Business Today: Futures slide as EU summit hopes wane

		Click to View in Browser 06/25/2012 Futures slide as EU summit hopes wane NEW YORK (Reuters) - Stock futures fell sharply on Monday as expectations waned that a European Union summit this week would help calm the escalating euro zone debt crisis. Spain requests EU aid, market hopes dim MADRID/BRUSSELS (Reuters) - Spain formally requested euro zone rescue loans on Monday to recapitalize banks that are laden with bad debts as the euro and shares fell due to investors' skepticism that a European Union summit this week will act decisively on the bloc's debt crisis. AB InBev in talks to buy rest of Modelo: source NEW YORK (Reuters) - Anheuser-Busch InBev , the world's biggest brewer and maker of Budweiser and Stella Artois beers, is in talks to buy the 50 percent of Corona beer maker Grupo Modelo that it does not already own, said a person familiar with the matter - in a potential deal that could top $10 billion. Pre-summit document presses EU banking union BRUSSELS (Reuters) - European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document prepared for the meeting. China's 2012 growth target at risk, property curbs hurt BEIJING (Reuters) - China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition. Dunkin' Brands to increase legal reserves (Reuters) - Dunkin' Brands Group Inc , the parent of Dunkin' Donuts cafes and Baskin-Robbins ice cream shops, said it would increase its legal reserve in the current quarter following a court ruling against it in Canada. Morgan Stanley Germany head steps aside amid email row FRANKFURT (Reuters) - The head of Morgan Stanley's German unit is taking a leave of absence following an uproar over emails he reportedly exchanged with a regional politician. Shiver me timbers! The bankers are boarding LONDON (Reuters) - With the crisis in the shipping market now in its fourth year, bankers are putting to sea and seizing ships to protect the value of their loans to struggling shipowners. Samsung sees higher Q2 handset earnings; U.S. supply crunch to ease SEOUL (Reuters) - Samsung Electronics Co expects sales of its new Galaxy S III, launched at the end of last month as a main rival to Apple's iPhone, to top 10 million during July, making it the South Korean group's fastest selling smartphone. Europe's Tower of Babel hampers euro solution PARIS (Reuters) - As Europe considers a leap towards closer integration to try to save the euro single currency, it resembles the biblical Tower of Babel - unable to complete an ambitious project because the residents don't speak the same political and economic language. Related Video Market Pulse: Spanish bank aid leaves investors in limbo Breakingviews: How €50bln could save the euro Economic News "Pretty high hurdle" to QE3: Fed's Bullard Insight: Farmers hit paydirt with irrigation in arid spring 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