Business Today: Stock futures little changed after recent rally

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Good Morning Bit, MON 08 Mar 2010    Stock futures little changed after recent rally MetLife buying AIG's Alico unit for $15.5 billion McDonald's February same-store sales up 4.8 percent Kraft under probe over Cadbury deal in UK: report Dubai World deal hope lifts markets, divides creditors China cautions against expecting fast yuan rise Economists see Fed rate hike in 6 months Toyota chief says sees U.S. sales recovery ahead Senators wrestle with Fed bank oversight issues Greece won't need aid, central bank chief tells paper Job market pick-up New railway across Africa Business Update: Signs of progress Stock futures little changed after recent rally March 08, 2010 07:51 AM ET NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday following a strong rally to end last week's session, when the Nasdaq closed at an 18-month high on better-than-expected February payroll data. Full Article MetLife buying AIG's Alico unit for $15.5 billion March 08, 2010 08:12 AM ET NEW YORK (Reuters) - AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout. Full Article McDonald's February same-store sales up 4.8 percent March 08, 2010 08:24 AM ET NEW YORK (Reuters) - McDonald's Corp reported a 4.8 percent rise in February sales at established restaurants as strong overseas results offset softness in the United States, sending its shares up 1 percent. Full Article Kraft under probe over Cadbury deal in UK: report March 08, 2010 12:31 AM ET (Reuters) - Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said, citing people familiar with the matter. Full Article Dubai World deal hope lifts markets, divides creditors March 08, 2010 08:29 AM ET DUBAI (Reuters) - Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate. Full Article China cautions against expecting fast yuan rise March 08, 2010 07:27 AM ET BEIJING (Reuters) - Any rise in the yuan's exchange rate will be gradual, China's trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making. Full Article Economists see Fed rate hike in 6 months March 08, 2010 12:56 AM ET WASHINGTON (Reuters) - Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday. Full Article Toyota chief says sees U.S. sales recovery ahead March 08, 2010 04:57 AM ET TOKYO (Reuters) - Toyota Motor Corp's president said on Monday he believed that sales in North America could recover in March after a sharp decline last month when the automaker suspended sales of some recalled models. Full Article Senators wrestle with Fed bank oversight issues March 08, 2010 07:26 AM ET WASHINGTON (Reuters) - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday. Full Article Greece won't need aid, central bank chief tells paper March 08, 2010 02:16 AM ET BERLIN (Reuters) - Greece will not need foreign help to deal with its debt problems, central bank governor George Provopoulos said in a German newspaper interview released Monday. Full Article

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