Business Today: Stock futures edge up after Friday's sell-off

		Click to View in Browser 10/22/2012 Stock futures edge up after Friday's sell-off NEW YORK (Reuters) - Stock index futures rose slightly on Monday, indicating the S&P 500 may recover after the worst one-day decline since late June as investors looked for direction from the latest earnings and company outlooks. Rosneft to buy TNK-BP in two-step deal LONDON/MOSCOW (Reuters) - State-controlled Russian oil company Rosneft has struck a two-part deal worth about $55 billion to buy privately-owned TNK-BP and make British oil company BP a near-20 percent Rosneft shareholder with two seats on the board. Caterpillar cuts outlook, sees global economy weakening (Reuters) - Caterpillar Inc, the world's largest maker of tractors and excavators, slashed its 2012 forecast for the second time this year as it warned the global economy was slowing faster than it had expected. Nissan recalls new Altima in U.S. on loose steering bolts (Reuters) - Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have been tightened properly during production could fall off, increasing the risk of a crash, according to U.S. safety regulators. Petronas rejection may hurt Canadian stocks CALGARY/TORONTO (Reuters) - Canadian markets could face a bloody opening on Monday after the government blocked the C$5.17 billion ($5.22 billion) acquisition of Progress Energy Resources Corp by Malaysian state oil company Petronas, raising questions about other, bigger bids and about Canada's willingness to let foreign investors in. Ford summons Genk unions, fuelling closure fears BRUSSELS/PARIS (Reuters) - Ford called an emergency meeting with unions at its assembly plant in Genk, Belgium, amid mounting expectations that the U.S. automaker is preparing to close the factory. The rich bail out of changing hedge fund industry LONDON (Reuters) - Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. Airbus may hike A350-1000 output in "mini-jumbo" battle PARIS (Reuters) - Airbus is looking at increasing planned production for the largest member of its A350 family to power its next important struggle with Boeing for a lucrative corner of the jet market, two people familiar with the matter said. Euro zone cut fiscal deficit in 2011, debt up BRUSSELS (Reuters) - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday. Energy giants look to longer term at Kazakh field KASHAGAN OILFIELD, Kazakhstan (Reuters) - It has taken $46 billion over 12 years to bring Kashagan, the biggest world oilfield discovery since 1968, to the brink of production. Related Video Reuters Right Now: CAT cuts forecast, sees slowing economy U.S. Morning Call: Caterpillar Q3 profit jumps 50% Economic News Home resales slip, housing recovery still eyed Unemployment rates fall in most election swing states 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