Business Today: Firming dollar sends stock futures lower

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Good Morning Aron, TUE 12 Oct 2010    Firming dollar sends stock futures lower Pfizer to buy King Pharma for $3.6 billion in cash Asia stiffens resolve to resist capital inflows Google joins $5 billion offshore wind power cable JV Icahn supports Lions Gate, MGM merger Not many early bonuses for Wall Street banks: experts States to probe mortgage foreclosures: report Banks credit improved in Q3 but growth uncertain Kerviel verdict boomerangs on bank Small business optimism edges higher in Sept Dlr edges up, Japan warns on forex Microsoft aims at smartphone rivals U.S. economist shares Nobel prize Firming dollar sends stock futures lower October 12, 2010 08:08 AM ET NEW YORK (Reuters) - Stock index futures fell on Tuesday as the dollar firmed and an official Chinese newspaper confirmed the nation's central bank increased its required reserve ratio for six banks. Full Article Pfizer to buy King Pharma for $3.6 billion in cash October 12, 2010 08:31 AM ET NEW YORK (Reuters) - Pfizer Inc reached a deal to buy drugmaker King Pharmaceuticals Inc for $3.6 billion in cash, aiming to boost revenue before it loses patent protection on some of its top-selling treatments. Full Article Asia stiffens resolve to resist capital inflows October 12, 2010 07:57 AM ET BANGKOK/BEIJING (Reuters) - Thailand slapped a tax on foreign investment in government debt on Tuesday, Japan said it could intervene anew to weaken the yen and China again talked down the prospects of a faster rise in the yuan. Full Article Google joins $5 billion offshore wind power cable JV October 12, 2010 08:36 AM ET TOKYO (Reuters) - Google Inc has joined an estimated $5 billion undersea cable project to carry power from offshore wind farms to the east coast of the United States. Full Article Icahn supports Lions Gate, MGM merger October 12, 2010 07:35 AM ET BANGALORE (Reuters) - Activist investor Carl Icahn said he supported Lions Gate Entertainment Corp's proposal to merge with debt-strapped film studio Metro-Goldwyn-Mayer. Full Article Not many early bonuses for Wall Street banks: experts October 12, 2010 08:01 AM ET NEW YORK (Reuters) - Large Wall Street banks are unlikely to accelerate bonus payouts, even if doling out bonuses in December would cut the tax bills of employees, compensation experts said. Full Article States to probe mortgage foreclosures: report October 12, 2010 07:59 AM ET BANGALORE (Reuters) - As many as 40 state attorneys general in the United States are expected to announce an investigation into the mortgage servicing industry on Wednesday, the Wall Street Journal said. Full Article Banks credit improved in Q3 but growth uncertain October 12, 2010 08:03 AM ET NEW YORK/CHARLOTTE, North Carolina (Reuters) - One of the U.S. banking industry's main methods of pumping up profits in recent quarters may be nearing its limits, and third-quarter results are expected to be lackluster as a result. Full Article Kerviel verdict boomerangs on bank October 12, 2010 07:53 AM ET PARIS (Reuters) - A week after judges threw the book at fallen rogue trader Jerome Kerviel for risky bets that cost Societe Generale 4.9 billion euros ($6.79 billion), the dust has yet to settle on France's biggest trading scandal. Full Article Small business optimism edges higher in Sept October 12, 2010 07:34 AM ET WASHINGTON (Reuters) - Small business owners grew slightly more optimistic about their economic outlook in September even as more firms planned to cut staff than hire new workers, a survey showed on Tuesday. Full Article

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