Business Today: Stock futures drop after European elections

Click to View in Browser 05/7/2012 Stock futures drop after European elections NEW YORK (Reuters) - Stock index futures fell on Monday as elections in France and Greece stirred up new uncertainties about how the region will tackle its ongoing debt crisis. Investors fret after Greek, French votes LONDON (Reuters) - Greek and French election results rattled global investors on Monday by undermining confidence in the region's plans to cut spending and tackle its debt crisis, sending the euro to a three-month low. Micron wins exclusive right to bid for Elpida -source TOKYO (Reuters) - Micron Technology won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker, a source with direct knowledge of the deal said, paving the way for the U.S. company to more than double its global market share. Warren Buffett says buying stocks amid market dip (Reuters) - Berkshire Hathaway Inc is adding to its shareholdings of two U.S. companies amid a market dip, billionaire investor Warren Buffett said on Monday. Dish Network adds more subscribers than expected (Reuters) - Dish Network Corp , the second-largest satellite TV company behind DirecTV, added more subscribers than expected in the first quarter after holding the line on prices for its programming packages. Nexen abandons unviable U.S. Gulf well (Reuters) - Nexen Inc said it did not find oil or natural gas in commercial quantities at its Kakuna exploratory well in the Gulf of Mexico and was abandoning it. Oil conflict drills $2.4 billion hole in Sudan's finances KHARTOUM (Reuters) - Sudan's dispute with its southern neighbor over oil transit fees has created a 6.5 billion pound ($2.4 billion) gap in the country's public finances and caused exports to plunge 83 percent, the Sudanese finance minister said on Monday. Goldman sees Graff profit growth double Tiffany's HONG KONG (Reuters) - Goldman Sachs expects IPO hopeful Graff Diamonds' profit to grow an annualized 31 percent from 2011-14, driven by an increase in sales and higher profit margins, a research note obtained by Thomson Reuters publication IFR on Monday showed. Spain to announce clean-up plan for Bankia: sources MADRID (Reuters) - Spain is set to announce a rescue plan for ailing bank Bankia SA as part of a wider reform of the deeply troubled banking sector, whose woes threaten Spain's financial stability and the euro zone as a whole, sources said on Monday. AT&T making big investment in home monitoring NEW YORK (Reuters) - AT&T Inc is making a big investment in a nationwide wireless home monitoring service that could potentially add $1 billion to its annual revenue as part of the No. 2 U.S. mobile operator's ongoing effort to expand beyond cell phones. Related Video Eurobank: Greece must avoid new election U.S. Morning Call: U.S. stock futures lose ground, bonds get boost on France, Greece elections Economic News Hiring slows, spells trouble for economy, Obama Fewer jobs means more spending on U.S. Medicaid 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