The Other Side of Life 24/7: Business Today: Stock futures edge lower after volatile session

Wednesday, December 10, 2014

Business Today: Stock futures edge lower after volatile session

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12/10/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Stock futures edge lower after volatile session

NEW YORK (Reuters) - U.S. stock index futures edged lower on Wednesday, a day after stocks staged an intraday rally to erase a decline of nearly 1.3 percent and end nearly flat.

U.S. mortgage applications rise in latest week: MBA

NEW YORK, (Reuters) - Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday.

StanChart sets up financial crime committee after U.S. scrutiny extension

LONDON (Reuters) - Standard Chartered has set up a board committee responsible for financial crime compliance, a day after U.S. authorities extended monitoring of the bank by three years.

OPEC cuts 2015 demand for its oil, says low prices may slow shale

LONDON (Reuters) - Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.

Pilots call for wider mediation in dispute with Lufthansa

BERLIN (Reuters) - Pilots at Lufthansa have called for mediation to cover all areas of their dispute with the German airline's management, not only the early retirement row that has resulted in 10 strikes this year.

HSBC dismisses head of FX trading for EMEA: source

LONDON (Reuters) - British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday.

Mercedes must boost China volume to snatch luxury sales crown: executive

STUTTGART, Germany (Reuters) - Daimler's Mercedes-Benz needs to catch up with German rivals BMW and Audi in China to meet its goal of becoming the world's largest maker of luxury cars by 2020, a company executive said on Wednesday.

Airbus says first delivery of A350 to Qatar postponed

GENEVA (Reuters) - First delivery of the new Airbus A350, scheduled for Saturday, Dec. 13, has been postponed and no new date has been set, the planemaker and the airline said on Wednesday.

BP to spend $1 billion on thousands of job cuts

LONDON (Reuters) - BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices.

U.S. spending bill adds $1.46 billion for military to buy 15 Boeing jets

WASHINGTON (Reuters) - A spending bill agreed by lawmakers from the U.S. House and Senate provides $554.2 billion in funding for the U.S. military in fiscal 2015, including $1.46 billion for 15 EA-18G electronic attack jets built by Boeing Co.