Business Today: Wall Street futures track global selloff on EU worries

		Click to View in Browser 07/23/2012 Wall Street futures track global selloff on EU worries NEW YORK (Reuters) - Stock index futures fell sharply on Monday, tracking a selloff in global markets as Spain appeared closer to a sovereign bailout and fears grew that Greece may be approaching an exit of the euro zone. Peugeot-Toyota van deal ups pressure on unions PARIS/TOKYO (Reuters) - PSA Peugeot Citroen announced a van production deal with Japan's Toyota , raising pressure on unions to make concessions on pay and conditions or face a second closure of a French factory. China's CNOOC to buy Canada's Nexen for $15.1 billion HONG KONG (Reuters) - China's top offshore oil producer CNOOC Ltd has agreed to buy Canada's Nexen Inc for about $15.1 billion in one of the most ambitious acquisitions by a Chinese company to date that may test Ottawa's tolerance of foreign takeovers. McDonald's second-quarter profit falls, sales slow (Reuters) - McDonald's Corp reported lower-then-expected quarterly profit on Monday, hurt by a slowing global economy and the impact of a stronger dollar, and forecast growth in sales at a established restaurants would slow this month. Halliburton profit beats estimates on international business (Reuters) - Halliburton Co , the world's second-largest oilfield services company, reported a better-than-expected quarterly profit on higher drilling activity in its international markets. What's up dock? Apple to shrink connector for iPhone 5 TAIPEI/HONG KONG (Reuters) - Apple Inc's new iPhone will drop the wide dock connector used in the company's gadgets for the best part of a decade in favor of a smaller one, a change likely to annoy the Apple faithful but which could be a boon for accessory makers. Watsa reports 10 percent stake in RIM (Reuters) - Investor Prem Watsa reported an almost 10 percent stake in Research in Motion Ltd as of July 4, according to a regulatory filing. China's Hunan Ava Dairy recalls tainted infant formula SHANGHAI (Reuters) - China's Hunan Ava Dairy Co Ltd said on Monday it will recall baby formula sold under its Nanshan Bywise brand after a cancer-causing agent was found in test samples, the latest blow to the country's scandal-ridden milk industry struggling to restore consumer confidence. Greece's EFG Eurobank to split from EFG Group ATHENS (Reuters) - Greece's second-largest lender EFG Eurobank said on Monday it would split from EFG Group at the request of European regulatory authorities. More UK banks to review sale of hedging products LONDON (Reuters) - Seven more British banks have agreed to review past sales of interest-rate hedging products to small businesses and to compensate customers for any misselling which may have occurred, Britain's financial regulator said on Monday. Related Video Breakingviews: confidence tricks for the euro zone Philips is in sustainable recovery mode - CEO van Houten Economic News Factory, jobs data show economy mired in weakness Some U.S. crops get welcome drink amid devastating drought 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