Business Today: Stock futures rise as investors eye Fed meeting

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Good Morning Aron, MON 20 Sep 2010    Stock futures rise as investors eye Fed meeting Verizon names McAdams as COO, likely next CEO BP says oil spill compensation payout rate soars Lennar profit beats but new orders fall Nissan to double China capacity AIG plans to list AIA on Oct 29: sources Indian conglomerate in talks about MGM bid General Growth, Hughes heirs to settle dispute: report Clorox may sell automotive care business: report Bailout cop expands staff as TARP expires China's SAIC eyes GM stake Asian markets mixed, eye Fed meeting BP oil well sealed. Stock futures rise as investors eye Fed meeting September 20, 2010 08:23 AM ET NEW YORK (Reuters) - Stock index futures rose on Monday, looking to extend Wall Street's three weeks of gains as investors awaited the Federal Reserve's monetary meeting later in the week. Full Article Verizon names McAdams as COO, likely next CEO September 20, 2010 08:32 AM ET NEW YORK (Reuters) - Verizon Communications Inc said on Monday it named Lowell McAdam its president and chief operating officer, setting the veteran executive up as the successor to Chief Executive Ivan Seidenberg. Full Article BP says oil spill compensation payout rate soars September 20, 2010 04:31 AM ET LONDON (Reuters) - BP said payouts to people affected by its Gulf of Mexico oil spill had dramatically increased since it surrendered authority for dispensing funds to an independent administrator. Full Article Lennar profit beats but new orders fall September 20, 2010 06:47 AM ET BANGALORE (Reuters) - Lennar Corp , the third-largest U.S. homebuilder, posted a better-than-expected third-quarter profit as deliveries jumped. Full Article Nissan to double China capacity September 20, 2010 08:22 AM ET ZHENGZHOU, China/HONG KONG (Reuters) - Japan's Nissan Motor plans to double its capacity in China by 2012, joining a host of peers that have made similar recent moves to capture a bigger slice of the world's biggest auto market. Full Article AIG plans to list AIA on Oct 29: sources September 20, 2010 07:41 AM ET HONG KONG (Reuters) - American International Group Inc plans to list its Asian life insurance unit, AIA Group Ltd, on October 29, aiming to raise about $15 billion in Hong Kong, sources familiar with the deal said on Monday. Full Article Indian conglomerate in talks about MGM bid September 20, 2010 07:38 AM ET SAN FRANCISCO (Reuters) - Indian conglomerate Sahara India Pariwar is in discussions about buying the debt of struggling film studio Metro-Goldwyn-Mayer for $1.5 billion to $2 billion, according to two people familiar with the matter. Full Article General Growth, Hughes heirs to settle dispute: report September 20, 2010 01:53 AM ET BANGALORE (Reuters) - U.S. mall owner General Growth Properties Inc will take full ownership of a Las Vegas residential property by paying $230 million to the heirs of Howard Hughes in a bid to settle a potential dispute, the Wall Street Journal said. Full Article Clorox may sell automotive care business: report September 20, 2010 05:35 AM ET BANGALORE (Reuters) - Clorox Co , the maker of household cleaning products, is close to selling its auto-care business to private equity firm Avista Capital Partners for $750-$800 million, Bloomberg said. Full Article Bailout cop expands staff as TARP expires September 20, 2010 04:59 AM ET WASHINGTON (Reuters) - The Treasury's $700 billion bailout fund officially expires in two weeks, but not for Neil Barofsky, the top cop for the Troubled Asset Relief Program. Full Article

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