Business Today: Futures rise after surge as investors look to data

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	08/12/2011
Good Morning Aron LATEST NEWS Futures rise after surge as investors look to data NEW YORK (Reuters) - U.S. futures were higher on Friday, signaling stocks would extend the previous day's big gains, after a rally in Europe and another strong outlook from a technology company. | Full Article July retail sales up 0.5 percent, biggest gain since March August 12, 2011 08:37 AM ET WASHINGTON (Reuters) - Retail sales in July posted their biggest gain since March, tempering fears that the world's largest economy might be slipping back into recession. | Full Article Europe short-selling ban reveals divisions August 12, 2011 08:20 AM ET PARIS/MILAN (Reuters) - A piecemeal ban on short-selling of financial stocks in Europe sparked a rush of alternative proposals from countries and regulators on Friday and investors said the row undermined a rally in bank shares. | Full Article French banks weigh legal moves over rumors August 12, 2011 06:26 AM ET PARIS (Reuters) - French banks are considering legal action over a series of rumors that have rocked their shares this week, the French Banking Federation said on Friday. | Full Article Penney profit flat and forecasts Q3 sales gains August 12, 2011 08:08 AM ET NEW YORK (Reuters) - J.C. Penney Co Inc reported a flat quarterly profit on Friday as sales were dampened by its exit from its catalog business, and the retailer became the latest department store chain to forecast continued sales gains in the current quarter. | Full Article US TOP NEWS Bachmann, Pawlenty clash in heated debate August 12, 2011 04:50 AM ET AMES, Iowa (Reuters) - Republicans Michele Bachmann and Tim Pawlenty clashed repeatedly over their records during a presidential debate on Thursday, two days before they vie for conservative support in a straw poll that could make or break their campaigns. | Full Article SEC investigating S&P's downgrade of U.S. debt: report August 12, 2011 01:40 AM ET (Reuters) - The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter. | Full Article French economy stagnates in second quarter August 12, 2011 06:43 AM ET PARIS (Reuters) - French economic growth ground to a halt as household spending shrank in the second quarter, raising pressure on the government to announce cutbacks to convince turbulent markets it will deliver on debt reduction targets. | Full Article Italy eyes tax hikes as cabinet meets on crisis August 12, 2011 06:33 AM ET ROME (Reuters) - Prime Minister Silvio Berlusconi called an emergency cabinet meeting on Friday to adopt measures expected to include tax hikes and spending cuts to shore up confidence in Italy's strained public finances. | Full Article British police out in force to deter riots August 12, 2011 07:44 AM ET LONDON (Reuters) - British police prepared to flood the streets on Friday to ensure that weekend drinking does not reignite the rioting that swept London and other cities this week, shocking Britons and sullying their country's image a year before it hosts the Olympics. | Full Article HEALTH NEWS Woman mauled by chimp shows new face in first photo Experts to hunt down rogue genes for China's cholesterol problem Health and defense lobby groups ready for super fight Superbug more common in kids who've used antibiotics Silence is golden during eye injections RELATED VIDEO Premier League Opening Weekend Inside the News: Risk aversion eases after short selling ban Russian investors fear the curse of August A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Tarantula fright at rail station Full Article Judge rules inmate has no right to matzoh Man allegedly stole, swallowed client's ring Feared criminal takes short walk to freedom Trojan horse t-shirts trick neo-Nazis Deaf man complains nudists would not provide interpreter - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend