Business Today: Stock futures down again on Europe concerns

Click to View in Browser 05/9/2012 Stock futures down again on Europe concerns NEW YORK (Reuters) - Stock index futures fell on Wednesday, with investors again taking their cue from Europe as political uncertainty hung over Greece and concerns arose over the frail state of Spanish banks. Exclusive: Chesapeake CEO arranged new $450 million loan from financier (Reuters) - In the weeks before Chesapeake Energy CEO Aubrey McClendon was stripped of his chairmanship over his personal financial dealings, he arranged an additional $450 million loan from a longtime backer, according to a person familiar with the transaction. Demonstrators targeting BofA annual meeting CHARLOTTE, North Carolina (Reuters) - Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry. Ford's gearhead gadfly may skip the annual meeting (Reuters) - Ford Motor Co's shareholders meeting has been a less colorful affair since Daniel Karpen stopped attending. Spain to demand banks recognize more losses MADRID (Reuters) - Spain will demand banks set aside another 35 billion euros ($45 billion) against loans to the ailing building sector, financial sources said, raising the possibility more public cash will be needed to rescue the country's lenders. AOL quarterly profit beats Street; display ads dip (Reuters) - AOL Inc reported better-than-expected quarterly revenue and profit on Wednesday, although lower premium ad sales in the United States and subscriptions dragged total revenue down. GM begins new attempt to sell French gearbox plant PARIS (Reuters) - General Motors put its gearbox plant in Strasbourg, France, up for sale for a second time in four years, pledging to seek bidders to keep the factory running. Audi tops BMW sales in April BERLIN (Reuters) - Volkswagen's luxury car brand Audi outsold market leader BMW for the first time in more than a year in April as continued high demand from China, the United States and Russia boosted vehicle sales. GSK to go hostile with $2.6 bln Human Genome tender LONDON (Reuters) - GlaxoSmithKline will take its $2.6 billion bid for Human Genome Sciences direct to shareholders this week, after its takeover offer was rejected last month by the U.S. biotech group's board. Japan to take over Tepco after Fukushima disaster TOKYO (Reuters) - Tokyo Electric Power Co , Japan's biggest utility and the owner of the devastated Fukushima nuclear plant, will be taken over by the government after the country's trade minister on Wednesday approved a $12.5 billion capital injection. Related Video Market Pulse: What's Moving Today and Why Economy 2012: Li & Fung feels pain of Europe slowdown Economic News U.S. sees China pushed to let market forces work Mortgage applications gained last week: MBA 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