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U.S. Morning Call: World shares steady after huge selloff

Friday, June 14, 2013 - 03:32

Jun 14 - Shares in Europe and Asia partly recouped recent losses, while U.S. stock futures edge slightly lower.

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Comma after the storm. Global markets getting after he fell off at a rally in the US that from the top of your Friday morning call. Futures for the that second half and be little changed flipping -- slightly this morning the FP 500 yesterday -- its second biggest -- so far this year. Japan's Nikkei rebounding somewhat closing up 2% but still marking its fourth straight week of losses -- ten year yield coming down off its highs hovering around two point 10% right now. People trying to refinance their homes like to see that. As mortgage rates and the track yields on the ten year. Looking ahead -- today's US economic data producer prices industrial production of Reuters University of Michigan consumer sentiment survey all out today. Intel's expect lots of video streaming service by the end of this year but it previously problem. Haven't signed on content providers just yet Wall Street Journal reports that major media companies are hesitant about striking -- -- the Intel. Possibly because there are threatened by it. Intel's not just looking to provide on demand content like Amazon and Netflix but it may even go all the way of aerial offering live TV fees as well. That means consumers could have an incentive to cancel their cable subscriptions altogether. Tops of content supplies have now been ongoing for at least eighteen months for more on the -- wars check out our video on the insider platform. And now for a Reuters exclusive Strategic Hotels & Resorts has hired investment bank. Possibly sell its real estate investment trust strategic portfolio includes extra luxury hotels like the Ritz Carlton in four seasons. It's valued in the total of 3.5. Billion dollars. One analyst saying that this is not highest quality portfolio among all the publicly traded. Obviously real estate investment trust. But the company has had a rocky time recently it all started when founder and chief executive Laurence Geller abruptly left in November. Investment firm or its capital stepped in with a three point 7% stake in the company called for strategic -- financial advisor and explore all options including itself. And it seems like now it -- at a time -- -- -- annals of the US hotels accuracy was slow but steady recovery since the recession. With revenue -- -- about 6% more over the past four years -- of that and posting the highest quality portfolio among all of publicly -- hotel. -- -- Okay it's too early in the morning to wrap your head around this one but still aren't or which has a 15% stake in Office Depot. Is suing it for not holding an annual meeting to elect directors. It says the company has not held a shareholder mean for thirteen months. And that's the usual considering they're close to merging with office Max. Starboard seeking to nominate six members of the board saying the current ones don't have enough retail experience. And keep an -- on pandora today. BMI is suing her for attempting to get lower rates on licensing fees by purchasing a small South Dakota radio station. And -- open qualifier for the lower rates now that he owns a traditional radio station. And that's it clear Friday morning call remember defaults on Twitter at Reuters Insider. -- -- -- Reuters dot com slash Reuters he. I read this.

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U.S. Morning Call: World shares steady after huge selloff

Friday, June 14, 2013 - 03:32