Business Today: M&A helps futures, but Ireland still concern

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Good Morning Aron, MON 15 Nov 2010    M&A helps futures, but Ireland still concern Caterpillar buys Bucyrus to double down on mining Retail sales jump 1.2 pct in October Lowe's misses as shoppers put renovations on ice BHP kills Potash Corp bid, revives $4.2 billion buyback Ireland faces debt crisis talks, may seek bank aid Republican group to urge Fed to drop QE2: report AMP, AXA SA launch $13.1 billion bid for AXA Asia Pacific MUFG raises profit forecast, to buy RBS project book Goldman's plan to repay Berkshire delayed: report Starbucks grows coffee in China BHP scraps $39 billion Potash bid Thai PM sees mild growth slowdown M&A helps futures, but Ireland still concern November 15, 2010 08:03 AM ET NEW YORK (Reuters) - Stock index futures rose on Monday after a steep selloff in the previous session, helped by M&A activity, though financial stress in Ireland threatened to weigh on the market. Full Article Caterpillar buys Bucyrus to double down on mining November 15, 2010 08:16 AM ET DETROIT (Reuters) - Heavy equipment maker Caterpillar Inc said it would acquire Bucyrus International Inc for $8.6 billion, including assumed debt, accelerating its expansion in mining products. Full Article Retail sales jump 1.2 pct in October November 15, 2010 08:37 AM ET WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in October to post their largest gain in seven months, boosted by purchases of motor vehicles and building materials, according to a government report on Monday that was further evidence the economy was regaining strength. Full Article Lowe's misses as shoppers put renovations on ice November 15, 2010 08:22 AM ET NEW YORK (Reuters) - Lowe's Cos missed quarterly sales estimates as U.S. shoppers put off expensive home renovations in a weak economy, prompting the company to forecast a full-year profit below Wall Street expectations. Full Article BHP kills Potash Corp bid, revives $4.2 billion buyback November 15, 2010 07:08 AM ET MELBOURNE (Reuters) - Top global miner BHP Billiton scrapped its $39 billion bid for Canada's Potash Corp, the world's biggest deal this year, after rejection by regulators and bowed to calls from investors to return cash. Full Article Ireland faces debt crisis talks, may seek bank aid November 15, 2010 07:44 AM ET DUBLIN/VIENNA (Reuters) - Aid would be available for Ireland's banking sector or the state itself, a top European policymaker said on Monday after a report suggested Dublin could seek money for its stricken banks from an EU emergency fund. Full Article Republican group to urge Fed to drop QE2: report November 15, 2010 08:25 AM ET LONDON (Reuters) - A group of Republican-leaning economists will launch a campaign this week calling on U.S. Federal Reserve Chairman Ben Bernanke to drop his plan to buy $600 billion more in Treasury bonds, the Wall Street Journal reported on Monday. Full Article AMP, AXA SA launch $13.1 billion bid for AXA Asia Pacific November 15, 2010 02:50 AM ET MELBOURNE/SYDNEY (Reuters) - Australian wealth manager AMP and French insurer AXA SA launched a new $13.1 billion-plus bid for AXA Asia Pacific, a move set to challenge banks' domination of the world's fourth-largest wealth market down under. Full Article MUFG raises profit forecast, to buy RBS project book November 15, 2010 04:26 AM ET TOKYO (Reuters) - MUFG raised its full-year profit forecast by a quarter and said it is buying project-finance assets from Royal Bank of Scotland worth 3.8 billion pounds ($6.1 billion), expanding its overseas reach as loan demand remains tepid in Japan. Full Article Goldman's plan to repay Berkshire delayed: report November 14, 2010 10:02 PM ET NEW YORK (Reuters) - Goldman Sachs Group has hit a snag in its efforts to win government approval to pay back a $5 billion investment from Warren Buffett's Berkshire Hathaway Inc, the Wall Street Journal reported, citing people familiar with the matter. Full Article

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