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Tuesday, December 3, 2013

Business Today: Stock futures decline on Fed taper timing concerns

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12/3/2013
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 decline on Fed taper timing concerns
NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday, indicating the S&P 500 may fall for a third consecutive day on concerns a reduction in stimulus by the Federal Reserve may be on the horizon earlier than some had anticipated.
Japan preparing $53 billion economic stimulus package this week: sources
TOKYO (Reuters) - Japan will craft an economic stimulus package this week worth about $53 billion to bolster the economy ahead of an increase in the national sales tax in April, people familiar with the process said on Tuesday.
China's leaders see challenges in 2014, vow to push economic reforms
BEIJING (Reuters) - China's top leaders pledged to quicken reforms in 2014 while keeping policy stability and consistency at a meeting of the decision-making Politburo on Tuesday, the official Xinhua news agency reported.
Munk's well-connected successor looks to fix Barrick
(Reuters) - Soon after he joined Barrick Gold Corp's board last year, John Thornton, the designated successor to founder and chairman Peter Munk, took a company team to visit Ford Motor Co and learn about the automaker's turnaround story.
Chrysler's November sales rise 16 percent, top expectations
(Reuters) - Chrysler Group LLC said its U.S. vehicle sales in November jumped 16 percent from a year before, beating analysts' expectations.
Hyundai Motor feels heat from Japanese rivals in China
SEOUL (Reuters) - Hyundai Motor Co could be one of the biggest losers from surging sales of Japanese cars in China as the South Korean automaker's problems spread from the United States to the world's largest auto market.
JPMorgan received $11 million fees for advising Co-op on Britannia
LONDON (Reuters) - JP Morgan received 7 million pounds ($11 million) in fees for advising the Co-operative Bank on its takeover of the Britannia Building Society, one of its top executives told lawmakers on Tuesday.
Adidas says soccer, running will help it hit 2015 targets
FRANKFURT (Reuters) - German sporting goods maker Adidas said it expects sales of soccer and running gear to help it achieve its 2015 sales and profit targets, even though it has not yet made as much progress towards them as it originally hoped.
Global economies increasingly at risk: Pimco's Gross
NEW YORK (Reuters) - Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said Tuesday that easy-money policies worldwide have put global economies increasingly at risk.
Container firms order new ships to gain economies of scale
COPENHAGEN (Reuters) - Global container shipping companies have a strong appetite for new vessels, despite existing overcapacity, because they want to trade up to larger ships to benefit from economies of scale, according to shipping analysts.
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