Business Today: Stock futures rise ahead of retail sales data

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Good Morning Bit, FRI 12 Mar 2010    Stock futures rise ahead of retail sales data Retail sales unexpectedly rise 0.3 percent Obama to tap Yellen for Fed vice chair: source KKR files for NYSE listing Examiner sees accounting gimmicks in Lehman demise AnnTaylor posts surprise quarterly profit Wells Fargo eyes end to Baltimore mortgage lawsuit Toyota discounts boost sales Yara exits Terra battle, shares rise Movie "Avatar" has few fans among mining execs Air China soars on share plans 3D TV hits homes Entrepreneur's Edge: Sproxil Stock futures rise ahead of retail sales data March 12, 2010 07:51 AM ET NEW YORK (Reuters) - U.S. stock index futures were higher on Friday, a day after the S&P hit a 17-month closing high and ahead of reports that could give clues about the strength of the American consumer. Full Article Retail sales unexpectedly rise 0.3 percent March 12, 2010 08:33 AM ET WASHINGTON (Reuters) - Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery. Full Article Obama to tap Yellen for Fed vice chair: source March 12, 2010 08:03 AM ET WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday. Full Article KKR files for NYSE listing March 12, 2010 08:25 AM ET NEW YORK (Reuters) - Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, the private equity giant said on Friday. Full Article Examiner sees accounting gimmicks in Lehman demise March 11, 2010 10:11 PM ET NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. Full Article AnnTaylor posts surprise quarterly profit March 12, 2010 08:36 AM ET NEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp reported a surprise quarterly profit on Friday, helped by tight inventory management and improved merchandise. Full Article Wells Fargo eyes end to Baltimore mortgage lawsuit March 12, 2010 08:19 AM ET NEW YORK (Reuters) - Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans. Full Article Toyota discounts boost sales March 11, 2010 11:18 PM ET DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures. Full Article Yara exits Terra battle, shares rise March 12, 2010 05:16 AM ET OSLO (Reuters) - Norway's Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares but scuppering its U.S. expansion plans. Full Article Movie "Avatar" has few fans among mining execs March 11, 2010 04:36 PM ET NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment. Full Article

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