Futures point to higher open as Bunge and Halliburton eyed
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Mon, 23 Jun 2008 10:38:01 GMT |
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LONDON (Reuters) - Stock futures pointed to a higher start on Monday, tracking gains in Europe and bouncing back from Friday's steep losses on Wall Street. September Dow Jones futures and Standard & Poor's 500 rose 0.4 percent, while Nasdaq 100 futures gained 0.2 percent.* Citigroup Inc is set to slash about 6,500 jobs in its investment banking division, the Wall Street Journal said on its website on Sunday.* U.S. fertilizer producer and oilseed processor Bunge Ltd has agreed to buy Corn Products International Inc for $4.4 billion in stock, Bunge said on Monday.* Walgreen is due to announce third-quarter results.* U.S. oil services firm Halliburton said it has ended talks to buy UK rival Expro after its target refused to open an auction and opted for a 1.8 billion pound ($3.5 billion) rival bid.* Bond insurers such as Ambac Financial Group , MBIA Inc and FGIC are talking to banks about wiping out $125 billion of insurance on risky debt securities to limit the damage to the insurers from the credit crisis, the Financial Times reported on its website on Sunday.(Reporting by Rebekah Curtis)
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