Business Today: Wall Street set for flat open, data eyed

		Click to View in Browser 09/4/2012 Wall Street set for flat open, data eyed NEW YORK (Reuters) - Wall Street was set for a flat open on Tuesday as investors returned after a long weekend, with focus on U.S. manufacturing data and an upcoming meeting of European Central Bank policymakers. U.S. new-car sales in August seen up as much as 20 percent DETROIT (Reuters) - U.S. auto sales are expected to increase by as much as 20 percent in August as better financing deals and an improving housing market encouraged consumers to replace aging cars and trucks. Small-business borrowing rose modestly in July NEW YORK (Reuters) - Lending to small U.S. businesses edged up in July, but the size of the increase was too modest to signal that there was much momentum to the economy, a report showed on Tuesday. Analysis: Does history suggest China growth is about to rebound? BEIJING (Reuters) - The last time China's vast manufacturing sector had conditions like those in August it was March 2009 and the economy was about to rebound from the global financial crisis. ECB faces moment of truth on bond-buying plan FRANKFURT (Reuters) - European Central Bank President Mario Draghi will try to back up his pledge to do "whatever it takes" to save the euro on Thursday, presenting some details of a new bond-buying plan that is transfixing markets hopeful it can ease the euro zone crisis. Exclusive: Clear Channel Outdoor challenges CNN in airport TV NEW YORK (Reuters) - CNN, which has suffered from lower ratings and increased competition in the cable television market, is now facing a new challenge in an area it has dominated for two decades: airports. Spain to inject 6 billion euro into FROB bank fund: source MADRID (Reuters) - The Spanish Treasury will inject 6 billion euros ($7.6 billion)into the state's bank rescue fund to beef up its firepower after the emergency recapitalization of troubled lender Bankia , a source from the Economy Ministry said on Tuesday. Russia's MegaFon closes in on $4 billion London IPO MOSCOW (Reuters) - MegaFon , Russia's second-largest mobile phone operator, has asked its local regulator for permission to list its shares in London for what would be the world's biggest initial public offering since Facebook's in May. Lufthansa cancels hundreds more flights as strikes hit FRANKFURT (Reuters) - Deutsche Lufthansa cancelled hundreds more flights on Tuesday as cabin crew launched a second round of strikes in a row over pay and conditions that threatens to drag on for weeks and cost Germany's biggest airline tens of millions of euros. Swiss economy shrinks under euro crisis pressure ZURICH (Reuters) - The Swiss economy unexpectedly shrank in the second quarter as the euro zone crisis caught up with a country that had seemed relatively immune to its neighbors' woes, providing further justification for the central bank's cap on the strong franc. Related Video U.S. Morning Call: Super Mario to the rescue with bond plan Breakingviews - Wanted: steel nerves! Economic News Bernanke says Fed ready to act but short on specifics Auto lenders go back to subprime borrowers 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