Business Today: Stock futures slide as G7 discusses euro zone crisis

Click to View in Browser 06/5/2012 Stock futures slide as G7 discusses euro zone crisis NEW YORK (Reuters) - Stock index futures fell in a choppy session on Tuesday as traders positioned for the outcome of emergency talks among the Group of Seven industrialized nations to tackle a deepening euro zone crisis. Spain says markets are closing to it as G7 confers MADRID (Reuters) - Spain said on Tuesday that credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies held emergency talks on the currency bloc's worsening debt crisis. German industry orders slump as foreign demand falters BERLIN (Reuters) - German industrial orders fell at their fastest rate since November 2011 in April as orders from abroad dried up, adding to signs that Europe's largest economy is heading for a slowdown. MF Global trustee sees $3 billion in potential claims (Reuters) - MF Global Holdings Ltd could have more than $3 billion in claims against its former affiliates, Louis Freeh, the trustee overseeing the wind-down of the parent company of the collapsed broker-dealer, said in his first status report. Thomas H. Lee buys most of Party City (Reuters) - Private equity firm Thomas H. Lee Partners will buy a majority stake in Party City, North America's largest retailer of party goods such as balloons and Halloween costumes, in a deal that values the company at $2.7 billion. Baby steps to EU bank union come too late for crisis BRUSSELS (Reuters) - The European Commission will propose far-reaching powers for regulators to deal with failing banks on Wednesday, a step towards the banking union the European Central Bank has demanded to secure the euro's future. Analysis: G7 must look beyond China for euro zone rescuer BEIJING (Reuters) - Finance chiefs of the Group of Seven industrialized powers hoping China can step in to rescue the euro zone must look elsewhere for a white knight as Beijing increasingly focuses on domestic issues this year. Oracle to buy Collective Intellect (Reuters) - Oracle Corp will buy Collective Intellect, which helps businesses to get information about consumers from Facebook and Twitter pages. Banker Profumo indicted in UniCredit tax case: source MILAN (Reuters) - A Milan judge on Tuesday ordered top Italian banker Alessandro Profumo and another 19 people to stand trial for alleged tax fraud at UniCredit stemming from the use of a financial instrument provided by Barclays , a legal source said. China May inflation to cool, output seen near three-year lows BEIJING (Reuters) - Chinese inflation is expected to have cooled further in May and factory output growth is set to come in not far from three-year lows, Reuters polls show, as calls grow for China to take more action to fight its worst economic slowdown in three years. Related Video Breakingviews: UK monarchy-fest shows sentimental power Shell CEO sees oil prices bouncing back Economic News Factory orders post surprise fall in April Fed's Fisher cool on Operation Twist 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