Business Today: Stock futures up on optimism over budget talk

		Click to View in Browser 11/19/2012 Stock futures up on optimism over budget talk NEW YORK (Reuters) - Stock index futures started a holiday-shortened week higher on Monday, with signs of progress in Washington talks to resolve the fiscal crunch lifting investors' mood. News Corp set to take 49 percent stake in Yankee channel: source (Reuters) - Rupert Murdoch's News Corp is expected to announce this week that it will acquire a 49 stake in the YES Network from the New York Yankees baseball team and its partners, in a deal that would value the sports channel at $3 billion, a person with knowledge of the talks told Reuters. Lowe's quarterly sales, profit beat Wall Street views (Reuters) - Lowe's Cos Inc's reported a higher-than-expected quarterly profit on Monday as preparation and rebuilding efforts tied to superstorm Sandy and an improving housing market boosted business at the world's No. 2 home improvement chain. New York Fed wins dismissal of Greenberg's AIG bailout lawsuit NEW YORK (Reuters) - The Federal Reserve Bank of New York won the dismissal of former American International Group Inc Chief Executive Maurice "Hank" Greenberg's $25 billion lawsuit accusing it of acting unlawfully in bailing out the insurer during the 2008 financial crisis. Citi to pay $360 million to end Lehman dispute (Reuters) - Citigroup Inc has agreed to pay $360 million to the brokerage estate of Lehman Brothers to resolve a dispute over $1 billion in collateral that the investment bank was forced to post in the days leading up to its bankruptcy in 2008. HSBC in talks to sell $9.3 billion China Ping An stake HONG KONG (Reuters) - HSBC is in talks to sell its $9.3 billion stake in China's Ping An Insurance , stepping up a program by Europe's biggest bank to shed non-core operations to boost profitability. ING wins more time to sell assets, repay aid AMSTERDAM/BRUSSELS (Reuters) - Dutch banking and insurance group ING has won more time from regulators to shed assets and repay government aid, avoiding a fire sale but keeping it under state supervision for longer and delaying dividend payments. Citi on track to cut 300 sales and trading jobs in 2012: WSJ (Reuters) - Citigroup Inc is on track to cut 300 sales and trading jobs globally this year, as part of its plan to streamline its banking operations, the Wall Street Journal reported, citing people briefed on the process. Lonmin shareholders back rights issue LONDON (Reuters) - Shareholders in South African platinum miner Lonmin have voted in favour of an $817 million rights issue to repair a strike-battered balance sheet and fund its recovery. Goldman to buy warrants worth $40 million in Dubai firm DUBAI (Reuters) - Goldman Sachs Inc bought warrants worth 147 million dirhams ($40 million) in Dubai's Drake & Scull International , less than a week after helping arrange a loan facility for the contracting firm. Related Video Breakingviews: HSBC's China Strategy Reuters Today: Gaza death toll mounts as diplomats gather Economic News Obama presses case on "fiscal cliff" with Dimon, Buffett Petrified by the fiscal cliff? Relax, it's just a slope 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