Business Today: Stock futures flat in low volume ahead of data

		Click to View in Browser 12/3/2014 Stock futures flat in low volume ahead of data NEW YORK (Reuters) - U.S. stock index futures were flat in low volume on Wednesday ahead of data on the services sector and as markets focus on readings on the U.S. economy and the upcoming meeting at the European Central Bank. Brent rebounds above $71 in turbulent oil market LONDON (Reuters) - Brent rose to $71 a barrel on Wednesday, recovering some of its losses from the previous session as a turbulent market searched for a price floor after a nearly 40 percent fall since June. U.S. mortgage applications fall in latest week: MBA NEW YORK, Dec 3 Reuters) - Applications for U.S. home mortgages fell last week as refinancing applications dropped, an industry group said on Wednesday. Lufthansa cancels half of Thursday long-haul flights due to strike BERLIN (Reuters) - Lufthansa has canceled around half of long-haul flights scheduled for Thursday due to the second strike within a week by its pilots in a long-running row over retirement benefits. Volvo Cars says full-year targets within reach GOTHENBURG, SWEDEN (Reuters) - Chinese-owned Volvo Car Group said on Wednesday it was on track to reach its sales and profit targets for this year, after strong growth in China and modest gains in Europe helped boost the company's sales for 17 straight months. UK's Osborne says to miss short-term budget targets, sticks to plan LONDON (Reuters) - British finance minister George Osborne said he would miss his short-term targets for cutting the budget deficit but he stuck to his promise to fix the public finances by the end of the decade, hoping that voters will back his tough approach. Publicis boss on the spot at investor day PARIS (Reuters) - Eighteen months after celebrating a corporate marriage with U.S.-based Omnicom that was to dominate the world of advertising, Publicis and its boss Maurice Levy are single again, and face some awkward questions. Majority of Air France pilots back low-cost unit deal PARIS (Reuters) - A majority of Air France pilots backed a deal reached in September to develop the company's low-cost operations in France, the airline said on Wednesday. Better terms win Morgan Stanley $4.8 billion Ping An share placement deal: sources HONG KONG (Reuters) - A lucrative, last-minute pitch by Morgan Stanley won it the role of sole placing agent for last week's $4.8 billion stake sale in Ping An Insurance Group Co of China Ltd , people with knowledge of the matter said. Euro zone risks return to contraction, China outlook smoggy LONDON (Reuters) - The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat. Related Video Recession reality for Russia Recharge your phone in 30 seconds? Economic News U.S. mortgage applications fall in latest week: MBA U.S. private sector hiring shy of estimates in November: ADP A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend