds rates, no change on QE May 10, 2010 07:09 AM ET LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent and made no change to its asset purchase target on Monday, keeping in place stimulus measures designed to nurse the economy back to health. Full Article Warren Buffett's son preaches values as wealth May 10, 2010 08:34 AM ET NEW YORK (Reuters) - The son of billionaire investor Warren Buffett has an old-world spiritual message for today's money-rich parents: teach your children values and do not give them everything they want. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers