Business Today: Stock futures tick higher after Micron profit, ahead of data

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Good Morning Aron, WED 23 Dec 2009    Stock futures tick higher after Micron profit, ahead of data Personal spending and income rise in November China's Geely agrees Volvo buy, BAIC eyes expansion Geithner: U.S. job growth unlikely before spring Wal-Mart to continue discounts, deals after Christmas Glencore's $2.2 billion bond offer hints at IPO Microsoft loses Word appeal, will adjust program Rajaratnam objects to scheduling of Galleon cases "Harassed" Nestle halts Zimbabwe operations Mass layoffs hit 16-month low in November China auto stimulus aids confidence Business Update: Asia higher No hackers says Citigroup Stock futures tick higher after Micron profit, ahead of data December 23, 2009 08:23 AM ET NEW YORK (Reuters) - Stock index futures rose on Wednesday, a day after chipmaker Micron Technology swung to a quarterly profit and as investors awaited data expected to show an improvement in consumer sentiment. Full Article Personal spending and income rise in November December 23, 2009 08:37 AM ET WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery. Full Article China's Geely agrees Volvo buy, BAIC eyes expansion December 23, 2009 08:04 AM ET BEIJING/STOCKHOLM (Reuters) - China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' ailing Swedish brands Volvo and Saab in a bid to be global industry players. Full Article Geithner: U.S. job growth unlikely before spring December 23, 2009 07:39 AM ET WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that the economy was recovering, but it may be some months yet before jobs are being created instead of lost. Full Article Wal-Mart to continue discounts, deals after Christmas December 23, 2009 07:59 AM ET (Reuters) - Wal-Mart Stores Inc will continue its holiday discounts and deals into the week after Christmas, the world's largest retailer said on Wednesday, as it introduces new deals and extends some old ones. Full Article Glencore's $2.2 billion bond offer hints at IPO December 23, 2009 07:50 AM ET LONDON/ZURICH (Reuters) - Glencore issued $2.2 billion of convertible bonds, bringing the secretive employee-owned Swiss commodities trader closer to a public listing and valuing it at about $35 billion. Full Article Microsoft loses Word appeal, will adjust program December 22, 2009 10:48 PM ET SEATTLE (Reuters) - Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs. Full Article Rajaratnam objects to scheduling of Galleon cases December 23, 2009 07:20 AM ET NEW YORK (Reuters) - Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move could compromise the defense's case. Full Article "Harassed" Nestle halts Zimbabwe operations December 23, 2009 07:58 AM ET HARARE (Reuters) - Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family. Full Article Mass layoffs hit 16-month low in November December 22, 2009 03:54 PM ET WASHINGTON (Reuters) - The number of mass layoffs actions by U.S. employers fell in November to the their lowest level in 16 months, government data showed on Tuesday, offering more evidence of labor market stability. Full Article

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