Business Today: Futures off on China policy concerns, data eyed

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Good Morning Bit, MON 15 Mar 2010    Futures off on China policy concerns, data eyed EU to discuss Greek aid, Germany skeptical Arrow to reject Shell, PetroChina $3 billion bid: report U.S. says no explanation yet for Prius California claim Phillips-Van Heusen to buy Hilfiger for $3 billion Talks start in Australia on Pacific trade deal Pepsi raising payout, to buy back $15 billion in stock EADS has received no word from U.S. on tanker Wachovia in talks with U.S. to settle probe: report Ex-Schering-Plough execs take reins at Bausch Business Update: China policy eyed China carmaker BYD boosts capex Online luxury for less Futures off on China policy concerns, data eyed March 15, 2010 08:01 AM ET NEW YORK (Reuters) - Stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession. Full Article EU to discuss Greek aid, Germany skeptical March 15, 2010 08:15 AM ET BRUSSELS (Reuters) - Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments. Full Article Arrow to reject Shell, PetroChina $3 billion bid: report March 15, 2010 02:39 AM ET PERTH (Reuters) - Australia's Arrow Energy is set to reject as too low a $3 billion joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported, a move that could prompt the bidders to return with a higher, hostile bid. Full Article U.S. says no explanation yet for Prius California claim March 15, 2010 07:06 AM ET WASHINGTON (Reuters) - Safety investigators have found no evidence so far to support or disprove a California motorist's claim his Toyota Motor Corp Prius sped out of control on its own, and cautioned the case may never be explained, U.S. regulators said on Monday. Full Article Phillips-Van Heusen to buy Hilfiger for $3 billion March 15, 2010 08:19 AM ET NEW YORK (Reuters) - Apparel company Phillips-Van Heusen Corp said it will buy fashion brand Tommy Hilfiger in a cash and stock deal for about $3 billion in a bid to boost its presence in markets like Europe and Asia. Full Article Talks start in Australia on Pacific trade deal March 14, 2010 11:48 PM ET CANBERRA (Reuters) - Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks. Full Article Pepsi raising payout, to buy back $15 billion in stock March 15, 2010 07:28 AM ET NEW YORK (Reuters) - PepsiCo Inc said on Monday it will raise its dividend by 7 percent to $1.92 a share annually, and also announced plans to buy back up to $15 billion of common shares through June 2013. Full Article EADS has received no word from U.S. on tanker March 15, 2010 07:16 AM ET PARIS (Reuters) - Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday. A source familiar with Pentagon thinking said on Friday the United States may extend a deadline for bids on its aerial refueling tanker to give EADS an opportunity to consider whether to compete against Boeing on the project. Full Article Wachovia in talks with U.S. to settle probe: report March 15, 2010 06:47 AM ET (Reuters) - Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation. Full Article Ex-Schering-Plough execs take reins at Bausch March 15, 2010 07:55 AM ET NEW YORK (Reuters) - Two former top executives of drugmaker Schering-Plough Corp were named on Monday as new leaders of privately owned eye-care company Bausch & Lomb. Full Article

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