Business Today: Futures off as profit-taking, Europe woes weigh

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Good Morning Aron, MON 06 Dec 2010    Futures off as profit-taking, Europe woes weigh Bernanke: More Fed bond buys "certainly possible" Kellogg CEO retires; COO to replace him Rio Tinto in talks on $3.5 billion bid for Riversdale MetLife to grow in 2011 on Alico deal BofA says it has satisfied TARP exit condition: report Kraft seeks court injunction in Starbucks spat Pfizer CEO Jeffrey Kindler retires, replaced by Read Morgan Stanley may cut bonus payouts: report Merkel rebuffs IMF call to raise euro zone fund Toyota cuts 2011 production target Fed may buy over $600 bln bonds Playboy opens Mexican casino Futures off as profit-taking, Europe woes weigh December 06, 2010 08:07 AM ET NEW YORK (Reuters) - Stock index futures slipped on Monday on jitters about the European debt crisis and with investors set to lock in profits after a strong market performance last week. Full Article Bernanke: More Fed bond buys "certainly possible" December 06, 2010 08:36 AM ET WASHINGTON (Reuters) - The Federal Reserve could end up buying more than the $600 billion in U.S. government bonds it has committed to purchase if the economy fails to respond or unemployment stays too high, Fed Chairman Ben Bernanke said. Full Article Kellogg CEO retires; COO to replace him December 06, 2010 08:27 AM ET NEW YORK (Reuters) - Kellogg Co named Chief Operating Officer John Bryant its new chief executive officer on Monday, replacing David Mackay. Full Article Rio Tinto in talks on $3.5 billion bid for Riversdale December 06, 2010 08:26 AM ET MELBOURNE (Reuters) - Miner Rio Tinto made a $3.5 billion bid approach for Africa-focused Riversdale Mining , sending the target firm's shares surging 16 percent and setting up a potential takeover battle. Full Article MetLife to grow in 2011 on Alico deal December 06, 2010 08:21 AM ET NEW YORK (Reuters) - MetLife expects operating earnings to grow more than a third next year as the largest U.S. life insurer begins to benefit from its blockbuster acquisition of global life insurer Alico. Full Article BofA says it has satisfied TARP exit condition: report December 05, 2010 07:09 PM ET NEW YORK (Reuters) - Bank of America has told regulators that it has met the final condition in repaying the government's $45 billion bail-out funding, according to the Financial Times on Sunday. Full Article Kraft seeks court injunction in Starbucks spat December 06, 2010 08:09 AM ET NEW YORK (Reuters) - Kraft Foods Inc said it is seeking a preliminary injunction in court against Starbucks Corp to try to stop Starbucks from "attempting to unilaterally end" their deal to sell packaged coffee. Full Article Pfizer CEO Jeffrey Kindler retires, replaced by Read December 06, 2010 01:25 AM ET NEW YORK (Reuters) - The chief executive officer of Pfizer Inc,, the world's largest drugmaker, retired in an unexpected move to "recharge his batteries" after completing the mega merger with rival Wyeth. Full Article Morgan Stanley may cut bonus payouts: report December 06, 2010 05:37 AM ET BANGALORE (Reuters) - Morgan Stanley Chief Executive James Gorman plans to take on the firm's top-paid bankers and may play "hardball" with bonus payouts this year, the New York Post said, citing people familiar with the plans. Full Article Merkel rebuffs IMF call to raise euro zone fund December 06, 2010 08:12 AM ET BRUSSELS (Reuters) - Euro zone finance ministers meeting on Monday face IMF pressure to increase the size of a 750 billion euro ($1,006 billion) safety net for debt-stricken members to halt contagion in the single currency bloc. Full Article

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