Business Today: Stock futures slip ahead of ADP payroll, services data

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Good Morning Bit, WED 03 Mar 2010    Stock futures slip ahead of ADP payroll, services data Private sector sheds 20,000 jobs in February Costco posts higher profit Fed's Fisher: Must break up banks that are too big Walgreen February sales rise just less than expected Greek PM seeks EU support for tough austerity plan Job cuts fall in February to lowest since 2006 Fewer sellers cut home prices in Feb: Zillow Nissan to recall 540,000 vehicles globally FDIC's Bair blasts Wall Street's values on pay Business Update: Asia autos gain Ford's big win Small cars star at Geneva car show Stock futures slip ahead of ADP payroll, services data March 03, 2010 08:02 AM ET NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited data on the labor market for clues ahead of a critical employment report and Greece took steps to meet fiscal targets. Full Article Private sector sheds 20,000 jobs in February March 03, 2010 08:24 AM ET NEW YORK (Reuters) - U.S. private employers shed 20,000 jobs in February, fewer than the 60,000 jobs lost in January, a report by a private employment service said on Wednesday. Full Article Costco posts higher profit March 03, 2010 08:19 AM ET (Reuters) - Costco Wholesale Corp on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes. Full Article Fed's Fisher: Must break up banks that are too big March 03, 2010 08:01 AM ET NEW YORK (Reuters) - Banks that are seen as too large to fail should be broken up in order to make the financial system more stable, Dallas Federal Reserve President Richard Fisher said on Wednesday. Full Article Walgreen February sales rise just less than expected March 03, 2010 08:26 AM ET CHICAGO (Reuters) - Walgreen Co said February sales at stores open at least a year rose just 0.4 percent, crimped by a lower incidence of the flu versus a year earlier. Full Article Greek PM seeks EU support for tough austerity plan March 03, 2010 08:15 AM ET ATHENS (Reuters) - Greece's cabinet approved a sweeping new austerity program on Wednesday, the third in as many months, intended to rein in a bulging budget deficit and secure European financial support. Full Article Job cuts fall in February to lowest since 2006 March 03, 2010 07:37 AM ET NEW YORK (Reuters) - The number of planned layoffs at U.S. firms fell in February to the lowest level since 2006, and employers appear to have shifted away from downsizing even though hiring may be a while off, a report on Wednesday showed. Full Article Fewer sellers cut home prices in Feb: Zillow March 03, 2010 08:06 AM ET NEW YORK (Reuters) - The percentage of U.S. home sellers who cut their asking price declined again in February and sellers made slightly smaller reductions in prices, real estate website Zillow.com said on Wednesday. Full Article Nissan to recall 540,000 vehicles globally March 03, 2010 06:01 AM ET TOKYO (Reuters) - Nissan Motor Co , Japan's third-biggest car maker, said it will recall about 540,000 vehicles worldwide due to potential defects in brake pedal pins and fuel-gauge components, mostly in the United States. Full Article FDIC's Bair blasts Wall Street's values on pay March 02, 2010 08:53 PM ET WASHINGTON (Reuters) - An outspoken U.S. bank regulator on Tuesday rebuked Wall Street firms for only paring huge bonuses after a public outcry, saying she wished they had a better "propriety compass." Full Article

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