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Monday, August 27, 2012

Business Today: Wall Street set to open higher, Apple rallies on court ruling

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08/27/2012
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
Wall Street set to open higher, Apple rallies on court ruling
NEW YORK (Reuters) - Stock index futures pointed to gains at the open on Monday as investors awaited signs of central bank stimulus and as Apple surged following a court victory.
German gloom pressures shares, central banks eyed
LONDON (Reuters) - A gloomy assessment of the business climate in Germany kept European shares under pressure on Monday, but moves were capped ahead of a meeting of central bankers at the end of the week which could point toward fresh stimulus measures.
Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal
SEOUL (Reuters) - While Samsung Electronics is reeling from a patent pounding by its smartphone rival Apple Inc, this is unlikely to damage the other part of their relationship - where Samsung is the sole supplier of Apple-designed chips that power the iPhone and iPad.
Tiffany & Co lowers sales, profit views
(Reuters) - Tiffany & Co cut its fiscal-year sales and profit forecasts on Monday for the second straight quarter, citing the tough global economy, weakness in key markets such as New York and Asia, and lower expectations for the holiday season.
Fed's Evans: buy bonds until jobless rate falls
HONG KONG (Reuters) - The Federal Reserve should launch a fresh round of monetary stimulus immediately, buying bonds for as long as it takes to produce a steady decline in the jobless rate, a top Fed official said on Monday.
Exclusive: Blackstone grooms six executives for Schwarzman's job
NEW YORK/LONDON (Reuters) - When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.
GM to recall 2012 Chevrolet Sonic for windshield washers
(Reuters) - General Motors is recalling 44,668 2012 Chevrolet Sonic subcompacts to check for and correct faulty windshield washers, the National Highway Traffic Safety Administration said Friday in an official government filing.
Small business borrowing woes hurt jobs: NYSE CEO
NEW YORK (Reuters) - A majority of U.S. small businesses are having a tough time accessing funding, holding back job growth and stunting economic growth, Duncan Niederauer, chief executive of NYSE Euronext, said in an interview.
China approves Ford, Mazda, Changan to split JV in two: Ford CEO
CHONGQING, China (Reuters) - Ford Motor and Mazda Motor Corp and their local Chinese partner Chongqing Changan Automotive Co have received approval from China's central government to split their three-way, manufacturing and sales joint venture into two, Ford's chief executive said on Monday.
Europe drawn back to its first problem: Greece
BRUSSELS/ATHENS (Reuters) - The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet more help or cut it loose.
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