Business Today: Wall Street to dip at open, eyes on oil prices

03/2/2012 Wall Street to dip at open, eyes on oil prices NEW YORK (Reuters) - Wall Street was set to fall at the open on Friday in a light day on the economic calendar, but S&P futures were still on track to close their ninth straight week of gains, the longest such run since January 2004. Pact for budget discipline signed by 25 EU states BRUSSELS (Reuters) - All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to debt crisis. Yelp prices IPO above range, valued at $900 million (Reuters) - Yelp Inc priced its initial public offering of class A common stock at $15 a share, above the expected price range, valuing the U.S. consumer review website at nearly $900 million. Spain defies Brussels on deficit target MADRID/BRUSSELS (Reuters) - Spain defied the European Union on Friday, setting a 2012 deficit target at 5.8 percent of gross domestic product, a far softer goal than the 4.4 percent agreed with Brussels. Exclusive: Facebook seeking bigger credit line SAN FRANCISCO (Reuters) - Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans. EU to decide on firewall in March, ECB says clock BRUSSELS (Reuters) - The euro zone will decide whether to increase its debt crisis firewall before the end of March after the European Central Bank said its extraordinary support measures would not be repeated, putting the onus squarely back on governments to act. Fed's Williams: Higher oil affecting U.S. growth HONOLULU, Hawaii (Reuters) - Higher oil prices are affecting U.S. growth but are currently not a reason to think the economy will stall, a top Federal Reserve official said on Thursday. Barclays taps ECB for 8.2 billion euros of cheap cash LONDON (Reuters) - Britain's Barclays tapped Europe's central bank for 8.2 billion euros ($10.9 billion) of cheap funding this week, marking a U-turn for the bank as it had been worried about the risk of political interference from taking funds. Starbucks targets Nestle market share: report FRANKFURT (Reuters) - U.S.-based Starbucks Corp is planning to strengthen its presence in Europe and grab market share from Switzerland's Nestle in the area of instant coffee, its chief executive told a German newspaper. U.S. seeks dismissal of lawsuit on AIG takeover (Reuters) - The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents showed. Related Video Boom and bust in UK retail Reuters Today: Europe seeks to balance austerity and growth Economic News Fed officials flag soft economy but mum on easing Fed's Williams: Higher oil affecting U.S. growth 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