Business Today: Stock futures higher after GDP data

		Click to View in Browser 07/27/2012 Stock futures higher after GDP data NEW YORK (Reuters) - Stock index futures rose on Friday after economic growth was in line with forecasts, slowing as expected in the second quarter and defying fears of a more pronounced slowdown. Chevron profits slip with oil price dip (Reuters) - Chevron Corp , the second-largest U.S. oil company, reported a lower quarterly profit on Friday as oil prices weakened from a year earlier, though fatter refining margins cushioned the blow. Exclusive: Spain discussed 300 billion euro bailout with Germany: source BRUSSELS (Reuters) - Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion euros ($366 billion) if its borrowing costs remain unsustainably high, a euro zone official said. Merck quarterly earnings beat forecasts (Reuters) - Merck & Co Inc reported better-than-expected quarterly earnings despite the negative impact of the stronger dollar, with solid sales growth from its vaccines and treatments for diabetes and HIV. Exclusive: ECB may take losses in second Greek debt restructuring BRUSSELS (Reuters) - European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone, with the ECB and national central banks looking at taking significant losses on the value of their bond holdings, officials said. Wary consumers, trade curb U.S. growth in Q2 WASHINGTON (Reuters) - U.S. economic growth slowed as expected in the second quarter as consumers spent at their slowest pace in a year, potentially pushing the Federal Reserve closer to pumping more money into the economy. Apple to buy fingerprint sensor maker AuthenTec for $356 million (Reuters) - Apple Inc has agreed to buy AuthenTec Inc for $8.00 per share, the maker of fingerprint sensor chips used in personal computers said, in a deal valued at about $356 million. Lack of financial outlook drives down Facebook shares (Reuters) - Facebook Inc shares fell in premarket trading on Friday after the company's lack of a financial forecast reinforced concerns about its mobile strategy. Soaring Spanish unemployment hits record highs MADRID (Reuters) - Spanish unemployment hit its highest level in the second quarter since the Franco dictatorship ended in the mid-1970s, succumbing to a crisis of confidence among business and consumers that looks likely to escalate as the country's recession drags on. Smartphones power record Samsung profit of $5.9 billion during Apple lull SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported on Friday a record operating profit of $5.9 billion for the June quarter, as rampant Galaxy S handset sales helped stretch its lead over Apple Inc. Related Video U.S. Morning Call: Facebook stock plummets in premarket Market Pulse: ECB may fire cheap loans bazooka - strategist Economic News Wary consumers, trade curb U.S. growth in Q2 Jobless claims fall, still volatile due to auto jobs 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