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Monday, December 3, 2012

Business Today: China data lifts futures, fiscal cliff woes linger

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12/3/2012
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
China data lifts futures, fiscal cliff woes linger
NEW YORK (Reuters) - Stock index futures rose on Monday on upbeat factory data from China, but concerns over budget dealings in Washington are expected to keep traders cautious.
Delta among suitors for Virgin Atlantic stake: sources
LONDON/SINGAPORE (Reuters) - Singapore Airlines is in talks to sell its 49 percent stake in British carrier Virgin Atlantic, with sources saying Delta Air Lines is among the suitors keen to access Virgin's lucrative slots at London's Heathrow airport.
Rating agencies win dismissal of Ohio funds lawsuit
(Reuters) - The three major credit rating agencies won a fresh court victory as a federal appeals court rejected claims by five Ohio pension funds alleging that they lost hundreds of millions of dollars on risky mortgage debt because they relied on flawed ratings.
News Corp names Robert Thomson CEO of publishing company
(Reuters) - News Corp named Robert Thomson as the chief executive of its new publishing company.
Chrysler, Hyundai U.S. auto sales rise in November
(Reuters) - Chrysler Group LLC and Hyundai Motor Co on Monday both reported strong U.S. new-vehicle sales in November as the industry rebounded from a storm-ravaged October while also benefiting from pent-up demand.
Greek bond buyback offer tops expectations
ATHENS (Reuters) - Greece said it would spend 10 billion euros to buy back bonds in a bid to reduce its ballooning debt and unfreeze long-delayed aid, setting a price range above market expectations to ensure sufficient investor interest.
China factories see growth, Europe slump eases
LONDON/BEIJING (Reuters) - Chinese manufacturing returned to growth in November for the first time in over a year and the deep downturn in euro zone factories eased slightly, according to business surveys on Monday.
One in three U.S. consumers would consider a Wal-Mart mortgage: study
CHARLOTTE, North Carolina (Reuters) - One in three U.S. consumers would consider a mortgage from retailer Wal-Mart and almost half would consider one from online payment provider PayPal, according to a financial services study to be released on Monday.
Ford launches TV, print ad blitz to revive Lincoln sales
DETROIT (Reuters) - Ford Motor Co will try to generate interest in its upscale Lincoln vehicles with an ad campaign that draws on the brand's heritage and includes its first-ever Super Bowl spot.
Credit Suisse boss under pressure despite outsmarting rival
ZURICH (Reuters) - Credit Suisse boss Brady Dougan has outmaneuvered an internal rival with his recent revamp of the Swiss bank and management shake-up but is still on borrowed time, senior banking sources say.
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