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Monday, September 24, 2012

Business Today: Stock futures point to lower open on German data

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09/24/2012
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Stock futures point to lower open on German data
NEW YORK (Reuters) - Stock index futures pointed to a lower open on Monday, extending last week's decline as weak European data caused investors to question the prospects for global growth.
Apple sold more than 5 million iPhone 5
(Reuters) - Apple Inc sold more than 5 million iPhone 5 smartphones in the three days after the new device hit the marketplace on September 21, the company said on Monday.
German business mood worsens despite ECB bond plan
BERLIN (Reuters) - German business sentiment dropped for a fifth straight month in September to its lowest since early 2010, raising fears of recession and underlining that a bold bond-buying plan laid out by the European Central Bank is no economic elixir.
European lawmakers to question regulators over Libor
BRUSSELS (Reuters) - Some of the world's top financial regulators will answer questions in the European Parliament on Monday about market manipulation such as the rigging of benchmark interest rate Libor.
U.S. says complied with WTO ruling on Boeing subsidies
GENEVA (Reuters) - The United States said on Monday it had complied with a ruling ordering it to withdraw unfair subsidies to Boeing as tit-for-tat exchanges flared up in the world's largest trade dispute.
RBS to cut further 300 jobs at investment bank
LONDON (Reuters) - Royal Bank of Scotland has increased its target for job cuts at its investment banking business to 3,800 by the end of 2013, 300 more than previously anticipated, according to slides released by the bank ahead of an investor presentation.
EADS says BAE talks productive, expects to meet deadline
PARIS (Reuters) - European aerospace group EADS on Monday described merger talks with BAE Systems as productive and said it was currently on track to meet an October 10 deadline for providing further details on plans to forge the world's largest arms firm.
Fiat CEO says company is healthy, confirms 2012 targets
TURIN (Reuters) - Italian car maker Fiat is healthy, its chief executive Sergio Marchionne said on Monday, confirming the targets for 2012.
Wells Fargo should buy lender CIT Group, analyst says
(Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank, could boost its profits by buying CIT Group Inc even if it pays a 33 percent premium for the specialty lender, Stifel Nicolaus analyst Christopher Mutascio said on Monday.
Foxconn China plant closes after clash involving 2,000
TAIPEI (Reuters) - Taiwan's Foxconn Technology Group, which assembles Apple's iPhones and makes components for top global electronics companies, closed a plant in China on Monday after about 2,000 workers were involved in a brawl at a company dormitory.
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