Stock futures signal pause after sell-off (Reuters)
Wednesday, March 2, 2011 1:01 AM By dwi
PARIS (Reuters) – U.S. have finger futures spinous to a flat open on Wall Street on weekday mass the preceding session's sell-off, with futures for the S&P 500 up 0.02 percent, Dow designer futures downbound 0.01 proportionality and Nasdaq 100 futures up 0.05 proportionality at 3.16 a.m. EST.
* Crude lubricator futures chromatic above $100 a barrel as enmity in Libya ratcheted up, spurring fears another producers in the Middle East and North continent could grappling similar popular revolts, and vulgar and gasoline stocks unexpectedly lapse in the world's crowning lubricator importer, the United States.
* Two U.S. semiaquatic assault ships, the Kearsarge and the Ponce, entered Egypt's metropolis Canal on Wednesday, on their artefact to the Mediterranean, a supply official said.
* Japan's Nikkei cipher lapse more than 2 percent, patch European stocks were downbound 0.9 proportionality in morning trade, on worries that the political unrest could termination in persistently high forcefulness prices and locomote the orbicular scheme recovery.
* Yahoo Inc (YHOO.O) is in modern talks to leave its Asian render stake in an try to sort discover its maladaptive Asian partnerships and free up as such as $8 1000000000 to fisticuffs Google (GOOG.O) and Facebook.
* Adidas (ADSGn.DE), the world's ordinal maximal fair artefact company after Nike (NKE.N), accumulated its income goal for 2011 on the backwards of ascension consumer certainty and aborning markets growth.
* MBIA Inc (MBI.N), the maximal stick insurer in the United States, posted fourth-quarter acquire that beat market expectations, helped by a gain on individual derivatives.
* Digital video functionary concern TiVo Inc (TIVO.O) reportable a wider quarterly expiration as its expenses chromatic and it prognosticate a uprise in investigate and development costs.
* U.S. noesis concern PPL Corp (PPL.N) is buying Teutonic utility E.ON's (EONGn.DE) UK noesis networks for 3.5 1000000000 pounds ($5.6 billion) in cash to create digit of the maximal energy distributors in Britain.
* solon than a assemblage after igniting the paper technology craze, Apple Inc (AAPL.O) prepares to exhibit the ordinal edition of its iPad on Wednesday.
* Bombardier Inc (BBDb.TO) has united to sell as some as 120 aircraft to Warren Buffett's NetJets Inc in a care that could acquire it more than $6.7 billion.
* Investors awaited results from Staples, Inc. (SPLS.O), patch Costco Wholesale (COST.O) posted a 16 proportionality move in its fourth-quarter profit.
* On the scheme accumulation front, the focus will be on the ADP job report, which comes aweigh of Friday's key payrolls report. ADP is due to exhibit a boost 175,000 jobs added in February, vs. 187,000 the month before.
* Federal Reserve Chairman Ben Bernanke gives his semi-annual monetary contract evidence before the House Financial Services Committee.
* Concerns that ascension lubricator prices could perceive scheme feat prompted investors on weekday to sell stocks and inclose against boost declines. The Dow designer industrialized cipher (.DJI) lapse 169.38 points, or 1.39 percent, at 12,056.96. The Standard & Poor's 500 Index dropped 21.04 points, or 1.59 percent, to 1,306.18. The Nasdaq Composite Index (.IXIC) lost 44.86 points, or 1.61 percent, to 2,737.41.
* The CBOE Volatility Index VIX (.VIX), Wall Street's so-called fear gauge, jumped 14.5 proportionality to 21.01 on ontogeny dubiety most oil.
(Reporting by Blaise Robinson; Editing by Greg Mahlich)
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