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Monday, September 16, 2013

Business Today: Futures jump as Summers withdraws from Fed race

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09/16/2013
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 jump as Summers withdraws from Fed race
NEW YORK (Reuters) - U.S. stock index futures soared on Monday as investor bet that the exit of Lawrence Summers as a candidate for chairman of the Federal Reserve could mean a slower scaling back of monetary stimulus by the U.S. central bank.
Bombardier's all-new CSeries prepares for maiden flight
MIRABEL, Quebec (Reuters) - Bombardier Inc carried out final preparations for the maiden flight of its CSeries on Monday, hoping to translate its ambitions to shatter an Airbus and Boeing duopoly into faster sales of Canada's most ambitious jet.
Packaging Corp offers to buy Boise for $1.28 billion
(Reuters) - Packaging Corp of America said it would acquire smaller rival Boise Inc for about $1.28 billion to boost its container board capacity.
Former Obama aide Summers withdraws from Fed chair consideration
WASHINGTON (Reuters) - Former Treasury Secretary Lawrence Summers withdrew on Sunday from consideration to succeed Federal Reserve Chairman Ben Bernanke after fierce opposition from within the Democratic Party hurt his chances of being confirmed in Congress.
Danone milk powder brand named in China TV expose
SHANGHAI (Reuters) - The official China Central Television (CCTV) said on Monday that French food group Danone SA had bribed doctors and nurses to recommend its Dumex milk powder brand at a hospital in a northern Chinese city.
Roche picks Lufthansa boss Franz as new chairman
ZURICH (Reuters) - Roche has picked Deutsche Lufthansa Chief Executive Christoph Franz to succeed Franz Humer as chairman of its board, filling the top post at a time of change for the world's biggest maker of cancer drugs.
Chrysler IPO to bring shareholder battle to a head
MILAN (Reuters) - U.S. carmaker Chrysler plans to file documents this week that would allow its minority investor to sell shares in a stock market listing, bringing to a head a battle with majority owner Fiat which wants to take full control of the business.
Analysis: China eyes private funds to tackle bad-debt buildup, avoid bailout
SHANGHAI/BEIJING (Reuters) - Faced with a chorus of warnings that China risks choking on bad debts, Beijing is pushing banks to raise private capital in an effort to head off the need for a second government bailout in as many decades.
Ford to install electric vehicle charging stations for employees
DETROIT (Reuters) - Ford Motor Co said on Monday it will install charging stations at more than 50 of its U.S. and Canadian offices and plants so that employees can refill their electric vehicle batteries at work.
Former Obama aide Summers withdraws from Fed chair consideration
WASHINGTON (Reuters) - Former Treasury Secretary Lawrence Summers withdrew on Sunday from consideration to succeed Federal Reserve Chairman Ben Bernanke after fierce opposition from within the Democratic Party hurt his chances of being confirmed in Congress.
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