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Monday, September 23, 2013

Business Today: Stock futures off ahead of Fed speakers, data supports

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09/23/2013
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
Stock futures off ahead of Fed speakers, data supports
NEW YORK (Reuters) - Stock index futures dipped in light volume on Monday as traders balanced upbeat data from Germany and China with angst ahead of Federal Reserve speakers after last week's hawkish comments from a top Fed official.
Analysis: Fed's underlying message a bad signal for U.S. profit growth
NEW YORK (Reuters) - The euphoria with which investors in the U.S. stock market greeted the Federal Reserve's decision to stick with its easy-money policy has begun to evaporate, as the message the Fed was sending about a less-than-stellar economy sinks in.
BlackBerry move away from consumers unlikely to stem decline
TORONTO (Reuters) - BlackBerry Ltd's plan to retreat from the consumer market in favor of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn will only accelerate its downward spiral.
Bumper orders in China and Europe signal worldwide improvement
LONDON (Reuters) - A flood of new orders gave a boost to European and Chinese firms in September, according to a clutch of surveys which added to evidence that the global economy is healing.
Apple says sells nine million 5s, 5c iPhones in first three days
(Reuters) - Apple Inc said it sold 9 million iPhone 5s and iPhone 5c models in the first three days since their launch.
Monte Paschi freezes coupon payments on hybrid debt
MILAN (Reuters) - Monte dei Paschi di Siena (MPS) has cancelled coupon payments on three hybrid loans coming due at the end of the month to meet European conditions for approving a 4.1 billion euro ($5.5 billion) state bailout.
Danone unit probes new China bribery allegations
SHANGHAI (Reuters) - A unit of French food group Danone SA said on Monday it opened an investigation after Chinese state TV reported that it bribed medical staff to boost sales of its infant formula at hospitals in a number of regions across northern China.
Lamborghini bullish on U.S. and India as crackdown hits China sales
NEW DELHI (Reuters) - Italian car maker Lamborghini will struggle to find another China as sales of its super sports cars in the world's biggest auto market have hit the skids due to a government campaign against conspicuous spending.
Italy minister says expects Air France to up role in Alitalia
MILAN (Reuters) - Air France-KLM will strengthen its role in Italian airline Alitalia SpA , Italian transport minister Maurizio Lupi said on Monday.
Analysis: Despite talk of farm bubble, Farmer Mac woos investors
NEW YORK (Reuters) - Farmer Mac - the farm loan equivalent of its cousins Freddie Mac and Fannie Mae - owes its existence to the last time a U.S. farm bubble burst. Now, the company is trying to convince investors it would survive another one.
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