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Wednesday, August 22, 2012

Business Today: Stock futures ease after Japan data, Greece meetings eyed

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08/22/2012
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Stock futures ease after Japan data, Greece meetings eyed
NEW YORK (Reuters) - Stock index futures eased on Wednesday as weak export data from Japan underscored the headwinds facing the global economy, while Greece was beginning a series of meetings with European officials aimed at securing more time to push through reforms.
Apple, Foxconn improve China plants, but more to do: audit
TAIPEI/SAN FRANCISCO (Reuters) - Apple Inc and Foxconn have improved working conditions at Chinese factories that make most of the world's iPads and iPhones, according to auditors the firms enlisted to monitor the process, but tough tasks lie ahead.
Global shares slide on Japan data as Greek meetings loom
LONDON (Reuters) - Global shares slipped from 3-1/2 month highs on Wednesday as investors weighed up whether signs of progress in the euro zone debt crisis warranted the recent surge and as Japan provided a reminder of the problems facing top economies.
Apple, Samsung make final pitch to jury
SAN JOSE, California (Reuters) - Apple Inc's worldwide legal crusade against the Android mobile operating system drew toward a climax on Tuesday as the iPhone maker's attorneys accused Samsung of taking a shortcut by copying Apple's designs after realizing it could not keep up.
China to spend $372 billion on cutting energy use, pollution
BEIJING, Aug 22 (Reuters Point Carbon) - China will plough $372 billion into energy conservation projects and anti-pollution measures over the next three-and-a-half years, part of a drive to cut energy consumption by 300 million tonnes of standard coal, the country's cabinet said Tuesday.
BHP Billiton delays $20 billion Olympic Dam project as profit slides
MELBOURNE (Reuters) - Top global miner BHP Billiton delayed its planned $20 billion Olympic Dam copper expansion on Wednesday and said no major projects would be approved in the year to June 2013, as it battles escalating capital costs.
PayPal eyes 7 million retail locations in Discover deal
SAN FRANCISCO (Reuters) - Online payments provider PayPal will gain access to millions of physical stores in the United States under an agreement with Discover Financial Services .
Analysis: After jet slump, Cessna looks for margin lift
WICHITA, Kansas (Reuters) - At Cessna's main corporate jet plant in Wichita, Kansas, workers used to build four wings at a time until an analysis commissioned by new CEO Scott Ernest found it could shave $1 million in inventory and boost productivity by focusing on just two wings at a time.
RBS, Commerzbank drawn into U.S. Iran money probe
LONDON/FRANKFURT (Reuters) - U.S. authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine.
Nissan recalls 2013 Infiniti JX35 crossover for faulty fuel gauge
(Reuters) - Nissan Motor Co said it was recalling 7,842 2013 Infiniti JX35 crossover vehicles to check for defective fuel gauges.
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