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Tuesday, December 30, 2014

Business Today: Stock futures tick lower; S&P 500 at closing record

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Stock futures tick lower; S&P 500 at closing record
NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Tuesday, suggesting the market's recent trend of slight moves and low volume would continue in the next-to-last trading day of the year.
Oil hits five-and-a-half-year low below $57 on supply glut
LONDON (Reuters) - Brent crude oil fell to a 5-1/2-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports.
Foreign automakers taken to task in China over dealers' bloated inventories
SHANGHAI (Reuters) - Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in demand.
Small U.S. firms may struggle with new UPS, FedEx dimensional prices
CHICAGO (Reuters) - United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping.
Exclusive: U.S. agency gives quiet nod to light oil exports - sources
WASHINGTON (Reuters) - The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions.
Credit Suisse to fight New York mortgage securities case
ZURICH (Reuters) - Credit Suisse Group AG has signaled that it intends to fight a U.S. lawsuit that accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued.
Hyundai Motor to build two China plants amid slowing economy
SEOUL (Reuters) - Hyundai Motor Co said on Tuesday it would build two factories in China, its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows.
Petrobras says probe may implicate pension fund; cuts off contractors
RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the scheme.
Former Chrysler unit recalls 66,819 older pickups for clutch issue
DETROIT (Reuters) - FCA US, the former Chrysler Group, said on Monday it is recalling almost 67,000 older-model pickup trucks equipped with manual transmissions globally for possible clutch problems that have been linked to one death.
In-store pickup does not save U.S. shoppers much time: study
SAN FRANCISCO (Reuters) - Major U.S. retailers including Target Corp and Toys 'R Us have begun allowing shoppers to collect online purchases at their brick-and-mortar stores, but a study shows the option often saves little, if any, time over in-store shopping.
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Oil hits five-and-a-half-year low below $57 on supply glut
Stock futures tick lower; S&P 500 at closing record
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