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Monday, December 1, 2014

Business Today: Stock futures down on weak global data, falling commodities

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12/1/2014
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Stock futures down on weak global data, falling commodities
NEW YORK (Reuters) - U.S. stock index futures fell on Monday as manufacturing growth across Asia and Europe eased in November, with demand waning even in the face of sharp price cuts.
China's Dalian Wanda in talks to buy stake from Lions Gate: Bloomberg
BEIJING (Reuters) - Chinese conglomerate Dalian Wanda Group Co, one of the biggest theater operators in the United States, is in talks to buy a stake in U.S. film studio Lions Gate Entertainment Corp., Bloomberg News said on Monday.
Fed rattled by elusive inflation, but loath to sound alarm yet
NEW YORK/SAN FRANCISCO (Reuters) - With the U.S. economy humming along at its fastest clip in more than a decade, the Federal Reserve should be confident about its ability to weather a global slowdown and start lifting interest rates around the middle of next year.
EU antitrust regulators to decide on Novartis, GSK deals by January 14
BRUSSELS (Reuters) - European Union antitrust regulators will decide by Jan. 14 whether to clear two asset trade deals between Swiss drugmaker Novartis and British rival GlaxoSmithKline, the European Commission said on Monday.
Euro zone companies come home as Asian costs rise
MILAN (Reuters) - After years of moving production to Asia, some European companies are following the example of their U.S. counterparts and coming home.
Chemical maker Huntsman to cut about 900 jobs
(Reuters) - Chemical maker Huntsman Corp said it would cut about 900 jobs and that it was evaluating options to reduce capacity at its titanium dioxide, or white pigment, business.
Daimler to spend 100 million euros to expand German battery output
FRANKFURT (Reuters) - Daimler will spend about 100 million euros ($125 million) in coming years to increase production of lithium-ion batteries in eastern Germany.
China conglomerate Fosun to sweeten bid for Club Med: sources
PARIS (Reuters) - Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee to trump Italian tycoon Andrea Bonomi's offer in France's longest-running takeover battle.
U.S. holiday weekend store sales fall on early discounts, online growth
(Reuters) - Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier, according to data released Sunday by an industry group.
EU watchdog expects quick action from insurer stress tests
FRANKFURT (Reuters) - The European Union's insurance watchdog said on Monday it expected rapid action from insurers and supervisors to address weaknesses in capital and business models it had identified in a series of stress tests.
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