Business Today: Futures dip on euro zone worries

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Good Morning Aron, MON 29 Nov 2010    Futures dip on euro zone worries France, Germany say euro saved, but investors skeptical Online bargain-hunting spreads beyond Cyber Monday Wal-Mart to pay $2.3 billion for control of Massmart Black Friday weekend to help retailers beat Street World Bank chief says double-dip recession unlikely: TV BP rises after sells Argentine stake for $7 billion Merrill spin-off First Republic files for IPO J&J must pay Basilea $130 million for drug license breach Starbucks accuses Kraft of hurting grocer sales Futures dip on euro zone worries November 29, 2010 07:49 AM ET NEW YORK (Reuters) - U.S. stock index futures turned negative on Monday as worries lingered about Europe's ability to contain a credit crisis despite agreeing to bailout Ireland over the weekend. Full Article France, Germany say euro saved, but investors skeptical November 29, 2010 08:13 AM ET BERLIN/PARIS (Reuters) - Germany and France declared on Monday that Europe had taken decisive action to save the euro by rescuing Ireland and laying the foundations of a permanent debt resolution system, but markets were unconvinced. Full Article Online bargain-hunting spreads beyond Cyber Monday November 29, 2010 03:11 AM ET SAN FRANCISCO (Reuters) - Early discounts may have taken some of the shine off Cyber Monday but the key online holiday shopping day is still expected to attract bargain hunters who may not have had their fill over the weekend. Full Article Wal-Mart to pay $2.3 billion for control of Massmart November 29, 2010 06:54 AM ET JOHANNESBURG (Reuters) - Wal-Mart made a $2.3 billion formal bid for control of Massmart , giving the world's largest retailer a substantial presence in South Africa and paving the way for further expansion across the fast-growing continent. Full Article Black Friday weekend to help retailers beat Street November 29, 2010 08:34 AM ET NEW YORK (Reuters) - U.S. retailers are poised to report November sales above forecasts, helped by an increase in shopper visits over the Black Friday weekend and more consumers buying gifts for themselves and shopping online. Full Article World Bank chief says double-dip recession unlikely: TV November 29, 2010 07:02 AM ET NEW DELHI (Reuters) - The global recovery continues to be "very uncertain," but a double-dip recession is unlikely, the World Bank president said in a television interview to be aired on Monday evening. Full Article BP rises after sells Argentine stake for $7 billion November 29, 2010 04:42 AM ET LONDON (Reuters) - Shares in oil major BP rose on Monday after the company said at the weekend that it had agreed to sell its 60 percent interest in Pan American Energy for $7 billion. Full Article Merrill spin-off First Republic files for IPO November 29, 2010 08:05 AM ET NEW YORK (Reuters) - Former Merrill Lynch-owned lender First Republic Bank filed with U.S. regulators on Monday to raise up to $280 million in an initial public offering of common stock. Full Article J&J must pay Basilea $130 million for drug license breach November 29, 2010 07:01 AM ET ZURICH (Reuters) - Johnson & Johnson must pay former Swiss partner Basilea about $130 million for breaching a license agreement for a superbug antibiotic, a Dutch arbitration tribunal has ruled. Full Article Starbucks accuses Kraft of hurting grocer sales November 28, 2010 07:21 PM ET LOS ANGELES/NEW YORK (Reuters) - Starbucks Corp has accused Kraft Foods Inc of mismanaging sales of its packaged coffee in grocery stores and wants to end their 12-year partnership due to Kraft's "material breaches" of their contract. Full Article

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