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Monday, December 29, 2014

Business Today: Oil rises to $60 per barrel, Libya fire supports

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Oil rises to $60 per barrel, Libya fire supports
LONDON (Reuters) - Brent crude oil rose to $60 per barrel on Monday, supported by concerns about disruption to output from Libya, but a global supply glut kept prices nearly 50 percent off their peak for the year.
Stock futures point to lower open; indexes near records
NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Monday, as investors found few reasons to keep pushing shares higher following a sharp rally that has taken major indexes to repeated records.
Subway investigates China media reports of doctored expiry dates
SHANGHAI (Reuters) - U.S. fast-food chain Subway is investigating media reports in China that workers at an outlet in Beijing doctored food labels and used produce beyond its expiry date, a Shanghai-based spokeswoman for the firm said on Monday.
Icahn acquires stake in Manitowoc, seeks splitup
(Reuters) - Carl Icahn reported a 7.7 percent stake in Manitowoc Co Inc , and became the second activist investor this year to push for a splitup of the company's crane and foodservice equipment businesses.
For Qualcomm, China settlement may be just the beginning
SAN FRANCISCO/BEIJING (Reuters) - The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung.
AirAsia has little margin for error in crisis over missing jet
KUALA LUMPUR/SINGAPORE (Reuters) - As AirAsia Bhd grapples with its first airliner disaster since its founding a dozen years ago, Asia's biggest budget carrier will have little margin for error given tough competition and thin profits in the sector.
Credit Suisse vows to fight New York mortgage securities case
ZURICH (Reuters) - Credit Suisse Group AG said on Monday it would fight a U.S. lawsuit which accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued.
Lion Capital sends letter to American Apparel urging it to explore options: source
(Reuters) - The board of American Apparel Inc has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.
ECB's Weidmann says German 2015 growth may be better than expected
BERLIN (Reuters) - Growth in Germany, Europe's biggest economy, could be better than expected next year and the situation in Europe is not as bad as many people think, the president of Germany's Bundesbank told a newspaper on Sunday.
China's trade growth seen falling short of target in 2014
SHANGHAI (Reuters) - China's trade will grow 3.5 percent in 2014, implying the country will fall short of a current 7.5 percent official growth target, according to a report on the Ministry of Commerce's website that was subsequently revised to remove the numbers.
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