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Tuesday, August 28, 2012

Business Today: Stock futures flat as investors look to Fed

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08/28/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures flat as investors look to Fed
NEW YORK (Reuters) - Stock index futures were flat on Tuesday as investors continued to take a wait-and-see approach ahead of a key speech by Federal Reserve Chairman Ben Bernanke later this week.
Central bank, growth concerns halt share gains
LONDON (Reuters) - A month-long rally in world shares and riskier currencies such as the Australian dollar stalled on Tuesday as uncertainty over global growth and the next moves by the world's major central banks put investors in a cautious mood.
Lexmark to dump inkjet printers, cut 1700 jobs
(Reuters) - Printer maker Lexmark International Inc said it will stop making inkjet printers, cutting about 1,700 jobs, and focus on its more profitable imaging and software businesses.
Barnes & Noble taps retailer Lewis for British Nook push
(Reuters) - Barnes & Noble Inc said on Tuesday that John Lewis , Britain's biggest department store group, will be its first partner in the push to sell its Nook electronic readers in Britain.
Airbus wins $7 billion Philippine Air order despite U.S. lobbying
MANILA/PARIS (Reuters) - Airbus won a $7 billion order to help more than triple Philippine Airlines Inc's fleet , beating Boeing Co to a deal despite U.S. support for Manila in a diplomatic dispute with China.
Ford readies Lincoln launch in China by 2014
BEIJING (Reuters) - Ford Motor Co will launch its Lincoln brand in China within two years as it races to catch up with rivals in the world's largest auto market and home to a growing number of luxury buyers.
Analysis: Big cuts still ahead on Britain's road to clear deficit
LONDON (Reuters) - Two years into an unpopular austerity program, recession and bleak public borrowing figures have heaped pressure on Britain's government to change course.
BASF says Chinese customers cutting inventories
HONG KONG (Reuters) - The world's largest chemicals maker BASF said its business in China is stagnating because industrial customers continue to run down their inventories amid economic uncertainty.
Fed's Fisher commissions paper to bolster easy money opposition
(Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Monday sought to add heft to his opposition to further monetary stimulus with the release of a paper by a well-known economist critical of ultra-easy policy.
Greece plans "special economic zones" to boost growth
ATHENS (Reuters) - Greece plans to set up "special economic zones" to attract private investment and help lift its debt-laden economy out of depression, the government said on Tuesday.
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