Business Today: Stock futures rise on signs of Greek debt progress

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Good Morning Bit, TUE 02 Mar 2010    Stock futures rise on signs of Greek debt progress Hyundai feeds on Toyota woes as GM recalls 1.3 million cars Staples net falls, shares drop CF relaunches bid for Terra, tops Yara offer Judge could tip General Growth future Greece must make more cuts, size not yet clear: EU Toyota quality changes to focus sharply on safety Canon says still short of target in Oce bid GM triples Opel financing, cuts state aid request Fed's No. 2 to depart China home dreams fade China bank to raise $3.2 bln Business Update: Asia techs firm Stock futures rise on signs of Greek debt progress March 02, 2010 08:06 AM ET NEW YORK (Reuters) - Stock index futures rose on Tuesday, a day after the S&P 500 moved into positive territory for 2010, as Greece appeared to be making progress toward a resolution on aid from the European Union. Full Article Hyundai feeds on Toyota woes as GM recalls 1.3 million cars March 02, 2010 07:48 AM ET SEOUL/DETROIT (Reuters) - South Korea's Hyundai Motor Co announced a sharp rise in February sales, benefiting from recall woes at rival Toyota Motor Co, which planned aggressive incentives to win back U.S. customers. Full Article Staples net falls, shares drop March 02, 2010 08:10 AM ET NEW YORK (Reuters) - Staples Inc reported lower-than-expected quarterly profit on weak demand for big-ticket items, and forecast full-year earnings well below analysts' expectations, sending its shares down 7 percent. Full Article CF relaunches bid for Terra, tops Yara offer March 02, 2010 08:24 AM ET NEW YORK (Reuters) - Fertilizer maker CF Industries Holdings Inc relaunched a hostile bid worth $4.75 billion to buy rival Terra Industries in a move to break up Terra's planned takeover by Norway's Yara International . Full Article Judge could tip General Growth future March 02, 2010 07:03 AM ET NEW YORK (Reuters) - The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever. Full Article Greece must make more cuts, size not yet clear: EU March 02, 2010 08:08 AM ET BRUSSELS (Reuters) - Greece must take additional measures to reach its deficit-cut target of 4 percent of GDP in 2010 but it is not yet clear how far short Athens is with steps announced so far, the European Commission said on Tuesday. Full Article Toyota quality changes to focus sharply on safety March 02, 2010 08:07 AM ET WASHINGTON (Reuters) - Toyota Motor Corp executives in North America will have more authority over recall decision-making under quality control changes that will also give safety a sharper focus in vehicle design, company officials said on Tuesday. Full Article Canon says still short of target in Oce bid March 02, 2010 04:11 AM ET TOKYO/AMSTERDAM (Reuters) - Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent. Full Article GM triples Opel financing, cuts state aid request March 02, 2010 05:22 AM ET FRANKFURT (Reuters) - General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor. Full Article Fed's No. 2 to depart March 01, 2010 09:04 PM ET WASHINGTON (Reuters) - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama more scope to reshape the institution. Full Article

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