Business Today: Stock futures slip on Greece, but ease off earlier lows

Click to View in Browser 05/8/2012 Stock futures slip on Greece, but ease off earlier lows NEW YORK (Reuters) - Stock index futures fell on Tuesday as Greece struggled to form a new government, worrying markets that a new phase of the region's debt crisis was brewing. America Movil offers $4.2 billion for KPN stake AMSTERDAM (Reuters) - America Movil , the telecoms group controlled by Mexican tycoon Carlos Slim, has offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Netherlands-based KPN NV , seeing it as a base for potential expansion in Europe. Investment bank, cost cuts help HSBC top forecasts LONDON (Reuters) - HSBC beat expectations with an underlying first-quarter profit of $6.8 billion as Europe's biggest bank saw a rebound in investment banking, growth in Asia and a fall in U.S. bad debts. Home prices rise for first time in 8 months: Corelogic NEW YORK (Reuters) - Home prices rose in March for the first time since last July, helped by tighter housing inventory, data analysis firm CoreLogic said on Tuesday. Insight: When the Exxon way stops working London (Reuters) - When Exxon boss Rex Tillerson walked into a meeting with the President of Ghana on the sidelines of the United Nations General Assembly, he thought he was set to strike a deal with an important new oil producing nation. McDonald's April U.S. comparable sales miss estimates (Reuters) - McDonald's Corp reported a smaller-than-expected rise in April sales at established restaurants across the globe, hurt by a disappointing increase in its U.S. business. NFIB business optimism index rises in April WASHINGTON (Reuters) - An index of confidence at small U.S. businesses rose in April to its highest in over a year as companies stepped up plans for hiring and investing, a survey released on Tuesday showed. Exclusive: After McClendon's trades, Chesapeake board gave blessing NEW YORK (Reuters) - In its latest employment contract with CEO Aubrey McClendon, Chesapeake Energy Corp gave him permission to trade commodities for himself after he already had begun doing so. Marubeni close to buying Gavilon for $5.2 billion: source TOKYO (Reuters) - Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt, a source close to the deal said on Tuesday, as Japanese trading houses expand an overseas buying spree to secure grain supplies. Exclusive: Shell in talks to cut Iraq's Majnoon output target BAGHDAD (Reuters) - Royal Dutch Shell is in talks with Iraq to cut the production target for the Majnoon oilfield, oil ministry documents show, in a move that may prompt discussions with other companies and lead to a downsizing of the country's unrealistic output goals. Related Video Breakingviews: Spain finally faces Banking Mess Reuters Today: Europe fears swing to the left Economic News Old feud appears to sink Obama's Fed nominees Home prices rise for first time in 8 months: Corelogic 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