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Monday, January 5, 2015

Business Today: Futures fall; energy stocks to weigh on Wall St.

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Futures fall; energy stocks to weigh on Wall St.
NEW YORK (Reuters) - U.S. stock index futures fell on Monday as volume returned to markets after the New Year holiday, with energy shares sliding again as crude prices fell to fresh 5-1/2 year lows.
Oil hits five and a half year low under $55 on supply glut
LONDON (Reuters) - Oil prices dropped to fresh 5-1/2-year lows on Monday on worries about a surplus of global supplies and lackluster demand.
Fiat Chrysler U.S. December auto sales up 20 percent, lag expectations
DETROIT (Reuters) - Fiat Chrysler Automobiles said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts.
Merkel's spokesman says no change in stance on 'Grexit'
BERLIN (Reuters) - German Chancellor Angela Merkel's spokesman said on Monday that her government had not changed its position on the desirability of a Greek exit from the euro zone, saying the policy had always been to stabilize the bloc without losing any of its members.
Sika owner goes to court to push through sale to Saint-Gobain
ZURICH (Reuters) - The family that owns a controlling stake in Swiss chemicals firm Sika said on Monday it has filed a lawsuit to help push through a 2.75 billion Swiss franc ($2.73 billion) takeover by French building materials company Saint-Gobain.
BMW agrees to pay $820 million subsidies to China dealers
SHANGHAI/FRANKFURT (Reuters) - BMW will pay 5.1 billion yuan ($820 million) to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday.
Yogurt maker Chobani to replace CEO with president: NY Post
(Reuters) - Greek yogurt maker Chobani is considering replacing Chief Executive Hamdi Ulukaya with its President and Chief Operating Officer Kevin Burns, the New York Post reported, citing people familiar with the matter.
Iran sees oil prices at $60 to $90 in coming months: SHANA
ANKARA (Reuters) - Crude prices will vary between $60 and $90 in the coming months, Iranian Oil Minister Bijan Zanganeh was quoted as saying by the ministry's official SHANA website, adding the only lever OPEC could use to influence the market was supply.
Revamped U.S. oil hedges may test OPEC's patience
NEW YORK (Reuters) - As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices - hedges.
Japan December final manufacturing PMI shows sustained growth
TOKYO (Reuters) - Japanese manufacturing activity showed sustained growth in December, a survey showed on Monday, suggesting domestic demand continues to recover after the economy fell into a surprise recession last year.
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