Business Today: Index futures lower, data eyed

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Good Morning Aron, THU 30 Sep 2010    Index futures lower, data eyed AIG, U.S. agree on plan to pay back taxpayers Second-quarter growth rate revised up to 1.7 percent As TARP ends, small banks struggle to repay China says U.S. yuan bill could harm ties Ireland faces "horrendous" bank bill, Spain downgraded Consumer czar Warren says wants banks' help on rules Special report: How Dubai got serious Sanofi revamps R&D with $1.2-2.2 billion Covance deal McDonald's may drop health insurance: report Asian stocks slip, China bucks trend Nintendo shrs dive on 3DS sales plan House targets Chinese yuan Index futures lower, data eyed September 30, 2010 08:18 AM ET NEW YORK (Reuters) - Stocks index futures dipped on Thursday ahead of key data on business activity and jobs, while investors looked ahead to testimony from Fed Chairman Ben Bernanke on implementing financial regulation. Full Article AIG, U.S. agree on plan to pay back taxpayers September 30, 2010 08:19 AM ET NEW YORK (Reuters) - American International Group Inc and the U.S. government laid out a plan for the insurer to eventually repay taxpayers in full, just over two years after it was rescued from the brink of collapse. Full Article Second-quarter growth rate revised up to 1.7 percent September 30, 2010 08:38 AM ET WASHINGTON (Reuters) - U.S. economic growth was a touch higher in the second quarter than previously estimated due to upward revisions to consumer spending and business inventories, but a surge in imports kept the recovery on a weak path, a government report showed on Thursday. Full Article As TARP ends, small banks struggle to repay September 30, 2010 07:11 AM ET CHARLOTTE/WASHINGTON (Reuters) - The U.S. government's $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation's small and regional banks, even as the program officially expires on Sunday. Full Article China says U.S. yuan bill could harm ties September 30, 2010 05:01 AM ET BEIJING (Reuters) - China on Thursday warned that a House of Represenatives bill to penalize it for not letting the yuan rise faster could seriously affect bilateral ties. Full Article Ireland faces "horrendous" bank bill, Spain downgraded September 30, 2010 07:25 AM ET DUBLIN (Reuters) - Ireland disclosed a "horrendous" worst case price tag of over 50 billion euros ($68 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings. Full Article Consumer czar Warren says wants banks' help on rules September 30, 2010 03:06 AM ET WASHINGTON (Reuters) - Elizabeth Warren, the Obama administration's new consumer financial czar, offered an olive branch to the largest U.S. banks on Wednesday, saying she wanted their help in developing a principles-based approach to rulemaking. Full Article Special report: How Dubai got serious September 30, 2010 07:50 AM ET DUBAI (Reuters) - Once filled with the cacophony of cranes and construction laborers, Dubai today hums to the work of a quieter crowd. The brash Gulf emirate, renowned for extravagant real estate projects and flashy living, has turned into a city of auditors. Full Article Sanofi revamps R&D with $1.2-2.2 billion Covance deal September 30, 2010 07:49 AM ET PARIS (Reuters) - Sanofi-Aventis , which is seeking to buy U.S. biotech firm Genzyme to boost its drug portfolio, signed a major R&D outsourcing deal with Covance on Thursday in an attempt to improve returns. Full Article McDonald's may drop health insurance: report September 29, 2010 11:23 PM ET NEW YORK (Reuters) - McDonald's Corp may cut health insurance for its nearly 30,000 hourly workers unless U.S. regulators waive a requirement of new health care legislation championed by President Barack Obama, The Wall Street Journal reported, citing a company memo. Full Article

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