Business Today: Swiss bank rules send futures down ahead of data

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Good Morning Aron, MON 04 Oct 2010    Swiss bank rules send futures down ahead of data Sanofi launches hostile $18.5 billion bid for Genzyme Fed's Plosser cautions against policy easing: report UBS, C.Suisse must meet tough top-up on Basel III Kuwait commits $1 billion to AIA IPO: source Visa, MasterCard near antitrust settlement: report UK banks may need new bailout in 2011: thinktank AIG in talks to sell India fund unit: report Rockefeller Group takes majority stake in Europa Verizon Wireless to pay refunds for billing errors China's Goldwind in $917 mln IPO Gold nears record, metals firms gain Flash crash culprit Swiss bank rules send futures down ahead of data October 04, 2010 07:58 AM ET NEW YORK (Reuters) - Stock index futures were lower on Monday after a Swiss plan to tighten banking rules raised fears of smaller bank profits ahead of a new round of U.S. data. Full Article Sanofi launches hostile $18.5 billion bid for Genzyme October 04, 2010 08:03 AM ET PARIS (Reuters) - French drugmaker Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share on Monday, taking its $18.5 billion offer direct to shareholders after Genzyme management refused to negotiate. Full Article Fed's Plosser cautions against policy easing: report October 04, 2010 08:00 AM ET SINGAPORE (Reuters) - The Federal Reserve must not launch a new round of asset purchases without setting out what it wants to achieve through the policy, the Financial Times quoted Philadelphia Fed President Charles Plosser as saying. Full Article UBS, C.Suisse must meet tough top-up on Basel III October 04, 2010 08:20 AM ET BERNE (Reuters) - Switzerland has tightened the reins on UBS and Credit Suisse, telling them to hold far more capital than their international rivals to prevent a crisis that could cripple the country. Full Article Kuwait commits $1 billion to AIA IPO: source October 04, 2010 08:29 AM ET HONG KONG, Oct (Reuters) - American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches. Full Article Visa, MasterCard near antitrust settlement: report October 04, 2010 08:24 AM ET NEW YORK (Reuters) - Visa Inc and MasterCard Inc are close to settling a Justice Department antitrust probe over credit card acceptance rules, the Wall Street Journal reported on Sunday, citing people familiar with the negotiations. Full Article UK banks may need new bailout in 2011: thinktank October 04, 2010 04:10 AM ET LONDON (Reuters) - British banks may need another state bailout next year and their borrowing requirements could hit 25 billion pounds ($39.5 billion) a month, a thinktank said, although the UK finance minister dismissed any such scenario. Full Article AIG in talks to sell India fund unit: report October 03, 2010 11:48 PM ET MUMBAI (Reuters) - U.S. insurer American International Group is in talks with potential buyers to sell its mutual funds business in India for roughly $10 million, according to a report in the Mint newspaper citing three unnamed people familiar with the matter. Full Article Rockefeller Group takes majority stake in Europa October 04, 2010 04:14 AM ET LONDON (Reuters) - U.S. real estate investor Rockefeller Group International (RGI) has secured its maiden UK real estate deal with the purchase of a majority interest in unlisted London-based property fund manager Europa Capital. Full Article Verizon Wireless to pay refunds for billing errors October 03, 2010 07:55 PM ET NEW YORK (Reuters) - Verizon Wireless in a statement Sunday said it will pay millions of dollars in refunds to 15 million cell phone customers who were erroneously charged for data sessions or Internet use. Full Article

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