Business Today: Stock futures fall as Spanish, Italian yields rise

Click to View in Browser 05/30/2012 Stock futures fall as Spanish, Italian yields rise NEW YORK (Reuters) - Stock index futures dropped on Wednesday, as rising bond yields for Italy and Spain indicated worsening fears about a spiraling of the euro zone's debt crisis. Apple CEO sees TV as area of "intense interest" RANCHOS PALOS VERDES, California (Reuters) - Apple Inc Chief Executive Tim Cook said technology for televisions was of "intense interest" but stressed the company's efforts would unfold gradually amid speculation the iPad and iPhone maker was on the brink of unveiling a revolutionary iTV. EU urges direct bank aid in boost for Spain BRUSSELS/MADRID (Reuters) - The European Commission advocated direct aid from a euro zone rescue fund to recapitalize distressed banks in a move that could eventually help Spain, the latest front in Europe's debt wars, overcome a worsening banking crisis. Global carbon market value hits record $176 billion COLOGNE, Germany (Reuters) - Carbon market trading reached a record value of $176 billion in 2011, rising 11 percent spurred by secondary trading volumes which offset lower prices and slowing economies, the World Bank said on Wednesday. Lee family scraps over some of Samsung riches SEOUL (Reuters) - Lawyers for Lee Kun-hee said on Wednesday the chairman of Samsung Electronics had been chosen by his father, the Samsung Group's founder, to lead the conglomerate and so was free to transfer shares of group companies to maintain control. China stimulus unnecessary, risks long-term damage BEIJING (Reuters) - China does not need massive fiscal stimulus to stabilize growth and calm investors fretting that the global economy may slip back into a similar crisis as 2008-2009, top policy advisers said on Wednesday. Exclusive: Glencore, Vitol keep oil flowing to Greece LONDON (Reuters) - Debt-stricken Greece is surviving on oil priced at a premium from trading houses Vitol and Glencore, who have stepped in as suppliers of last resort after sanctions forced Greece to halt imports from its main supplier Iran. Bankia to be recapitalised through FROB bank fund: De Guanos MADRID (Reuters) - Nationalised lender Bankia will be recapitalised through the FROB bank fund, which will issue bonds, Spain's Economy Minister Luis De Guanos said on Wednesday. Analysts skeptical as RIM reviews strategy (Reuters) - Research In Motion Ltd's move to hire bankers for a strategic review and scout for partnerships prompted a slew of price-target cuts from analysts, who were skeptical about the BlackBerry maker's ability to attract a buyer. Spain rattles markets, Greeks warned of catastrophe MADRID/ATHENS (Reuters) - Spain's borrowing costs lurched higher and the Madrid stock market hit a nine-year low on Wednesday as investors rattled by deepening fears about its banking system fled to the relative haven of German bonds. Related Video U.S. Morning Call: RIMM struggles to stay afloat Irish vote small step for Europe....giant leap for Ireland Economic News Home prices rise but consumer confidence cools Jobs growth seen picking up in May 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