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Monday, November 25, 2013

Business Today: Stock futures point to continued rally, but oil dips

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11/25/2013
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 point to continued rally, but oil dips
NEW YORK (Reuters) - U.S. stock index futures rose on Monday, suggesting major averages would extend a rally that has taken them to repeated all-time highs, though energy shares will be in focus amid a sharp decline in crude oil prices.
Chrysler won't go ahead with IPO in 2013: Fiat
MILAN (Reuters) - Italian automaker Fiat said on Monday its U.S. unit Chrysler would not launch an initial public offering before the end of the year and it was not possible to say if and when such an offer would be made as this depends on market conditions.
Wal-Mart names McMillon to replace Duke as CEO
(Reuters) - Wal-Mart Stores Inc named Doug McMillon as chief executive to replace Mike Duke.
Three top BlackBerry executives to leave in management shake-up
TORONTO (Reuters) - BlackBerry Ltd on Monday announced a management shake-up that includes the departure of three top executives, in a widely expected follow to this month's naming of a new chief executive.
Qualcomm says China's price regulator probing company
(Reuters) - Qualcomm Inc said China's price regulator has started an investigation of the mobile chipmaker under the Chinese Anti-Monopoly Law.
ECB's Noyer: Rates must remain low, could go lower if needed
TOKYO (Reuters) - European Central Bank Governing Council member Christian Noyer said on Monday that interest rates have to remain low for an extended period and might go even lower if needed as officials try to ensure the euro zone does not fall into deflation.
Sinopec reshuffles refineries, diverts tankers after blast
BEIJING (Reuters) - Asia's top oil refiner Sinopec has cut production for at least two of its refineries in China's eastern Shandong province after the pipeline blast which killed 55 people on Friday, industry sources said.
WTO talks fail to agree on global trade deal text
GENEVA (Reuters) - Marathon talks on the World Trade Organization's first-ever worldwide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month.
Suharto denies Rolls-Royce bribery allegations
LONDON (Reuters) - Tommy Suharto, the youngest son of Indonesia's late president, on Monday denied allegations that he received bribes from British aerospace group Rolls-Royce in return for recommending their engines to Indonesian airline Garuda .
Peugeot to name Tavares as CEO-in-waiting - sources
PARIS (Reuters) - PSA Peugeot Citroen is poised to name former Renault No.2 Carlos Tavares as its next chief executive, sources with knowledge of the matter said, in a move that may help to secure new funding from Chinese partner Dongfeng .
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