Business Today: Stock futures flat ahead of payrolls

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Good Morning Aron, FRI 03 Sep 2010    Stock futures flat ahead of payrolls Payrolls fall less than expected in August Campbell Soup profit beats estimates China approached Canadian fund on rival Potash bid Canada's Goldcorp to buy Andean for $3.4 billion Heavy in dollars, China warns of depreciation Brazil oil firm Petrobras plans $65 billion stock sale Service sector spotlight shines on Germany, China BP oil spill costs hit $8 billion as ends rig probe Banks admit better disclosure on bonuses needed Strong yen has upside for Japanese Crowd sourcing funds fashion Retail sales heat up Stock futures flat ahead of payrolls September 03, 2010 08:11 AM ET NEW YORK (Reuters) - Stock index futures were little changed on Friday ahead of the key monthly payrolls report that will give investors insight on the state of the ailing labor market. Full Article Payrolls fall less than expected in August September 03, 2010 08:33 AM ET WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. Full Article Campbell Soup profit beats estimates September 03, 2010 08:05 AM ET CHICAGO (Reuters) - Campbell Soup Co reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, even as U.S. soup sales fell. Full Article China approached Canadian fund on rival Potash bid September 03, 2010 07:42 AM ET MELBOURNE/TORONTO (Reuters) - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer. Full Article Canada's Goldcorp to buy Andean for $3.4 billion September 03, 2010 05:09 AM ET SYDNEY (Reuters) - Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp. Full Article Heavy in dollars, China warns of depreciation September 03, 2010 08:34 AM ET BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks. Full Article Brazil oil firm Petrobras plans $65 billion stock sale September 03, 2010 08:22 AM ET RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan. Full Article Service sector spotlight shines on Germany, China September 03, 2010 06:32 AM ET LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States. Full Article BP oil spill costs hit $8 billion as ends rig probe September 03, 2010 05:02 AM ET LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. Full Article Banks admit better disclosure on bonuses needed September 03, 2010 07:32 AM ET LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures. Full Article

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