Business Today: Stock futures off as weak Japan GDP adds to global worries

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Good Morning Aron, MON 16 Aug 2010    Stock futures off as weak Japan GDP adds to global worries Dell paying $1.15 billion for storage company 3PAR Lowe's results miss estimates China tops Japan as second biggest economy in Q2 BoA considers reducing BlackRock stake: source U.S. video viewing site Hulu plans an IPO: report ECB's Stark: EU set for more economic surveillance China consortium may bid for 30 percent of AIA: report Capital One credit card defaults fall in July Regulators issue alert on retained asset accounts Shares weaker on Japan GDP Pop up stores The week ahead: Aug 16, 2010 Stock futures off as weak Japan GDP adds to global worries August 16, 2010 08:20 AM ET NEW YORK (Reuters) - Stock index futures fell on Monday as weak growth in Japan added to worries about the strength of the global economy that have sunk equity markets in recent days. Full Article Dell paying $1.15 billion for storage company 3PAR August 16, 2010 08:34 AM ET NEW YORK (Reuters) - Dell Inc said on Monday it plans to buy data storage company 3PAR Inc for $18 per share in cash, or $1.15 billion, extending its storage product offering for cloud computing. Full Article Lowe's results miss estimates August 16, 2010 07:58 AM ET NEW YORK (Reuters) - Lowe's Cos missed quarterly profit and sales estimates as benefits from the homebuyer tax credit and cash for appliances programs waned, and the retailer warned of uncertain demand. Full Article China tops Japan as second biggest economy in Q2 August 16, 2010 08:16 AM ET TOKYO (Reuters) - Japan's economic growth slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery. Full Article BoA considers reducing BlackRock stake: source August 16, 2010 07:51 AM ET NEW YORK (Reuters) - Bank of America Corp is considering whether to reduce its stake in asset manager BlackRock Inc , which is viewed as a non-core asset, a source familiar with the situation said on Sunday. Full Article U.S. video viewing site Hulu plans an IPO: report August 16, 2010 02:48 AM ET BANGALORE (Reuters) - Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said. Full Article ECB's Stark: EU set for more economic surveillance August 16, 2010 02:53 AM ET FRANKFURT (Reuters) - Europe is set to ramp up economic surveillance to prevent a repeat of the region's recent debt crisis, European Central Bank Executive Board member Juergen Stark said on Monday. Full Article China consortium may bid for 30 percent of AIA: report August 16, 2010 02:29 AM ET HONG KONG (Reuters) - A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd , China Life Insurance Co Ltd , plans to bid for a 30 percent stake in American International Group Ltd's Asian life insurance business, AIA, the 21st Century Business Herald reported on Monday. Full Article Capital One credit card defaults fall in July August 16, 2010 06:26 AM ET BANGALORE (Reuters) - Capital One Financial Corp's U.S. credit-card defaults continued their decline for the fourth straight month, signaling that fewer Americans were falling seriously behind in their credit card payments. Full Article Regulators issue alert on retained asset accounts August 16, 2010 01:52 AM ET BANGALORE (Reuters) - The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information. Full Article

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