Business Today: Stock index futures tumble after S&P downgrade

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	08/8/2011
Good Morning Aron LATEST NEWS Stock index futures tumble after S&P downgrade NEW YORK (Reuters) - Stock index futures tracked a sharp drop in global equity markets on Monday after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, rattling already-jittery investors. | Full Article ECB backs Italy and Spain in bid to halt euro crisis August 08, 2011 08:28 AM ET LONDON/PARIS (Reuters) - The European Central Bank intervened dramatically in bond markets on Monday, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the euro zone. | Full Article Moody's says U.S. needs to find more deficit cuts August 08, 2011 04:09 AM ET NEW YORK (Reuters) - Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then. | Full Article Mitsubishi Heavy says no merger talks with Toshiba: report August 08, 2011 06:27 AM ET TOKYO (Reuters) - Mitsubishi Heavy Industries' president said his company has no plans to start merger talks with Hitachi , the Mainichi daily reported on Monday, in the first public denial by its top executive. | Full Article Verizon unions strike after contract talks fail August 07, 2011 10:08 PM ET NEW YORK (Reuters) - Almost half the workers in Verizon Communications' wireline telecommunications business went on strike on Sunday as negotiations for a new labor contract failed. | Full Article US TOP NEWS Debt issuers brace for impact from downgrade August 08, 2011 12:22 AM ET NEW YORK (Reuters) - A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral. | Full Article Geithner to stay on as Treasury chief August 08, 2011 12:22 AM ET WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request. | Full Article UK government condemns London rioters as criminals August 08, 2011 08:34 AM ET LONDON (Reuters) - British government officials branded rioters who fought police, looted shops and set fire to buildings at the weekend as opportunistic criminals and said the violence, the worst in London for years, would not affect preparations for next summer's Olympic Games. | Full Article Analysis: Beyond debt woes, a wider crisis of globalization? August 08, 2011 08:23 AM ET LONDON (Reuters) - The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has been run for over two decades. | Full Article Parties rachet up blame game post credit downgrade August 07, 2011 05:01 PM ET WASHINGTON (Reuters) - U.S. political parties on Sunday traded blame for the country's loss of its top-tier AAA credit rating from Standard & Poor's, raising doubts lawmakers can still find a common ground to solve the country's debt problem. | Full Article HEALTH NEWS Russia says to lift ban on EU vegetables from Aug 9 Experts grow mouse sperm to help with human infertility Kids' packed lunches too warm to be safe: study Turkey recall raises U.S. food safety questions Inappropriate use of blood cell booster widespread RELATED VIDEO After stocks rout, charts point to retracement level: Muller Exclusive - Reuters FX flow data shows 98 Canadian cents key Nissan to cut exports by a third 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 Busy NYC Starbucks block sockets to free up seats Full Article Lobsters liberated by Buddhist intervention Vonnegut library offers banned book to students - 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