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Friday, October 10, 2014

Business Today: Futures point to lower Wall Street open on growth worries

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Futures point to lower Wall Street open on growth worries
NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Friday, putting major indexes on track for a sharply lower week as Thursday's decline on global growth concerns looked to be extended.
Global shares hit six-month low as growth worries mount
LONDON (Reuters) - Global shares fell to a six-month trough and Brent crude futures tumbled to their lowest since 2010 on Friday as investors worried about the prospect of a widespread economic slowdown just as U.S. monetary stimulus nears its end.
Big U.S. firms boost equity weightings in 401(k) target-date funds
(Reuters) - In changes that have raised the potential investment risks in many 401(k) retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans.
Fund managers line up for high-yielding energy company subsidiaries
NEW YORK (Reuters) - The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry.
Exclusive: U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms
TORONTO/ST. LOUIS (Reuters) - U.S. investors in Canada's medical marijuana industry are betting they won't fall under the scrutiny of U.S. law enforcement officers - but it's a risky bet.
Fed officials keep eyes on mid-2015 rate rise
LAS VEGAS (Reuters) - The Federal Reserve will probably start raising interest rates around the middle of next year, two top officials at the U.S. central bank said on Thursday, although both said the exact timing will depend on the economy.
European banks' health check results due on October 26
FRANKFURT/LONDON (Reuters) - The results of Europe's most comprehensive review of banks' health will be released on Oct. 26, the European Central Bank and the European Banking Authority said on Friday, which will give the clearest picture yet of the state of the sector.
Sunny September sales unlikely to brighten retailers' holiday prospects
(Reuters) - A resurgence in spending helped by an improving U.S. economy bolstered back to school season sales for retailers in September, but stagnant wages may force more discounting in the coming months, keeping pressure on margins.
Darden faces shareholder ire in proxy vote
(Reuters) - The showdown between Darden Restaurants Inc and activist investor Starboard Value LC will come to a boil at the company's annual meeting on Friday, where the Olive Garden parent is expected to at minimum lose control of its board.
Metro exits Danish wholesale market
FRANKFURT (Reuters) - German retailer Metro said the Danish cash and carry market is saturated and it is too small to compete, so it is selling two stores and closing three others.
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