Business Today: Stock futures flat after M&A flurry as investors cautious

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Good Morning Aron, MON 30 Aug 2010    Stock futures flat after M&A flurry as investors cautious Genzyme rejects Sanofi-Aventis' $18.5 billion offer Consumer spending and incomes rise in July BOJ eases policy to fight yen rise but impact seen slim Intel to buy Infineon's mobile unit for $1.4 billion 3M to buy Cogent for more than $900 million India begins meeting for decision on BlackBerry ban Agrium says keen on Potash assets if BHP sells BHP could sell some Potash Corp assets Taiwan "savior" says lining up AIG unit bid Asian shares up, Nikkei off highs BOJ, govt tackle yen and economy New levees, little comfort Stock futures flat after M&A flurry as investors cautious August 30, 2010 08:06 AM ET NEW YORK (Reuters) - Stock index futures were flat on Monday as investors awaited data on personal spending for a signal the economy can avoid a double-dip recession and after a flurry of mergers-and-acquisition activity. Full Article Genzyme rejects Sanofi-Aventis' $18.5 billion offer August 30, 2010 08:00 AM ET BOSTON (Reuters) - Genzyme Corp rejected an $18.5 billion takeover offer from French drugmaker Sanofi-Aventis, saying it dramatically undervalues the company. Full Article Consumer spending and incomes rise in July August 30, 2010 08:35 AM ET WASHINGTON (Reuters) - U.S. consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes, offering hope that consumers will be able to keep contributing to a modest recovery. Full Article BOJ eases policy to fight yen rise but impact seen slim August 30, 2010 07:30 AM ET TOKYO (Reuters) - The Bank of Japan expanded its cheap loan scheme on Monday, heeding government calls for action to curb a rise in the yen that threatens a fragile economic recovery and leaving the door open to more policy easing. Full Article Intel to buy Infineon's mobile unit for $1.4 billion August 30, 2010 04:24 AM ET FRANKFURT (Reuters) - Intel will buy German chipmaker Infineon's wireless unit for $1.4 billion, enabling the U.S. chipmaker to boost its presence in the smartphone market. Full Article 3M to buy Cogent for more than $900 million August 30, 2010 08:17 AM ET NEW YORK (Reuters) - Diversified U.S. manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company. Full Article India begins meeting for decision on BlackBerry ban August 30, 2010 07:55 AM ET NEW DELHI (Reuters) - Indian officials began a meeting on Monday to decide whether to ban some of Research In Motion's BlackBerry services, a day before the deadline runs out for the firm to give security agencies access to its secure data. Full Article Agrium says keen on Potash assets if BHP sells August 30, 2010 03:39 AM ET SYDNEY (Reuters) - Canada's Agrium Inc said it would be interested in Potash Corp's nitrogen and phosphates business, worth an estimated $12 billion, if miner BHP Billiton secures its $39 billion Potash takeover and decides to sell the assets. Full Article BHP could sell some Potash Corp assets August 30, 2010 05:02 AM ET SYDNEY (Reuters) - Global miner BHP Billiton could look to divest the nitrogen and phosphates business of fertilizer maker Potash Corp if its $39 billion bid goes through, the company has told analysts. Full Article Taiwan "savior" says lining up AIG unit bid August 30, 2010 03:08 AM ET TAIPEI (Reuters) - A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and Middle Eastern money. Full Article

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