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Friday, November 15, 2013

Business Today: Stock futures climb, setting up Dow, S&P for fresh records

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11/15/2013
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 climb, setting up Dow, S&P for fresh records
NEW YORK (Reuters) - U.S. stock index futures rose on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen, setting up the Dow and S&P 500 indexes for fresh record highs.
Banks to repay 3.6 billion euros of crisis loans: ECB
FRANKFURT (Reuters) - Banks will next week return 3.59 billion euros ($4.8 billion) of crisis loans early to the European Central Bank, the ECB said on Friday, a lower than expected total as a recent rate cut makes it more attractive to hold on to the funds for now.
U.S. export prices fall in sign global economy doing poorly
WASHINGTON (Reuters) - Prices for U.S. exports unexpectedly fell in October, a worrisome sign of global economic weakness, while the cost of imports into America declined due to a sharp drop in the price of oil.
Shares head towards five year highs as Yellen backs easy Fed policy
LONDON (Reuters) - World shares climbed back towards five-year highs on Friday as markets cheered a robust defense of the Federal Reserve's money printing by Janet Yellen, who is expected to take charge of the U.S. central bank next year.
Bill Gates wants Norway's $800 billion fund to spend more in Africa, Asia
OSLO (Reuters) - Philanthropist and Microsoft co-founder Bill Gates called on Norway's $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries, gaining the prime minister's support with his proposal.
Former JPMorgan 'Whale' supervisor opposes U.S. extradition
MADRID (Reuters) - A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain.
Euro zone must have backstops before bank health checks: ECB
BRUSSELS (Reuters) - Euro zone governments must put in place ways to financially support their banks in case they need more capital as a result of health checks by the European Central Bank next year, ECB Executive Board member Joerg Asmussen said on Friday.
Jos. A. Bank terminates offer to buy Men's Wearhouse
(Reuters) - Jos. A. Bank Clothiers Inc terminated its offer to buy Men's Wearhouse Inc , sending Men's Wearhouse shares down as much as 11 percent before the bell, although Jos. A. Bank did not rule out another bid for its larger rival in future.
Japan exports seen rising at fastest in three years as demand recovers
TOKYO (Reuters) - Japan's exports rose in October at their fastest pace in three years in a sign that overseas demand is picking up pace again, a Reuters survey showed, which could help ease concerns about the global economic recovery.
VW group sales up 3.8 percent in October on North America, China
BERLIN (Reuters) - Germany's Volkswagen said group vehicle sales increased 3.8 percent in October on demand from North America and China.
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