Business Today: Stock futures gain 1 percent with global indexes

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	08/23/2011
Good Morning Aron LATEST NEWS Stock futures gain 1 percent with global indexes NEW YORK (Reuters) - Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared. | Full Article S&P replaces president with Citibank exec after U.S. downgrade August 23, 2011 07:59 AM ET SYDNEY/BANGALORE (Reuters) - The chief of Standard & Poor's will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington. | Full Article UBS axes 3,500 jobs in cost-cutting push August 23, 2011 07:49 AM ET ZURICH (Reuters) - Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years. | Full Article China factory output cools in August: HSBC August 23, 2011 01:33 AM ET BEIJING (Reuters) - China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday. | Full Article German court to rule on Sept 7 on euro, Greek bailouts August 23, 2011 06:35 AM ET BERLIN (Reuters) - Germany's constitutional court will announce its verdict on September 7 on whether the government broke the law with last year's euro zone and Greek bailout packages, it said in a statement on Tuesday. | Full Article US TOP NEWS Libya rebels close in on Gaddafi compound August 23, 2011 08:23 AM ET TRIPOLI (Reuters) - Libyan rebels battled on Tuesday around Muammar Gaddafi's headquarters, where a son of the veteran leader had emerged overnight to confound reports of his capture and to rally cheering loyalists for a rearguard fightback. | Full Article Euro, global stocks gain on modest euro zone, China data August 23, 2011 07:50 AM ET LONDON (Reuters) - World stocks, the euro and commodities rose on Tuesday, after gauges of Chinese and euro zone economic activity came in less gloomy than feared, encouraging investors to dip back into the market after a recent sharp selloff on global growth concerns. | Full Article Special report: In Libya, the cellphone as weapon August 23, 2011 08:33 AM ET MISRATA, Libya (Reuters) - When Muammar Gaddafi's government shut off the cellphone network in Misrata in the early days of Libya's uprising, it wanted to stop rebel forces communicating with each other. But the power of a modern phone goes beyond its network. | Full Article Don't count U.S., Japan out, Biden tells the world August 23, 2011 06:35 AM ET SENDAI, Japan (Reuters) - U.S. Vice President Joe Biden visited Japan's quake-hit northeast on Tuesday and said the country would recover from the disaster just as the United States would overcome its debt crisis, warning doubters not to count the two countries out. | Full Article Prosecutors ask NY judge to drop Strauss-Kahn case August 23, 2011 03:16 AM ET NEW YORK (Reuters) - New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn on Monday, a stunning reversal that could revive the political future of a man many had seen as the next president of France. | Full Article HEALTH NEWS Glaxo HPV vaccine protects women from anal cancer: study Less-invasive appendix surgery shines in new study Writing problems common in kids with ADHD Bone drug tied to lower colon cancer risk Insight: DePuy's handling of hip recall sparks questions RELATED VIDEO Asian shares up, boosted by China data Libyan oil installations could be operational in weeks: OPS Oil company CDS premiums on the rise 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 Woman, 90, beats back burglars with cane Full Article Ferry runs aground after captain stuck in toilet Snake that crashed funeral up for adoption Urban cliff divers make a splash - 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