Business Today: Stock futures rebound from steep losses

Click to View in Browser 04/11/2012 Stock futures rebound from steep losses NEW YORK (Reuters) - Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent. Alcoa surprises Wall Street with first-quarter profit NEW YORK (Reuters) - Aluminum producer Alcoa Inc surprised Wall Street with a first-quarter profit after a loss in the fourth quarter of 2011 as global markets improved, especially in the aerospace and automobile sectors. Travelzoo shares soar on sale report (Reuters) - Shares of Travelzoo Inc jumped 30 percent in premarket trading on Wednesday after Reuters reported that the publisher of travel newsletters and websites was planning to sell itself. Carlyle eyes $7.5-$8 billion valuation in IPO: source NEW YORK (Reuters) - Carlyle Group LP is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, said a source with knowledge of the situation. Nokia warns on H1 phone business loss HELSINKI (Reuters) - Mobile phone maker Nokia warned its phone business would post losses in the first and the second quarter as tough competition hurts it at a time of product revamp, sending its shares sharply lower. Sands' Adelson plans $35 billion casino-resort in Spain MACAU (Reuters) - Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex. Banks lead FTSE bounce after positive broker comment LONDON (Reuters) - Britain's top share index rose around midday on Friday with banks leading the gainers after being boosted by a positive broker comment. Insurers rethink coverage after weather disaster payouts PITTSBURGH (Reuters) - As weather disasters strike with more frequency, homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities. March import prices up by most in nearly a year WASHINGTON (Reuters) - U.S. import prices rose in March by the most in nearly a year on sharply higher petroleum costs, but prices outside food and energy climbed more modestly. UBS fends off lawsuit of billionaire tax evader (Reuters) - A U.S. federal judge ruled on Tuesday in favor of Swiss bank UBS AG in a lawsuit brought by Igor Olenicoff, a billionaire former client who ran afoul of the tax-collecting Internal Revenue Service and tried to blame the bank. Related Video 2012 World Gold Market Survey - Thomson Reuters GFMS Wealth Strategies: Google may not beat, but funds are buying Economic News Fed's Lockhart says bar still high for more easing Bernanke says banks need bigger capital buffer 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