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U.S. Morning Call: Stock futures up, Apple lawsuit looms

Thursday, March 08, 2012 - 02:20

Mar. 8 - U.S. stock futures are pointing to a higher open after optimism that Greece's bond swap offer will succeed. Also, the WSJ reports that the U.S. Justice Department may sue Apple on e-book pricing.

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Here's -- all this Thursday optimism about -- you heard me right it's given markets only. Dow NASDAQ S&P 500 stock index futures up close to 1% each. A Greek government official telling Reuters he is optimistic on swap offer with private debt holders will sixty they had 8:3 PM New York time deadline. -- -- Stocks across Europe up at least 1% with shares in France and Germany up about 2%. Another today and other legal issue for apple this time the Justice Department is reportedly warning the company and five US publishers. It plans to see them. The Wall Street Journal says it accuses them of colluding to raise the prices of electronic books among publishers involved or CBS assignment -- and news -- harpercollins. Papers as some of the companies are involved in settlement talks -- -- was unable to reach any for compact. FaceBook is trending more of Wall Street and amending IPO filing shows it added twenty I banks to help underwrite its offering including Citigroup. And Deutsche Bank. Social networking firm also said it has secured two new credit facilities one of which were helping pay taxes related to employee stock units. It also acknowledged that about 5% of its 845. Million monthly active users. Are false or duplicate accounts. Based that is preparing to raise five billion dollars and IPO that could give it. A 100 million dollar valuation Mark Zuckerberg by the way coming in at number 354. Billionaires list when it just. Four billion shares under thirty in the world. Now it's treasurys turn to cut its stake in AIG announced plans to sell six billion dollars worth of AIG stock -- reaching an agreement with the insurers to pay down eight point five billion more in applications. The moves follow a yankees Selig seeking -- EIA earlier this week to me he six billion to the government. Big numbers no doubt but the feds will still alone 70% of the company after all this still enough for the bailout for main target of critics of the president. This election year. And finally bankers looking for bigger I've -- okay head. To Asia a survey from our assertion salaries they're set to rise at twice the rate of US Europe. But there's good news for bankers here -- companies are making changes to how they pay out bonuses only 10% are considering reducing the maximum out. That's morning call this Thursday I'm Jen Rogers is as partners insider.

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U.S. Morning Call: Stock futures up, Apple lawsuit looms

Thursday, March 08, 2012 - 02:20