Business Today: Stock futures higher on AIG deal

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Good Morning Bit, MON 01 Mar 2010    Stock futures higher on AIG deal Prudential confirms to buy AIG Asia for $35.5 billion Buffett: Economy on mend, health care big problem Consumer spending rises 0.5 percent in Jan Goldman board rejects shareholder demands on pay HSBC profits dip Pepsi backs 2010 outlook, closes bottler purchases Toyoda slips into China on damage control mission Global factories enjoy bumper February Vivendi beats forecasts, cautious on 2010 Business Update: Chile quake impact Google attack raises security focus Business Update: Jobs bill progress Stock futures higher on AIG deal March 01, 2010 08:03 AM ET NEW YORK (Reuters) - Stock index futures rose on Monday after AIG said it would sell its life insurance unit in Asia and as investors awaited U.S. data on manufacturing and consumer spending. Full Article Prudential confirms to buy AIG Asia for $35.5 billion March 01, 2010 08:32 AM ET LONDON (Reuters) - Britain's Prudential said it would buy AIG's Asian life insurance arm for $35.5 billion, making it the undisputed foreign leader in one of the world's fastest-growing financial services markets. Full Article Buffett: Economy on mend, health care big problem March 01, 2010 07:38 AM ET NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles, but faces an uneven recovery as consumers keep a tight rein on spending. Full Article Consumer spending rises 0.5 percent in Jan March 01, 2010 08:34 AM ET WASHINGTON (Reuters) - Consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, a government report showed on Monday. Full Article Goldman board rejects shareholder demands on pay March 01, 2010 08:08 AM ET NEW YORK (Reuters) - Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices. Full Article HSBC profits dip March 01, 2010 06:59 AM ET LONDON (Reuters) - HSBC Holdings missed expectations with a $7 billion annual profit after bad debts rose and risked a public backlash by paying three investment bankers over 9 million pounds ($13.7 million) each. Full Article Pepsi backs 2010 outlook, closes bottler purchases March 01, 2010 07:43 AM ET NEW YORK (Reuters) - PepsiCo backed its outlook for 2010 and said it saw earnings per share rising at a low double-digit rate on an constant currency basis in 2011 and 2012. Full Article Toyoda slips into China on damage control mission March 01, 2010 08:07 AM ET BEIJING (Reuters) - Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis. Full Article Global factories enjoy bumper February March 01, 2010 06:44 AM ET LONDON/BEIJING (Reuters) - Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates. Full Article Vivendi beats forecasts, cautious on 2010 March 01, 2010 06:34 AM ET PARIS (Reuters) - Vivendi, Europe's largest entertainment group, sounded a cautious note on its profit outlook for this year despite posting better than expected results for 2009, boosted by its video games and telecoms units. Full Article

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