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Friday, September 12, 2014

Business Today: Wall St set for slight losses at open after data

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09/12/2014
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Wall St set for slight losses at open after data
NEW YORK (Reuters) - U.S. stock index futures indicated Wall Street may open slightly lower on Friday, as the latest economic data gave little insight into the health of consumer spending.
U.S. retail sales increase broadly in August
WASHINGTON (Reuters) - - U.S. retail sales rose in August as Americans bought automobiles and a range of other goods, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter.
U.S. import prices post largest decline in nine months
WASHINGTON (Reuters) - U.S. import prices recorded their biggest drop in nine months in August as a sharp decline in the cost of petroleum products eclipsed rising food prices, keeping imported inflation pressures subdued.
China's iPhone delay gives smugglers reason to cheer
HONG KONG (Reuters) - The likely delayed launch of Apple Inc's new iPhone 6 in China, the world's biggest smartphone market, sparked a race to pre-order the phone in Hong Kong on Friday.
Amid Alibaba fever, reasons for caution in IPO market
NEW YORK (Reuters) - The highly anticipated debut of Alibaba Group Holding Ltd , the Chinese e-commerce group, will come amid the busiest year for initial public offerings since the technology bubble burst in 2000.
Mexican companies sue Yahoo, law firm, allege conspiracy to avoid $2.7 billion judgment
NEW YORK (Reuters) - Two Mexican companies have sued Yahoo Inc and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012.
Darden posts loss as Olive Garden same-restaurant sales fall again
(Reuters) - Darden Restaurants Inc reported a quarterly loss after same-restaurant sales fell again at its Olive Garden chain, which contributes about two-thirds to profit.
Europe's big banks in tentative return to growth mode
LONDON (Reuters) - Europe's big banks returned to growth mode in the first half of this year, expanding their books by 530 million euros ($685 million), in a sign they are starting to get back on their feet after the financial crisis.
Exclusive: Wall Street watchdog to pick insider as arbitration head - source
(Reuters) - The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.
Exclusive: State attorneys general probing AT&T deal for DirecTV
WASHINGTON (Reuters) - State attorneys general working to determine whether Comcast Corp's deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc's plans to buy DirecTV , according to sources close to the merger probe.
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