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Tuesday, January 6, 2015

Business Today: Futures tick up after largest selloff in three months

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Futures tick up after largest selloff in three months
NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday following the largest losses on Wall Street since early October and ahead of a large data batch that will show the momentum of the U.S. economy at the end of last year.
Brent falls more, Saudi Arabian king issues speech
LONDON (Reuters) - Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Coach to buy shoemaker Stuart Weitzman to expand luxury offerings
(Reuters) - Coach Inc will buy women's luxury footwear company Stuart Weitzman Holdings LLC, as it looks to expand its high-end offerings to better compete with rivals such as Michael Kors Holdings Ltd and Kate Spade & Co .
Euro zone growth falters at end of 2014
LONDON (Reuters) - The euro zone economy ended 2014 with its worst quarter for over a year, according to surveys of activity that highlighted continuing downturns in France and Italy and a stuttering performance by paymaster Germany.
King says Saudi Arabia to deal with weak oil challenge with 'firm will'
RIYADH (Reuters) - Saudi Arabia's King Abdullah said on Tuesday the world's top oil exporter would deal "with a firm will" with the challenge posed by lower oil prices in a speech read on his behalf by Crown Prince Salman and broadcast on state television.
EU says German sausages not at risk in U.S. trade deal
BRUSSELS (Reuters) - The European Union will not water down its strict geographic food names under a far-reaching trade deal with the United States despite a suggestion by Germany's farm minister that not every style of sausage could be protected, the EU executive said on Tuesday.
Mercedes-Benz to move U.S. headquarters to Atlanta: source
DETROIT (Reuters) - Mercedes-Benz will move its U.S. headquarters to Atlanta from northern New Jersey, a source familiar with the brand's plans told Reuters on Tuesday.
High Noon on the Gulf Coast: Canada, Saudi oil set for showdown
NEW YORK (Reuters) - As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower.
U.S. small-business borrowing fell in November: PayNet
(Reuters) - U.S. small businesses reduced borrowing in November, sending the Thomson Reuters/PayNet Small Business Lending Index to its lowest level in eight months, according to data released on Tuesday.
Bitcoin exchange Bitstamp suspends service after security breach
LJUBLJANA (Reuters) - Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has suspended its service after a security breach on Sunday, resulting in loss of around 19,000 bitcoins.
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