Business Today: Stock futures off on economy concerns, dip buying seen

03/5/2012 Stock futures off on economy concerns, dip buying seen NEW YORK (Reuters) - Stock index futures eased on Monday after data showing a decline in European private sector activity last month and a lower target for China growth gave investors reason to pause. AIG selling $6 billion of AIA shares, to repay bailout HONG KONG (Reuters) - American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bailout. China cuts growth target to 8-year low, to boost consumption BEIJING (Reuters) - Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital. Jaguar Land Rover, Chery seek approval for joint venture BEIJING (Reuters) - Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people with direct knowledge of the deal told Reuters on Monday. EU's Barroso says sure Spain will honor commitments VIENNA (Reuters) - European Commission President Jose Manuel Barroso said on Monday he was confident Spain would fulfill its EU budget discipline commitments despite setting itself a softer 2012 deficit target than originally planned. Analysis: Out of intensive care, Europe risks chronic illness BRUSSELS (Reuters) - The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence. Credit Suisse to buy back $4.4 billion of securities ZURICH (Reuters) - Credit Suisse said on Monday it planned to buy back up to 4 billion Swiss francs ($4.4 billion) in outstanding securities in a bid to comply with the new Swiss and Basel III global capital adequacy rules. BP boosted by oil spill settlement LONDON (Reuters) - Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion. Glencore sticks to its guns on Xstrata merger terms LONDON (Reuters) - Commodities trader Glencore brushed aside Xstrata investors asking it to improve an agreed $37 billion bid for the miner, saying on Monday its existing offer was fair to all shareholders. Video game industry looks for new plan to reach players SAN FRANCISCO (Reuters) - The $64 billion global video games industry, shaken up by the likes of Zynga in recent years, may be on the verge of another identity crisis. Related Video CTAs provide market-beating returns: Agecroft's Steinbrugge Market Pulse: Bund at new high as euro zone PMIs disappoint Economic News U.S. risks persist, China in good stead so far: IMF Fed officials flag soft economy but mum on easing A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend