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Tuesday, November 11, 2014

Business Today: Futures rise modestly after Dow, S&P 500 records

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Futures rise modestly after Dow, S&P 500 records
NEW YORK (Reuters) - U.S. stock index futures advanced modestly on Tuesday, after the Dow and S&P 500 extended their streak of record closes for a fourth day.
Alibaba Singles' Day sales break past $8 billion
HANGZHOU China (Reuters) - E-commerce giant Alibaba's Singles' Day sales broke through the $8 billion mark late on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar.
Xi urges faster APEC talks on China-backed free trade area
BEIJING (Reuters) - The global economic recovery is unstable and nations in the Asia Pacific Economic Cooperation (APEC) bloc should speed up free trade talks to spur growth, Chinese President Xi Jinping said on Tuesday.
Exclusive: Apple's enterprise assault gets into higher gear
SAN FRANCISCO (Reuters) - Apple Inc is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc and working in concert with a dozen or so developers, two sources familiar with its plans say.
Microsoft unveils first Lumia smartphone without Nokia name
(Reuters) - Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business.
Further economic sanctions on Russia not planned, Merkel says
BERLIN (Reuters) - Germany's Angela Merkel said on Tuesday there were no plans at present for further economic sanctions on Russia over Ukraine but she was unhappy that a ceasefire agreement was being broken and that pro-Russian rebels had gone ahead with their elections.
U.S. small business confidence gains in October: NFIB
WASHINGTON (Reuters) - U.S. small business optimism rose in October as more owners said they planned to invest in their companies and were having a harder time filling job openings, according to a survey released on Tuesday.
Alibaba's Ma: financial services IPO 'definite', eyes China mainland listing
HANGZHOU China/BEIJING (Reuters) - Alibaba Group Holding Ltd's finance services arm "will definitely go public," Executive Chairman Jack Ma said on Tuesday, eyeing a mainland China listing for the e-commerce company's crown jewel.
Exclusive: Germany eyes sale of stakes in Deutsche Telekom, Post
BERLIN (Reuters) - The German government is considering reducing its stakes in Deutsche Telekom and Deutsche Post , hoping to cash in on high share values at a time when it is under pressure to spend more to stimulate its faltering economy.
Airbus aims to double China component sourcing value to $1 billion by 2020
ZHUHAI China (Reuters) - European jet maker Airbus Group NV aims to double the annual value of aircraft components it sources from China to $1 billion by 2020, the firm's China Chief Operating Officer, Rafael Gonzalez-Ripoll-Garzon, said on Tuesday.
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