Business Today: Stock futures jump after weekly loss, Fed eyed

		Click to View in Browser 06/17/2013 Stock futures jump after weekly loss, Fed eyed NEW YORK (Reuters) - Stock futures rose on Monday after major equity indexes on Friday closed their third negative week in four, with traders focused on this week's Federal Reserve policy meeting. Royalty hostile bid for Elan in doubt after vote DUBLIN (Reuters) - Elan shareholders approved a share buyback on Monday, meaning U.S.-based Royalty Pharma's hostile bid for the Irish drug firm will lapse unless it succeeds in a legal challenge. Johnson & Johnson to buy Aragon for up to $1 billion (Reuters) - Johnson & Johnson said on Monday that it would buy Aragon Pharmaceuticals, a private company that is running a mid-stage clinical trial for a prostate cancer drug, for $650 million in cash upfront and a possible second payment of $350 million if it meets certain milestones. Big shareholder urges Smithfield breakup over buyout (Reuters) - Starboard Value LP, a large shareholder in Smithfield Foods Inc , urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International. Orders for big jets make a splash in Paris PARIS (Reuters) - Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers dueled over strategy for large aircraft on Monday. UK's Co-op Bank agrees $2.4 billion 'bail-in' rescue plan LONDON (Reuters) - Britain's Co-operative Group has agreed a plan to plug a 1.5 billion pound ($2.4 billion) capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis. Qatar sells back 10 percent Porsche stake to founding families DUBAI/BERLIN (Reuters) - Qatar Holding, the investment arm of the Gulf state's sovereign wealth fund, has sold its 10 percent stake in Porsche SE to the luxury carmaker's family shareholders, four years after it first invested in the firm. Telefonica denies report of $93 billion offer from AT&T MADRID (Reuters) - Telefonica said on Monday it had not received any indication of interest from AT&T , following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer from the U.S. company. Orchard Supply files for Chapter 11, Lowe's steps in (Reuters) - Orchard Supply Hardware Stores Corp has filed for Chapter 11 bankruptcy protection, court documents showed on Monday, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash. Spain's Mango takes on retail fashion rivals Inditex, H&M BARCELONA (Reuters) - Shoppers in the 109 countries where Spanish fashion chain Mango has stores recognize its celebrity faces well, but few know much about the company behind the clothes modeled by Kate Moss, Gerard Pique and Scarlett Johansson. Related Video Market Pulse: Don't panic! Fed unlikely to pull plug U.S. Morning Call: Smithfield parts greater than whole Economic News Analysis: Fed-induced selloff has investors hunting for bargains NY manufacturing growth picks up in June, details weak 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