Business Today: Stock futures little changed, housing sales eyed

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Good Morning Bit, TUE 23 Mar 2010    Stock futures little changed, housing sales eyed Google risks China's ire with slap to censorship Fed's Plosser: Base monetary policy on simple rules Senate panel backs financial reform bill KB Home posts narrower quarterly loss Walgreen quarterly profit rises Time Warner leads bids of up to $1.5 billion for MGM Fed to keep pro-growth policies: Chicago Fed chief Greece wants European solution to debt crisis European court rules Google's ad model is legal Google China redirects to Hong Kong Drugmakers big win Healthcare reform sorecard Stock futures little changed, housing sales eyed March 23, 2010 08:03 AM ET NEW YORK (Reuters) - Stock index futures were little changed on Tuesday, while investors awaited data on the housing market, which remains one of the weakest segments of the economy. Full Article Google risks China's ire with slap to censorship March 23, 2010 06:25 AM ET BEIJING/SHANGHAI (Reuters) - Google shut its mainland Chinese-language portal and began rerouting searches to its Hong Kong site, unleashing Beijing's ire and prompting worry over its prospects in China. Full Article Fed's Plosser: Base monetary policy on simple rules March 23, 2010 06:30 AM ET NAPLES, Florida (Reuters) - Central bankers should base policy on simple rules related to inflation and economic growth and not rely on hazy measures of economic slack in order to stay ahead of the curve, a senior U.S. Federal Reserve official said on Tuesday. Full Article Senate panel backs financial reform bill March 23, 2010 06:55 AM ET WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Monday, approved landmark financial regulatory reform legislation, pushing the fight over the issue to the full Senate in April. Full Article KB Home posts narrower quarterly loss March 23, 2010 08:19 AM ET NEW YORK (Reuters) - KB Home on Tuesday posted a narrower quarterly loss, helped by an improved operating environment for homebuilding. Full Article Walgreen quarterly profit rises March 23, 2010 07:50 AM ET NEW YORK (Reuters) - Walgreen Co posted a higher quarterly profit as it discounted less seasonal merchandise, but sales were pressured as the top U.S. drugstore chain dealt with cost-conscious consumers and a weak cold and flu season. Full Article Time Warner leads bids of up to $1.5 billion for MGM March 23, 2010 06:21 AM ET NEW YORK (Reuters) - Time Warner Inc, Lions Gate Entertainment Corp and billionaire Len Blavatnik's Access Industries put up rival bids of $1.2 billion to $1.5 billion for studio Metro-Goldwyn-Mayer, sources familiar with the matter, told Reuters on Monday. Full Article Fed to keep pro-growth policies: Chicago Fed chief March 23, 2010 03:38 AM ET SHANGHAI (Reuters) - Unacceptably high unemployment and well-contained inflation make it likely that U.S. monetary policy will remain accommodative for at least several months more, a top U.S. Federal Reserve official said on Tuesday. Full Article Greece wants European solution to debt crisis March 23, 2010 07:57 AM ET ATHENS (Reuters) - Greece wants a European solution to its debt crisis and expects positive results from a European Union summit on March 25-26, Finance Minister George Papaconstantinou said on Tuesday. Full Article European court rules Google's ad model is legal March 23, 2010 08:06 AM ET LUXEMBOURG/LONDON (Reuters) - Europe's highest court ruled Google Inc did not infringe trademark law by selling keywords to trigger ads after Louis Vuitton and others said the practice undermined their brands. Full Article

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