Business Today: Stock futures higher ahead of Feb home sales data

Click to View in Browser 03/26/2012 Stock futures higher ahead of Feb home sales data NEW YORK (Reuters) - U.S. stock index futures rose on Monday, pointing to an equities rebound after the S&P's worst weekly performance so far this year, as investors looked ahead to data on February pending home sales. Bernanke: U.S. needs faster growth to lower unemployment WASHINGTON (Reuters) - The U.S. economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate, Federal Reserve Chairman Ben Bernanke said on Monday. Exclusive: RBS halts India tanker payment due to Iran sanctions NEW DELHI/SINGAPORE (Reuters)- The Royal Bank of Scotland has halted payments to a Greek ship owner which transported Iranian oil for an Indian shipping company, in line with Western sanctions aimed at hindering Iranian crude exports, shipping sources told Reuters. Yahoo names three new independent directors to board NEW YORK (Reuters) - Yahoo Inc has appointed three new independent directors as it prepares for a proxy fight with activist hedge fund investor Daniel Loeb. Insight: Spain's jobless immigrants take on banks over mortgages MADRID (Reuters) - Every Tuesday evening dozens of homeowners who cannot pay their mortgages gather in a cramped community center near Madrid's main bullring to discuss strategy to fight their banks. U.S. regulator feels pressure over Freddie, Fannie: report WASHINGTON (Reuters) - Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. "If you do principal forgiveness, who is it benefiting? ... Doing principal forgiveness is what would protect the big banks," said Edward DeMarco, the acting director of the Federal Housi Nervous banks hold back Europe's revival strategy (Reuters) - Among the piles of papers on one European diplomat's desk in Brussels is a memo with the words "growth" and "jobs" scrawled in blue ink, followed by a large question mark. GM recalls more than 6,000 vans, SUVs over steering (Reuters) - General Motors Co is recalling 6,159 big vans and sport-utility vehicles in the United States for possible loss of steering. Credit Suisse cuts Safeway on pension cost woes (Reuters) - Credit Suisse downgraded Safeway Inc to "neutral" from "outperform" saying the second-biggest U.S. supermarket operator has a larger-than-expected underfunded pension liability. Contract research firm Cetero seeks bankruptcy protection (Reuters) - Contract research firm Cetero filed for bankruptcy protection early on Monday, court documents show, months after the U.S. drug regulator put the company on notice for faking documents and manipulating drug samples. Related Video U.S. Morning Call: Yahoo readies for battle with Loeb Market Pulse: Euro stumbles as German data boost fizzles Economic News Bernanke: U.S. needs faster growth to lower unemployment Fed's Plosser criticizes unfettered asset-buying 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