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Tuesday, September 17, 2013

Business Today: Futures flat before Fed meeting on future of stimulus

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09/17/2013
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
Futures flat before Fed meeting on future of stimulus
NEW YORK (Reuters) - U.S. stock index futures were little changed before the start of the Federal Reserve's two-day meeting on Tuesday that could lay out plans to begin reducing its stimulus measures.
U.S. consumer prices muted, but rentals rise
WASHINGTON (Reuters) - U.S. consumer prices barely rose in August as the cost of energy fell, but an increase in rents and medical care costs pointed to a stabilization in underlying inflation that could allow the Federal Reserve to start trimming its bond purchases.
Coty results beat estimates in first quarter after going public
(Reuters) - Beauty products maker Coty Inc reported a better-than-expected adjusted profit in its first quarterly results as a public company, mainly due to strong sales of branded perfumes such as Marc Jacobs and Chloe in Asia.
Citigroup must pay couple $3.1 million for not overseeing broker: panel
(Reuters) - A Citigroup Inc unit must pay $3.1 million to a Florida-based couple who alleged the firm did not properly supervise a broker who steered them to invest in a politician's real estate developments that later went broke, a securities arbitration panel has ruled.
The Landesbanken: Inside Germany's trillion euro banking blind spot
HAMBURG (Reuters) - Many Germans feel that whoever wins Sunday's election, they should not fund any more bailouts of fellow European countries, whose errant banks are a particular bugbear for Berlin.
Peugeot loses ground as Europe car slump continues
PARIS (Reuters) - European car sales fell 4.9 percent last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to premium and Asian rivals.
Lloyds share sale raises prospect of UK's complete exit by 2015
LONDON (Reuters) - Britain could have sold the 6 percent stake in banking group Lloyds it placed with investment institutions nearly three times over, sources said, raising the prospect it could sell all its shares before the 2015 General Election.
Penthouse publisher FriendFinder Networks files for bankruptcy
(Reuters) - FriendFinder Networks , which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday with the aim of cutting its debt load as the company struggled to make certain loan payments, a court filing showed.
Italian political instability undermines investment - EU's Rehn
ROME (Reuters) - Continuous threats to bring down Italian Prime Minister Enrico Letta's fragile coalition government are holding back investments, European Commissioner for Economic and Monetary Affairs Olli Rehn said on Tuesday.
GM's Chevy Silverado tops Consumer Reports' truck list
DETROIT (Reuters) - General Motors Co's Chevrolet Silverado was the top-scoring full-size pickup truck in a road test, edging Chrysler's Ram 1500, which was the preferred vehicle to drive on a daily basis, according to Consumer Reports.
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