Business Today: Stock futures point to slight gains, GDP growth as expected

		Click to View in Browser 08/29/2012 Stock futures point to slight gains, GDP growth as expected NEW YORK (Reuters) - Stock index futures pointed to slight gains at the open on Wednesday, in a third day of likely limited action as investors shrugged off the latest data and looked ahead to Federal Reserve Chairman Ben Bernanke's speech on Friday for trading incentives. Global shares slip, euro flat ahead of central bank moves LONDON (Reuters) - The euro hovered near an eight-week high on Wednesday, with investors reluctant to push it higher ahead of a speech by the U.S. Federal Reserve chairman and before seeing the European Central Bank's plan to tackle the region's debt crisis. Apple/Samsung dispute not yet made it to China: Xinhua BEIJING (Reuters) - A patent dispute between Apple and Samsung Electronics has yet to make it to China, with no applications for a probe being made by either company in the country, state news agency Xinhua reported on Wednesday. Second-quarter growth revised up to 1.7 percent WASHINGTON (Reuters) - The economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Draghi tells Germans ECB action needed for stability FRANKFURT (Reuters) - The European Central Bank must employ "exceptional measures" at times to fulfil its mandate of delivering stable prices, ECB President Mario Draghi wrote in an opinion piece on Wednesday aimed at calming German angst about the bank's policy course. GM to invest $1 billion in Russia within 5 years MOSCOW (Reuters) - General Motors Co plans to invest $1 billion over the next five years to expand car and component production in Russia, one of the fastest-growing auto markets in the world, its head of international operations Tim Lee said. Spain, EU in agreement over bad bank terms: minister MADRID (Reuters) - The Spanish government and European Union officials are in agreement on the general terms for creating a bad bank to hold toxic real estate assets, Economy Minister Luis de Guindos said on Wednesday. Eli Lilly to stop developing schizophrenia drug (Reuters) - Eli Lilly and Co said it would stop developing an experimental schizophrenia drug after a recent analysis showed that a late-stage trial on the drug was likely to fail. Steel pollution case highlights Italy's slow decline TARANTO, Italy (Reuters) - The sprawling ILVA steelworks has loomed over the skyline of Taranto and dominated the city's economy for 50 years, but toxic pollution has transformed the site from a symbol of postwar prosperity to an emblem of Italy's long industrial decline. China's official PMI seen hitting 9-month low in August BEIJING (Reuters) - China's official manufacturing managers' index (PMI) may have eased to a 9-month low of 50 in August, supporting the case for fresh easing measures by the central bank as the world's second-largest economy struggles against stiff global headwinds. Related Video Reuters Breakingviews: UK rich tax talk China's shine fades for equity investors Economic News Further Fed easing not "predestined": Fisher Mortgage applications fell last week as refis dropped: MBA A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend