Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

U.S. Morning Call: Cyprus gets bailout; bank gets shut down

Monday, March 25, 2013 - 03:42

Mar 25 - Cyprus clinched a last-ditch deal with EU lenders to shut down its 2nd-largest bank, inflicting heavy losses on uninsured depositors.

▲ Hide Transcript

View Transcript

-- copper Monday let's get right to US stock futures are signaling a rise ahead of the open. Rallying along with world stocks at center of all of this market activity of course that tiny Mediterranean island of Cyprus. Which finally secure and L -- deal early this morning. The deal involves winding down the state unpopular bank also known as light heat. The country's other financial rock bank of Cyprus will survive for an Allen get some deposit off its dismembered rival. Why -- breaking -- says be aware bank of Cyprus is saddled with spiraling bad debt is the local economy tanks. And it faces danger of Iran when it reopens the chance of future rescue operations is also unlikely. Analysts had said failure to clinch a deal could have caused it financial might melt down. But some -- and taking them as I only accounts for point 2% of the Euro zone's economic output. Michael Dell looking for the control key as his plans to take to help Friday at our backfiring. PC maker acknowledged just minutes -- -- -- I kind of Blackstone Group have floated separate competing offers that are under consideration. The Wall Street Journal says that the deal is accepting it could leave Michael Dell without a job. It about 16% of the company with affiliated owners. One bright spot though the takeover war showed that some of Wall Street's titans seem brighter future for Dell. -- way to make money off the company. This comes shipments of personal computers around the world are seeing drastic decline while tablets and Smartphones grow in popularity. PCs represent about half of Dell's revenue and -- stocks to watch this morning. Apple adding its name to the surge and -- activity so far in 2013. The other name. Silicon Valley start up why I slammed the reason. The small tech firm develops GPS software that enables Smartphones to pinpoint its location. Along with that in your friends in real time. Half meters and accuracy. Apple's looking to redeem itself after that glitch -- launch of its last map application. A source saying that apple paid around twenty million bucks for the company shares are up about percent in the premarket. Bank of America as a new compensation policy -- -- CEO. There's exclusively reporting Brian hand will need to hold shares worth millions of dollars for at least a year after he retires. Investors increasingly calling for executive pay to be tied closely to a company's performance over the long term. The stock's performance performance over the past year not to shabby. Roughly 30%. Shares in premarket trading up over percent. Earning season us coming to a close with Dollar General reporting. The discount chain beat estimates and forecast same store sales to rise towards 6% this year. Dollar General is the largest among the dollar stores and has been one of the biggest beneficiaries of the sluggish economic recovery. It plans to open 635. New stores this year. And take a look at shares Apollo Group up 6% in premarket after reporting higher earnings. In numbers not that strong though the University of Phoenix in a 15%. Increase in new students from last quarter. That's it your Monday morning -- follow us on Twitter at Reuters Insider get more Reuters videos at Reuters dot com slash Reuters TV. I was super cart this is where it.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Cyprus gets bailout; bank gets shut down

Monday, March 25, 2013 - 03:42