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U.S. Morning Call: U.S. futures point to lower open

Wednesday, May 09, 2012 - 02:57

May 9 - U.S. stock index futures were down, signaling weakness in the market.

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Here's your boarding call for this Wednesday market set for another week gulp it down NASDAQ S&P 500 stock index futures down close to 1% each. Spain -- banks to set aside another 45 billion dollars to cover bad loans to builders. While political parties in Greece trying to form a coalition government. Radical leftist Alexis surprise meeting with more mainstream parties and demanding ditching the EU IMF bailout. As a condition of joining forces stocks in Greece and telling -- keep -- level after falling the past few days. Did overcoming a massive box office failure to post strong earnings. John Carter leading to an 84 million dollar operating loss for the studio unit and a departure of studio chief Joseph Roth has the 250 million dollar film did not score with audiences. But at the parks and TV networks made up for me and the mouse house made a profit that beat expectations. The Dow component up about 1% in the premarket. Chesapeake Energy CEO Aubrey McClendon not commenting on the latest Reuters explosive report. On the CEOs financial practices. A source telling Reuters McClintock and arranged an additional 450 million dollar loan. From a long time backer in the weeks before he was stripped of his chairman's role over his personal financial dealings the -- came from EIG global energy partners which was at that time helping to arrange -- -- and waited another round of financing for chastity. The writers investigation last month McClendon had borrowed heavily against his interests in wells owned by Chesapeake. Mostly from the IG. Shares have taken a nosedive falling to a new 52 week -- Tuesday. More pop out from accusations of resonate padding by Yahoo! CEO. Source says director Patti Hart. Who led the search for the new boss. Has decided to give up her seat on the board meantime the company's appointed a special committee's review is Scott Thompson's educational credentials. It's hired a -- offered to take part in the effort that three person committee will review the facts and circumstances surrounding the hiring of jobs and who it was revealed days ago does not have a computer science degree. Despite what was stated on his official company biography. Stocks to watch today include Human Genome Sciences GlaxoSmithKline. Going hostile. Ticking -- two dollars share bid for the company shareholders. After management rejected that two point six billion dollar offer. And Green Mountain Coffee Roasters we stripped its founder of his role as chairman and demoted another director for selling company shares at a time when trading by insiders was prohibited. That's your morning call this Wednesday I've Rhonda schaffler business writer's night.

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U.S. Morning Call: U.S. futures point to lower open

Wednesday, May 09, 2012 - 02:57