Business Today: Wall Street set to fall on Greece, economy worries

03/6/2012 Wall Street set to fall on Greece, economy worries NEW YORK (Reuters) - Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data. Bondholder group sees 1 trillion euro Greek default risk LONDON (Reuters) - A disorderly Greek default would cause more than a trillion euros ($1.3 trillion) of damage to the euro zone and could leave Italy and Spain dependent on outside help to stop contagion spreading, the main bondholders group has said. Peugeot offers big discount on $1.3 billion share sale PARIS/GENEVA (Reuters) - French carmaker PSA Peugeot Citroen announced the terms of a 1 billion euro ($1.3 billion) share sale to fund its alliance with U.S. peer General Motors, offering a big discount to draw in funds for overseas expansion and new models. Analysis: Wal-Mart's price push tests manufacturers' prowess NEW YORK/CHICAGO (Reuters) - Consumer staples companies have a problem. It costs more to make everything from soup to soap to soda, but when they raise prices they turn off consumers and strain their relationships with Wal-Mart Stores Inc, their biggest customer. AIA shares slide after $6 billion AIG selldown HONG KONG (Reuters) - Shares in AIA Group Ltd had their second-biggest one-day percentage fall on Tuesday after its former parent, American International Group (AIG)), raised about $6 billion by selling shares at the bottom end of the marketing range. Euro zone industry, spending down in late 2011 BRUSSELS (Reuters) - A collapse in household spending, exports and manufacturing sucked the life out of the euro zone's economy in the final months of 2011, the EU said on Tuesday, showing the scope of the downturn that looks set to become a fully fledged recession. Safeway forecasts higher profit for 2012 (Reuters) - Supermarket operator Safeway Inc said on Tuesday it expects higher sales and profit this year. Small is big in Ford's India drive CHENGALPATTU, India (Reuters) - Ford Motor Co will focus on small, low-cost cars in India to make the country a manufacturing hub for Africa and the Asia-Pacific region, the head of its Indian operations said, as it races to catch up with global rivals in the fast-growing market. Car makers battle to escape Europe's slow lane GENEVA/LONDON (Reuters) - The differing fortunes of car makers in Europe were on display at the Geneva Auto Show, with investment by Nissan and upbeat forecasts from BMW and Volkswagen contrasting with a discounted cash call from Peugeot to fund its tie-up with General Motors. Japan watchdog files criminal complaint against Olympus TOKYO (Reuters) - Japan's securities watchdog became on Tuesday the latest authority to file a criminal complaint against Olympus Corp, some former executives and outside advisers over the company's $1.7 billion accounting fraud. Related Video Breakingviews: Peugeot discount share sale no failure HK's traders take stock, as new lunch hour kicks in Economic News Service sector expands at fastest pace in year Fed's Fisher says more bond buys risky 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