Wall St futures rise after $1 trillion EU/IMF deal
U.S. stock index futures pointed to a strong start for Wall Street on Monday, with shares set to rebound as confidence was boosted after global policymakers came up with an emergency rescue package worth around $1 trillion aimed at preventing Greece's debt crisis from spreading through the euro zone.
* The rescue, hammered out by European Union finance ministers, central bankers and the International Monetary Fund in marathon weekend talks, was the largest in more than two years since G20 leaders threw money at the global economy following the collapse of Lehman Brothers.
* The U.S. Federal Reserve reopened currency swap lines with several central banks to try to assure markets of dollar liquidity and the European Central Bank said it would buy government debt to steady investor nerves.
* In Europe, the pan-European FTSEurofirst 300 <.FTEU3> index of top shares was up 5.5 percent, rebounding from their biggest weekly drop in nearly 18 months.
* U.S. stocks turned negative for the year on Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered the previous session's dramatic plunge.
* The weekly declines for the Dow and the S&P 500 were the steepest since March 2009 when the market hit a 12-year low. The Nasdaq had its largest weekly drop since November 2008.
* The heads of leading U.S. stock market operators have been called to Washington for an emergency meeting on Monday, to address whether levers need to be added in trading systems to halt sudden plunges in individual stocks, a source familiar with an investigation into the events said.
* Among quarterly corporate earnings set for release on Monday are Dean Foods, Priceline.com , Fluor Corp, Tyson Foods, and Legg Mason.
* Boeing Co is on track to deliver its first 787 Dreamliner, which will compete with Airbus's A380 jet, the company's head of commercial airplanes said late on Saturday.
* American International Group canceled a plan to hire Goldman Sachs Group Inc for restructuring advice, and is turning to Citigroup Inc and Bank of America Corp instead, a source familiar with the matter said on Friday.
* Britain's Prudential has made progress in make-or-break talks with UK regulators over its acquisition of AIG's Asian arm, and is close to announcing a deal, sources familiar with the matter said.
* Simon Property Group walked away from its $6.5 billion bid for General Growth Properties Inc and said it will not return to the table after its bitter mall rival chose a competing offer as the starting bid in a bankruptcy auction.
* Johnson & Johnson Chief Executive Bill Weldon told consumers in an open letter published on Friday on the drugmaker's blog that the recent recalls of some of its medicines were a disappointment to me and to the company and its employees.
* President Barack Obama on Saturday touted the benefits of his U.S. healthcare overhaul, renewing a bid to counter Republican criticism and ease public doubts more than a month after he signed reform into law.
* Lawmakers in the United States plan, as early as Monday, to introduce an amendment to the financial reform legislation being debated by the Senate that aims to ban investment banks from betting against their customers, the Wall Street Journal said.
(Reporting by Harpreet Bhal)
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