Business Today: Stock futures edge up ahead of data; Oracle advances

Click to View in Browser 03/21/2012 Stock futures edge up ahead of data; Oracle advances NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak. General Mills profit dips as commodity costs rise (Reuters) - General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials. JPMorgan to buy stake in Chinese trust firm: reports (Reuters) - U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports. Developing nations to name two candidates for World Bank WASHINGTON (Reuters) - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday. Analysis: Turning point in the currency war LONDON (Reuters) - A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies. UAE's Emal sales to U.S. to more than double in 2012 ABU DHABI (Reuters) - Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), is looking to double its exports to the United States by the end of 2012 as demand from the automotive industry rises, it said on Wednesday. Generali targets 5 billion euro operating profit after weak 2011 MILAN (Reuters) - Generali , Europe's No.3 insurer, is targeting operating profit of more than 5 billion euros ($6.6 billion) in the mid term as it sees no repeat of the dramatic market shocks that prompted big writedowns in the past year. Scandal-hit Olympus unveils new devices to rebuild firm TOKYO (Reuters) - Japan's scandal-hit Olympus Corp on Wednesday unveiled three new medical products it hopes will help it out of the crisis left by a huge accounting fraud which erupted last year, threatening to destroy the 92-year-old firm. Chevron says Brazil leak different from old spill RIO DE JANEIRO (Reuters) - Chevron, the No. 2 U.S. oil company, said Wednesday that oil from the latest leak in a Brazilian offshore field was not chemically related to oil from a November spill. Still a China outsider, Volvo banks on "Linsanity" appeal BEIJING (Reuters) - When Chinese car maker Geely bought Volvo 18 months ago, some predicted a government which has made it a priority to buy or build high-end international brands would roll out the red carpet for the country's first fully-owned premier marquee. Related Video Sainsbury's CFO expects Olympics boost Reuters Today: UK prepares for a tax and spend (cuts) budget Economic News Home building permits near 3.5-year high Fed can rein in inflation when needed: Kocherlakota A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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 - 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