Business Today: Wall Street set for weak start as economic data eyed

		Click to View in Browser 09/18/2012 Wall Street set for weak start as economic data eyed New York (Reuters) - Stock futures retreated for a second day on Tuesday, suggesting stocks would continue to ease from multi-year highs as investors looked to upcoming economic data to help extend the central bank stimulus rally. Top Fed policymakers differ on QE3's effectiveness ANN ARBOR, Michigan (Reuters) - Just days after the Federal Reserve launched a third round of bond-buying to boost the lackluster recovery and bring down unemployment, top Fed policymakers on Tuesday disagreed sharply over whether it would work. Apple sells 2 million new phones, shares touch $700 (Reuters) - Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter. Investors increase pressure on Spain to seek aid MADRID (Reuters) - Investors on Tuesday piled pressure on Spain to request aid and trigger a European Central Bank bond-buying program seen as inevitable to help the country finance its debts, with the benchmark 10-year bond rising to just over 6 percent. Investors flock to Russia's $5 billion Sberbank stake sale MOSCOW (Reuters) - Russia's sale of a $5 billion stake in Sberbank has attracted strong demand from investors drawn by the lender's dominant position in a growing domestic market and potential to expand across emerging European economies. Doubts plague Europe's pledge for banking union BRUSSELS (Reuters) - Concerns are growing among European investors and lawmakers that plans for a eurozone banking union will end up half-baked, with the financial backstops required to underpin the ambitious scheme unlikely to be in place for years. Stec CEO resigns on insider trading charges (Reuters) - Solid-state drive maker Stec Inc said its founder and chief executive of 22 years, Manouch Moshayedi, resigned due to a civil complaint filed against him by the U.S. Securities and Exchange Commission in July. U.S. current account narrows more than expected in second quarter WASHINGTON (Reuters) - The U.S. current account deficit shrank more than expected in the second quarter as the country imported fewer goods while income earned on U.S. assets abroad increased. Calls for more time as Greece faces deficit squeeze BEIJING/ATHENS (Reuters) - Greece will meet its nominal 2012 deficit reduction targets but faces growing strain because of the deepening recession, Finance Minister Yiannis Stournaras said on Tuesday as pressure grew on international creditors to give Athens more time to catch up. EU executive approves $1.31 billion aid payout to Ireland BRUSSELS (Reuters) - Ireland's international lenders have approved the release of 1 billion euros ($1.31 billion) in financing to Dublin, the European Commission said on Tuesday, adding that the country's economic reforms are making headway. Related Video Breakingviews: Rome's next battle Japan share prices hurt as companies hunker down in China Economic News Repo rates dip as auctions settle, Fed QE3 adds pressure U.S. current account narrows more than expected in second quarter 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