Business Today: Futures rise after Greece deal

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Good Morning Bit, FRI 26 Mar 2010    Futures rise after Greece deal White House to announce housing aid: sources AIG's near-collapse yields gold for Wall Street Fed agency scanning certain Calpers transactions Escape from Wall Street China makes its case for a steady yuan GM expects to repay $1 billion loan to Treasury: report Euro zone hopes Greece deal will impress market UBS cuts 200 jobs in its U.S. brokerage unit: source Oil pivots around $81 as euro reacts to Greek plan Shoppers unlikely to feel China pain Franco-German deal accepted Business Update: Gadget grab Futures rise after Greece deal March 26, 2010 07:58 AM ET NEW YORK (Reuters) - Stock index futures rose on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while investors awaited data on consumer sentiment. Full Article White House to announce housing aid: sources March 26, 2010 03:11 AM ET WASHINGTON (Reuters) - The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday. Full Article AIG's near-collapse yields gold for Wall Street March 26, 2010 01:42 AM ET NEW YORK (Reuters) - The crumbling empire of American International Group Inc is helping to pave Wall Street with gold. Full Article Fed agency scanning certain Calpers transactions March 26, 2010 07:23 AM ET (Reuters) - Los Angeles's justice department is scrutinizing certain investment transactions of public pension funds, including Calpers, the Wall Street Journal said, citing people familiar with the matter. Full Article Escape from Wall Street March 26, 2010 08:23 AM ET NEW YORK (Reuters) - UBS adviser Chuck Huebner knew he was done with big brokerages when some supervisors questioned a stock he had purchased for one of his clients. The offending equity? Berkshire Hathaway. Full Article China makes its case for a steady yuan March 26, 2010 07:46 AM ET BEIJING (Reuters) - China reaffirmed its determination on Friday to keep the yuan steady, rejecting U.S. arguments that a stronger exchange rate is needed to help iron out global trade imbalances. Full Article GM expects to repay $1 billion loan to Treasury: report March 26, 2010 07:19 AM ET (Reuters) - General Motors Co expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan. Full Article Euro zone hopes Greece deal will impress market March 26, 2010 08:11 AM ET BRUSSELS (Reuters) - Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece. Full Article UBS cuts 200 jobs in its U.S. brokerage unit: source March 26, 2010 02:07 AM ET (Reuters) - Swiss banking giant UBS AG has slashed about 200 jobs in its U.S. brokerage unit, a source told Reuters. Full Article Oil pivots around $81 as euro reacts to Greek plan March 26, 2010 07:38 AM ET LONDON (Reuters) - Oil tried to sustain forays above $81 with Brent briefly jumping over $1 as confidence over a deal to help debt-ridden Greece was tempered by worries the global recovery could still falter and keep crude demand weak. Full Article

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