Business Today: Futures off on euro zone fears, housing data eyed

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good Morning Aron, TUE 30 Nov 2010    Futures off on euro zone fears, housing data eyed Obama, Republicans in tax face-off at White House Euro zone periphery hammered as default fears rise Google nears deal to buy Groupon: report Merck elevates Frazier to succeed Clark as CEO Lowe's reaffirms view, to tell of new growth plans Lehman sues BofA over $150 million CDO collateral ABB to buy Baldor Electric for $3.1 billion Japan, South Korea factory output slumps as Asia shifts Wealthy may ring out 2010 with tax-minded gifts Euro zone expects slower growth 2011 Mega Monday - online Xmas sales soar Irish bailout fails to rally euro Futures off on euro zone fears, housing data eyed November 30, 2010 08:06 AM ET NEW YORK (Reuters) - Stock index futures were lower on Tuesday as worries persisted over euro zone debt and ahead of key data that will indicate the strength of the recovery in the world's largest economy. Full Article Obama, Republicans in tax face-off at White House November 30, 2010 08:04 AM ET WASHINGTON (Reuters) - President Barack Obama faces off with Republican congressional leaders over taxes on Tuesday in a test-of-wills that could foreshadow how the White House works with the opposition party in the coming two years. Full Article Euro zone periphery hammered as default fears rise November 30, 2010 08:23 AM ET LISBON/DUBLIN (Reuters) - The euro zone's debt crisis deepened on Tuesday as investors pushed the spreads on Spanish, Italian and Belgian bonds to euro lifetime highs and Portugal warned of "intolerable risks" facing its banks. Full Article Google nears deal to buy Groupon: report November 30, 2010 07:17 AM ET BANGALORE (Reuters) - Google Inc is inching toward buying e-commerce coupon website Groupon Inc for as much as $6 billion, the New York Times said on Tuesday. Full Article Merck elevates Frazier to succeed Clark as CEO November 30, 2010 08:18 AM ET NEW YORK (Reuters) - Merck & Co president Kenneth Frazier will succeed Richard Clark as the U.S. drugmaker's chief executive officer, effective Jan 1, the company said on Tuesday. Full Article Lowe's reaffirms view, to tell of new growth plans November 30, 2010 07:43 AM ET NEW YORK (Reuters) - Home improvement chain Lowe's Cos reiterated its sales and profit outlook for its current fiscal 2010 fiscal year, and it said it would announce new strategies to serve what it called more exacting consumers. Full Article Lehman sues BofA over $150 million CDO collateral November 30, 2010 08:33 AM ET NEW YORK (Reuters) - A unit of Lehman Brothers Holdings Inc, which filed the largest U.S. bankruptcy, has sued Bank of America Corp to stop it from taking $150 million of collateral that Lehman says belongs to creditors. Full Article ABB to buy Baldor Electric for $3.1 billion November 30, 2010 07:31 AM ET ZURICH (Reuters) - Swiss engineering group ABB is to buy U.S. industrial motors firm Baldor Electric Co for $3.1 billion to capitalize on a global push for energy efficiency and boost its North American presence. Full Article Japan, South Korea factory output slumps as Asia shifts November 30, 2010 03:55 AM ET TOKYO/SEOUL (Reuters) - Factories in Japan and South Korea cut output in October, adding to evidence of an Asia-wide slowdown and boding ill for the rest of the world that has relied on the region to keep the global economy humming. Full Article Wealthy may ring out 2010 with tax-minded gifts November 30, 2010 07:57 AM ET NEW YORK (Reuters) - December is the season of giving, but quirks in the estate tax may prompt some wealthy seniors to be especially generous this year. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers