Business Today: Futures up as Greece readies bond; data in focus

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Good Morning Bit, MON 29 Mar 2010    Futures up as Greece readies bond; data in focus China jails Rio Tinto staff for 7-14 years Geely eyes China market to revive Volvo brand Greece gets little market bounce from EU deal Consumer spending rises, incomes flat in February Antisoma, Novartis lung cancer drug fails in study Bankrupt General Growth nears plan filing: sources EADS to decide on U.S. tanker bid in 2-3 weeks: report Jupiter financials star puts half his fund in cash JP Morgan payoff in WaMu case faces FDIC hurdle: report Business Update: New housing plan Signs of US manufacturing recovery Business Update: Waiting for 11,000 Futures up as Greece readies bond; data in focus March 29, 2010 08:21 AM ET NEW YORK (Reuters) - Stock index futures gained on Monday as Greece prepared to test demand for the battered country's debt and investors shifted focus to key jobs data later this week. Full Article China jails Rio Tinto staff for 7-14 years March 29, 2010 08:06 AM ET SHANGHAI (Reuters) - A Chinese court jailed four Rio Tinto staff for seven to 14 years on Monday for taking bribes and stealing commercial secrets, a sentence Australia said was harsh. Full Article Geely eyes China market to revive Volvo brand March 29, 2010 08:30 AM ET SHANGHAI/HONG KONG (Reuters) - Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability. Full Article Greece gets little market bounce from EU deal March 29, 2010 07:41 AM ET ATHENS/LONDON (Reuters) - Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs. Full Article Consumer spending rises, incomes flat in February March 29, 2010 08:37 AM ET WASHINGTON (Reuters) - U.S. consumer spending rose as expected in February for a fifth straight month, while stagnant incomes pushed savings to their lowest level since October 2008, a government report showed on Monday. Full Article Antisoma, Novartis lung cancer drug fails in study March 29, 2010 07:18 AM ET LONDON (Reuters) - British cancer specialist Antisoma suffered a body blow on Monday as a lung cancer drug being developed with Novartis failed in a late-stage trial, sending its shares plunging 70 percent. Full Article Bankrupt General Growth nears plan filing: sources March 28, 2010 08:52 PM ET NEW YORK (Reuters) - General Growth Properties Inc is getting closer to filing a bankruptcy exit plan, with its board planning to meet on Monday to give final approval to the proposal, sources familiar with the matter said. Full Article EADS to decide on U.S. tanker bid in 2-3 weeks: report March 29, 2010 02:35 AM ET FRANKFURT (Reuters) - EADS could decide within the next two to three weeks whether it will bid for a contract to build aerial tankers for the U.S. Air Force, the head of the company's Airbus unit told a German newspaper. Full Article Jupiter financials star puts half his fund in cash March 29, 2010 07:35 AM ET LONDON (Reuters) - British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility. Full Article JP Morgan payoff in WaMu case faces FDIC hurdle: report March 28, 2010 10:47 PM ET NEW YORK (Reuters) - The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co , according to the company and a Wall Street Journal report. Full Article

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