Business Today: Futures fade as enthusiasm over Greek vote wanes

Click to View in Browser 06/18/2012 Futures fade as enthusiasm over Greek vote wanes NEW YORK (Reuters) - Stock futures slipped on Monday as initial enthusiasm for a victory for pro-bailout parties in Greek elections was overshadowed by rising Spanish and Italian bond yields. Relieved Europe hints at more time for Greece BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit. Yahoo hires former Google director to lead ad revenue SAN FRANCISCO (Reuters) - Yahoo Inc has hired former Google director and media veteran Michael Barrett to help lead its efforts to reemerge as an entertainment and information destination that wins advertising revenue. Oil prices slide as Greece optimism fades LONDON (Reuters) - Oil prices fell towards $96 a barrel on Monday, erasing early gains after a pro-bailout vote in Greece failed to ease concerns about the euro zone while analysts said oversupplied crude markets would cope with any loss of Iranian oil. Nomura excluded from $6 billion Japan Tobacco share sale TOKYO (Reuters) - Japan has excluded Nomura Holdings from working on the government's sale of roughly $6 billion worth of Japan Tobacco shares, in a blow to Japan's largest broker as it grapples with an insider trading scandal. Microsoft nears deal to buy Yammer: source (Reuters) - Microsoft Corp is close to buying business software company Yammer Inc for more than $1 billion, according to a source familiar with the details. G20 to press Europe for lasting fix for debt crisis LOS CABOS, Mexico (Reuters) - World leaders, relieved that pro-bailout parties won a narrow election victory in Greece, will pile pressure on Europe at the G20 summit on Monday to outline a lasting strategy to save the euro currency and end financial turmoil. India stuns, keeps rates steady as growth crumbles MUMBAI (Reuters) - India's central bank defied widespread calls on Monday to revive the flagging economy with cuts in interest rates and cash reserve minimums at banks, putting the onus on a fractious coalition government to pull the country out of crisis. Oaktree ends talks over standstill pact with Jakks (Reuters) - Private equity firm Oaktree Capital Management LP terminated talks over a standstill pact with toymaker Jakks Pacific Inc after failing to agree on terms. Tesco pays Aeon to rid itself of Japan business TOKYO/LONDON (Reuters) - Tesco , the world's No.3 retailer, has ended a nine-year attempt to crack Japan's tough retail market by effectively paying Aeon Corp , the country's No.2 general retailer, to take its loss-making business there off its hands. Related Video No 'Drachmageddon' but relief rally ends Greek election: new government facing "huge" task Economic News NY Fed: Manufacturing growth slowest since November 2011 Sad summer in the city seen for job-hunting teens 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