Business Today: Stock futures lower on "fiscal cliff" apprehension

		Click to View in Browser 12/11/2012 Stock futures lower on "fiscal cliff" apprehension NEW YORK (Reuters) - Stock futures edged lower on Monday as investors awaited any sign of progress in talks to avert the United States' so-called fiscal cliff of tax hikes and spending cuts. Obama heads to Michigan auto plant pressing case on fiscal cliff WASHINGTON (Reuters) - President Barack Obama heads for familiar campaign ground Monday, an auto plant in Michigan, to press his case for tax hikes on the wealthy. China economic recovery intact, but weak exports drag BEIJING (Reuters) - China's exports growth slowed sharply to a much lower than expected 2.9 percent in November, a customs report said on Monday, underscoring the global headwinds dragging on an economy showing otherwise solid signs of a pick up in domestic activity. Greece extends buyback offer to reach 30 billion euro target ATHENS/BRUSSELS (Reuters) - Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros. Opel sees no alternative to closing Bochum plant FRANKFURT (Reuters) - General Motors Co's Opel unit came a major step nearer to closing its Bochum plant in Germany, telling the roughly 3,000 workers it had not changed its mind about ending vehicle production in 2016. McDonald's November restaurant sales beat expectations (Reuters) - McDonald's Corp reported on Monday a stronger-than-expected 2.4 percent rise in November sales at established restaurants, helped by demand for breakfast in the United States and lower-priced offerings in Europe. Chinese group to buy AIG's plane leasing firm for up to $4.8 billion NEW YORK/HONG KONG (Reuters) - American International Group Inc is to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market easier and cheaper access to planes. OECD sees economic traction in U.S. and Britain PARIS (Reuters) - Economic growth appears to be gathering traction in the United States and Britain, while China and Italy may be about to turn up, the Organisation for Economic Co-operation and Development said on Monday. Virgin, Delta plan transatlantic joint venture: source LONDON (Reuters) - Virgin Atlantic will form a joint venture on transatlantic flights with Delta Air Lines if the U.S. carrier buys Singapore Airlines' 49 percent stake in the UK airline, a source close to Virgin said. CNOOC pledge small step for China transparency, skeptics abound SINGAPORE/HONG KONG (Reuters) - CNOOC's promise of transparency, pledged to win approval from Canada for its $15.1 billion purchase of Nexen Inc, looks like a positive step on the face of it but is unlikely to represent a sea change in Chinese business practices. Related Video Snowman & Snowdog animators walking in the air at tax relief Breakingviews: Fine shows HSBC too big to indict Economic News Obama heads to Michigan auto plant pressing case on fiscal cliff Obama meets with Boehner on fiscal cliff: aides 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