Business Today: Stock futures fall as caution creeps back into market

Click to View in Browser 06/8/2012 Stock futures fall as caution creeps back into market NEW YORK (Reuters) - Stock index futures fell on Friday after an expected new round of monetary easing failed to materialize, leaving investors to chew over the slowing global economy and Europe's ongoing debt crisis. April trade deficit narrows as trade contracts WASHINGTON (Reuters) - The trade deficit narrowed in April, as both imports and exports fell from record high levels set in March, in a sign of slowing global demand, a government report showed on Friday. Chesapeake to sell pipeline assets for more than $4 billion (Reuters) - Chesapeake Energy Corp will sell its pipeline and related assets to Global Infrastructure Partners in three separate transactions worth more than $4 billion, as the company scrambles to plug an expected $9 billion to $10 billion funding shortfall. Exclusive: Spain to request EU bank aid on Saturday MADRID/BERLIN (Reuters) - Spain is expected to ask the euro zone for help with recapitalizing its stricken banks at the weekend, EU and German sources said on Friday, becoming the fourth country to seek assistance since Europe's debt crisis began. GSK extends its $2.6 billion offer for Human Genome LONDON (Reuters) - GlaxoSmithKline has extended its $2.6 billion offer to buy long-time partner Human Genome Sciences until the end of June as it battles the U.S. biotech company's reluctant management. Insight: Intel's plans for virtual TV come into focus NEW YORK/SAN FRANCISCO (Reuters) - Intel is counting on facial-recognition technology for targeted ads and a team of veteran entertainment dealmakers to win over reluctant media partners for its new virtual television service. Independent News chairman set to lose board seat DUBLIN (Reuters) - Independent News & Media chairman James Osborne expects to lose his place on the board, after the publishing group's largest shareholder Denis O'Brien voted against his re-election as a director. Exclusive: Business software IPOs hope to trump market woes NEW YORK (Reuters) - Data analysis software company Tableau Software and developer tools maker Atlassian are among several small, business software firms preparing to go public in the next 12 months, hoping a growing market for cloud computing will shield them from the aftermath of Facebook's botched IPO and Europe's woes. Greek economy keeps on crumbling ATHENS (Reuters) - Greece's economy shrank further in the first three months of 2012, shriveling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment. Analysis: Australia coal miners face squeeze, new mines at risk MELBOURNE/PERTH (Reuters) - Falling coal prices and soaring costs have forced Australia's producers to start trimming output and letting go of some workers, hurting miners, rail and port operators and potentially threatening plans for more than $30 billion of investment in new mines. Related Video Having a blast in old bomb shelters China rate cut no cause for cheer Economic News April trade deficit narrows as trade contracts U.S. cities struggle with blighted bank-owned homes 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