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Tuesday, December 9, 2014

Business Today: Stock futures lower after biggest drop since Oct

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Stock futures lower after biggest drop since Oct
NEW YORK (Reuters) - U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth.
Brent crude oil rebounds after hitting five-year low below $66
LONDON (Reuters) - Brent crude oil hit a fresh five-year low on Tuesday before rebounding to near $67 a barrel, as some buyers emerged in the hope that prices are bottoming following a more than 40 percent slide since June.
Hyundai recalls 42,925 sedans in U.S. for possible brake light issue
DETROIT (Reuters) - Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators.
Fed signals rate guidance likely to stay for now
(Reuters) - The Federal Reserve's vow to keep interest rates near zero for a "considerable time" is likely to remain in place for now, with the U.S. central bank set to take a slow and steady approach to its first rate rise in a decade.The pledge will be up for debate again when policymakers meet next week, with a strong jobs report bolstering the case of officials who want to remove it.
Low gas prices, cold weather boost AutoZone results
(Reuters) - AutoZone Inc , the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter.
Deutsche tests investor patience with no-surrender strategy
FRANKFURT (Reuters) - Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors.
VW's Audi says November sales up 11 percent to record 146,250 cars
BERLIN (Reuters) - Audi increased sales of luxury cars 11 percent in November to 146,250 vehicles, its best-ever result for that month, bolstered by double-digit growth in the United States and China.
Lloyds dividend hopes under threat from UK banks stress test
LONDON (Reuters) - Lloyds Banking Group Plc risks rejection of its plans to pay a dividend for 2014 unless it performs strongly in a British test of its financial health, results of which are due to be published next Tuesday.
Merck to take on superbugs with Cubist Pharma buy
(Reuters) - Merck & Co Inc said it would buy Cubist Pharmaceuticals Inc for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that combat so-called superbugs.
German carmakers unveil surprise changes in top management
FRANKFURT/BERLIN (Reuters) - In a surprise move, BMW said on Tuesday its long-time chief executive Norbert Reithofer would step down in May, one year early, and hand the reins of the Munich-based luxury carmaker to 49-year-old production chief Harald Krueger.
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