Business Today: Wall Street to rise on China factory strength; U.S. data due

		Click to View in Browser 07/1/2014 Wall Street to rise on China factory strength; U.S. data due NEW YORK (Reuters) - U.S. stocks were set to kick off the third quarter with early gains on Tuesday, after a report showed China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow. U.S. imposes record fine on BNP in sanctions warning to banks NEW YORK/WASHINGTON/PARIS (Reuters) - French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated U.S. sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message to other financial institutions around the world. Chrysler's U.S. sales up 9 percent, besting forecasts DETROIT (Reuters) - Chrysler Group on Tuesday reported a 9 percent gain in U.S. auto sales for June, beating forecasts for a month expected to show an industrywide decrease from a year earlier. Alstom to seek shareholder approval for GE deal in fourth quarter PARIS (Reuters) - Alstom will seek shareholder approval for its tie-up with General Electric in the fourth quarter, Chief Executive Patrick Kron told the French engineering group's annual shareholder meeting on Tuesday. Ousted American Apparel CEO Charney reports 43 percent stake (Reuters) - Dov Charney, ousted as American Apparel Inc's chairman and chief executive two weeks ago, said he has increased his stake in the apparel retailer to 43 percent, as he fights to regain control of the company he founded. Asian stimulus boosts factories, euro zone still lags LONDON/TOKYO (Reuters) - Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed. ECB's Draghi faces questions over guidance on rates FRANKFURT (Reuters) - European Central Bank President Mario Draghi faces a grilling after Thursday's policy meeting over forward guidance on interest rates after he hinted at a stronger message last week without being specific. Euro zone manufacturing growth eases in June, France slowdown weighs: PMI LONDON (Reuters) - Euro zone manufacturing growth eased slightly more than previously thought last month and factories fulfilled existing orders to keep busy, a business survey showed on Tuesday. Morgan Stanley eyes compensation cuts for financial advisers: sources NEW YORK (Reuters) - Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank. After BNP, U.S. targets range of firms in crackdown on illicit money flows WASHINGTON (Reuters) - BNP Paribas' guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the financial food chain. Related Video Breakingviews: BNP's former CEO must go This democratic mayor is tough on crime and takes on unions Economic News Asian stimulus boosts factories, euro zone still lags EU banks watchdog backs keeping low capital charges on covered bonds A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend