Business Today: Futures rise on commodity boost

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Good Morning Bit, FRI 09 Apr 2010    Futures rise on commodity boost Special Report: How the U.S. cracked open secret vaults at UBS Major U.S. banks masked risk levels: report Greek output slumps as EU dithers on aid Constellation Brands beats Street but outlook weak Strong U.S. earnings seen, but may be priced in Massey to up coal output at other mines after blast Macarthur Coal delays shareholder vote China may raise rates soon, revalue yuan by Oct EADS close to decision on U.S. tanker bid: sources Speculation grows on yuan shift Business Update: Asia steels higher Shopping back in style Futures rise on commodity boost April 09, 2010 07:38 AM ET NEW YORK (Reuters) - U.S. stock index futures were higher on Friday, with shares of natural resource companies poised to outperform as the U.S. dollar retreated, sending crude oil and other commodities higher. Full Article Special Report: How the U.S. cracked open secret vaults at UBS April 09, 2010 06:12 AM ET ZURICH (Reuters)- After the collapse of Lehman Brothers in September 2008, Switzerland's largest bank was teetering. UBS, which was more than three times bigger than Lehman in terms of assets, had to write down some $50 billion during that tumultuous period. Full Article Major U.S. banks masked risk levels: report April 09, 2010 08:36 AM ET (Reuters) - Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York. Full Article Greek output slumps as EU dithers on aid April 09, 2010 08:26 AM ET ATHENS (Reuters) - Greece continued to resist market pressure for it to seek emergency aid from the EU and IMF, as the country's manufacturing base contracted sharply in February despite growing signs of upturn in the global economy. Full Article Constellation Brands beats Street but outlook weak April 09, 2010 08:09 AM ET NEW YORK (Reuters) - Alcoholic drinks maker Constellation Brands Inc reported a higher than expected quarterly adjusted profit on Friday, as higher wine and vodka sales made up for weak imported beer sales, but forecast full-year earnings that would fall short of Wall Street estimates. Full Article Strong U.S. earnings seen, but may be priced in April 09, 2010 08:02 AM ET NEW YORK (Reuters) - U.S. corporate earnings should top forecasts again in the first quarter, but the extent of the stock market's rally means investors are expecting a lot from companies. Full Article Massey to up coal output at other mines after blast April 09, 2010 08:36 AM ET (Reuters) - Coal miner Massey Energy Co , owner of the Upper Big Branch (UBB) mine where at least 25 miners died in a blast this week, said it was working to increase production at its other mines to mitigate losses at UBB. Full Article Macarthur Coal delays shareholder vote April 09, 2010 08:32 AM ET PERTH (Reuters) - Australia's Macarthur Coal postponed a shareholder vote on whether to take over a smaller rival, leaving the door open for major coal producers to bid for Macarthur, the world's top producer of a cleaner coal sought after by steelmakers. Full Article China may raise rates soon, revalue yuan by Oct April 09, 2010 04:21 AM ET BEIJING (Reuters) - China might increase interest rates as early as this month, but Beijing will probably not resume yuan appreciation as soon as that, a senior government economist said on Friday. Full Article EADS close to decision on U.S. tanker bid: sources April 09, 2010 05:33 AM ET PARIS (Reuters) - Airbus parent EADS is close to a decision on bidding for a deal worth up to $50 billion to supply air tankers to the United States backed by a U.S. supplier, sources close to the matter said on Friday. Full Article

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