Business Today: Stock futures rise as Chinese manufacturing grows

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Good Morning Aron, FRI 01 Oct 2010    Stock futures rise as Chinese manufacturing grows Dudley: More Fed action warranted unless outlook improves BP pledges Gulf of Mexico oil fields to spill fund Consumer spending up, inflation muted in August Report to say Waddell stoked flash crash: source Sinopec buys 40 percent of Repsol Brazil for $7.1 billion UAL, Continental close deal to form No. 1 airline Humana, Wal-Mart unveil low-cost Medicare drug plan HP names SAP ex-chief as its new CEO, shares slide Treasury to earn $2.25 billion on Citi securities China, U.S. economic data lift Asia Toyota orders in Japan tumble-Nikkei Art's post-recession draw Stock futures rise as Chinese manufacturing grows October 01, 2010 08:23 AM ET NEW YORK (Reuters) - Stock index futures rose on Friday as a pick up in Chinese manufacturing eased concerns about the state of the global economy a day after Wall Street closed its best quarter in a year. Full Article Dudley: More Fed action warranted unless outlook improves October 01, 2010 08:34 AM ET NEW YORK (Reuters) - More action by the Federal Reserve to boost growth will likely be warranted unless the economic outlook improves, a top Federal Reserve official said on Friday. Full Article BP pledges Gulf of Mexico oil fields to spill fund October 01, 2010 08:18 AM ET LONDON (Reuters) - BP, which faces U.S. opposition to drilling for oil in the Gulf of Mexico, named fields there that it will use to help finance its $20 billion fund for victims of the worst oil spill in U.S. history. Full Article Consumer spending up, inflation muted in August October 01, 2010 08:32 AM ET WASHINGTON (Reuters) - Consumer spending rose slightly more than expected in August, but inflation remained subdued, leaving the door open for the Federal Reserve to launch a fresh round of monetary policy easing. Full Article Report to say Waddell stoked flash crash: source October 01, 2010 07:44 AM ET WASHINGTON/NEW YORK (Reuters) - A single trade by Waddell & Reed Financial Inc helped spark the cascade of market selling on May 6, said a source familiar with regulators' report on the so-called flash crash. Full Article Sinopec buys 40 percent of Repsol Brazil for $7.1 billion October 01, 2010 06:26 AM ET MADRID/BEIJING (Reuters) - Chinese refiner Sinopec Group will buy 40 percent of Spanish oil major Repsol's Brazilian arm for $7.1 billion, strengthening resource-hungry China's presence in Latin America. Full Article UAL, Continental close deal to form No. 1 airline October 01, 2010 08:12 AM ET CHICAGO (Reuters) - UAL Corp and Continental Airlines Inc closed their merger deal on Friday to form the world's largest carrier, called United Airlines. Full Article Humana, Wal-Mart unveil low-cost Medicare drug plan October 01, 2010 08:01 AM ET NEW YORK (Reuters) - Health insurer Humana Inc and Wal-Mart Stores Inc will team up to offer a U.S. Medicare prescription drug coverage plan next year that will have the lowest premiums in the country, the companies said on Friday. Full Article HP names SAP ex-chief as its new CEO, shares slide September 30, 2010 10:02 PM ET SAN FRANCISCO (Reuters) - Hewlett-Packard Co named Leo Apotheker, the former head of German software company SAP, its new chief executive in a surprise appointment. Full Article Treasury to earn $2.25 billion on Citi securities September 30, 2010 10:53 PM ET WASHINGTON/NEW YORK (Reuters) - The Treasury said on Thursday it will earn a net profit of $2.246 billion on the sale of Citigroup trust preferred securities and has cut its ownership stake in the bailed-out banking giant to 12.4 percent. Full Article

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