Business Today: Futures dip with jobs, inflation data on tap

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Good Morning Bit, THU 18 Mar 2010    Futures dip with jobs, inflation data on tap FedEx profit more than doubles, tops expectations U.S. tells China yuan issue is of "real concern" Greek PM warns of debt spiral, hopes to avoid IMF Nike beats Street view, shares sprint higher Barnes & Noble promotes Web chief as new CEO Teva to buy Ratiopharm for nearly $5 billion WTO needs political miracle for 2010 Doha deal Toyota faces racketeering claims in consumer suits Yuan rise would be disastrous: China export body Gasoline demand creeping higher Business Update: PPI falls China a currency 'Manipulator'? Futures dip with jobs, inflation data on tap March 18, 2010 07:18 AM ET NEW YORK (Reuters) - Stock index futures dipped on Thursday, one day after the Dow pushed to a 17-month high, while investors awaited data on consumer inflation and the labor market. Full Article FedEx profit more than doubles, tops expectations March 18, 2010 08:28 AM ET NEW YORK (Reuters) - Package delivery giant FedEx Corp posted sharply higher quarterly profit, topping expectations, but its shares fell, giving back gains accrued in the days leading up to the earnings announcement. Full Article U.S. tells China yuan issue is of "real concern" March 18, 2010 07:42 AM ET BEIJING (Reuters) - The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate. Full Article Greek PM warns of debt spiral, hopes to avoid IMF March 18, 2010 08:34 AM ET BRUSSELS/ATHENS (Reuters) - Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, warning it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF. Full Article Nike beats Street view, shares sprint higher March 18, 2010 08:17 AM ET SAN FRANCISCO (Reuters) - Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent. Full Article Barnes & Noble promotes Web chief as new CEO March 18, 2010 08:32 AM ET (Reuters) - Barnes & Noble Inc promoted the head of its e-commerce business to chief executive, weeks after investor Ron Burkle accused its board of protecting the interests of its controlling family when it blocked his attempt to raise his stake. Full Article Teva to buy Ratiopharm for nearly $5 billion March 18, 2010 07:53 AM ET FRANKFURT (Reuters) - Israel's Teva has won the battle for German generic drugmaker Ratiopharm, paying an enterprise value of 3.625 billion euros to fix the industry leader's weakness in the world's second-largest generics market. Full Article WTO needs political miracle for 2010 Doha deal March 18, 2010 07:35 AM ET GENEVA (Reuters) - Members of the World Trade Organization are likely to conclude next week that it will take a political miracle to agree a new trade deal this year, consigning yet another Doha round deadline to the dustbin. Full Article Toyota faces racketeering claims in consumer suits March 17, 2010 07:38 PM ET LOS ANGELES (Reuters) - Lawyers seeking civil damages against Toyota Motor Corp on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker. Full Article Yuan rise would be disastrous: China export body March 18, 2010 03:59 AM ET BEIJING (Reuters) - A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy. Full Article

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