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Tuesday, November 19, 2013

Business Today: Futures tick lower as traders scramble for catalysts

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11/19/2013
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Futures tick lower as traders scramble for catalysts
NEW YORK (Reuters) - U.S. stock index futures edged lower on Tuesday after the Dow and S&P 500 hit record highs the previous session, with a few earnings reports expected to dominate trading amid a lack of broad market catalysts.
Home Depot raises outlook again after strong quarter
(Reuters) - A recovery in the U.S. housing market helped Home Depot Inc top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook for the third time this year on Tuesday.
Best Buy warns promotions could hurt holiday quarter margins
(Reuters) - Best Buy Co Inc warned of an increasingly promotional environment heading into the holidays and promised to be competitive on price in the biggest selling season of the year, raising concerns about margins in the fourth quarter.
U.S. labor costs point to still-benign inflation
WASHINGTON (Reuters) - U.S. labor costs rose marginally in the third quarter, pointing to tame wage inflation that should allow the Federal Reserve to maintain its bond-buying program to stimulate the economy.
China central bank vows faster FX reform; IPO hopes tempered
BEIJING (Reuters) - China's officials indicated on Tuesday how they plan to steer reforms on interest rates, the currency and stock markets, following a top-level party meeting that promised sweeping changes over the next decade.
Investor caution ends share rally, dollar steadies
LONDON (Reuters) - World shares fell on Tuesday as concern that the recent stock rally has been overdone grew after the OECD cut its global economic forecasts, while doubt over when the Federal Reserve may trim its stimulus supported the dollar.
Bombardier to sell 5 jets to Iraqi Airways for $387 million
DUBAI (Reuters) - Bombardier has signed a letter of intent to sell five CSeries jetliners to Iraqi Airways, the Canadian plane and train maker said on Tuesday.
Lithuania will meet deficit target for euro entry: finmin
LONDON (Reuters) - Lithuania's budget deficit will be higher than originally forecast this year, but it still expects to meet the criterion for joining the euro zone, the country's finance minister said on Tuesday.
IMF sees stable 6.5 percent growth for Sri Lanka this year, 2014
COLOMBO (Reuters) - The International Monetary Fund expects Sri Lanka's economy to grow at 6.5 percent this year and in 2014, less than the central bank's forecast, a senior Fund official said, and remains concerned about medium-term risks from high budget deficits.
Eurozone recovery fragile but no deflation risk: ECB's Praet
FRANKFURT (Reuters) - There is no risk of deflation visible in the euro zone economy but its recovery is fragile with inflation low and credit subdued, ECB Executive Board member Peter Praet said on Tuesday.
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