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Wednesday, December 3, 2014

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

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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.
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