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Monday, November 12, 2012

Business Today: Stock futures point to gains on Chinese data

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11/12/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures point to gains on Chinese data
NEW YORK (Reuters) - Stock index futures pointed to a higher open on Monday after last week's steep losses on upbeat economic data from China over the weekend, though concerns remained about the growth outlook in the United States and Europe.
AIG keen to sell bank, expand in mortgages: CEO
HONG KONG (Reuters) - American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant "too big to fail," its chief executive said on Monday.
Global shares dip on U.S. fiscal cliff, Greece woes
LONDON (Reuters) - World shares edged down for a fourth day on Monday as concerns about a potential U.S. fiscal crisis and Greece's bailout dented optimism over global growth.
Ex-BBC boss set to take reins at New York Times
(Reuters) - The New York Times Co said it will proceed with its plan for Mark Thompson to take over as CEO on Monday, despite an intensifying scandal at the BBC that has raised questions about his tenure at Britain's flagship broadcasting company.
Starbucks, Amazon and Google to face UK lawmakers over tax
LONDON (Reuters) - UK lawmakers will quiz executives of Starbucks , Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here.
SAS to cut jobs and sell assets in survival plan
STOCKHOLM (Reuters) - Loss-making airline SAS will shed nearly 6,000 staff through cuts and asset sales to secure loans from banks and Nordic governments to help it survive a global downturn and fierce competition.
Amplats threatens South Africa strikers with sacking
JOHANNESBURG (Reuters) - World no. 1 platinum producer Anglo American Platinum (Amplats) said on Monday it was too early to tell whether South African miners on an illegal strike will return after the company told them to resume work or face sacking.
JPMorgan executives won't be charged in securities sale probes: WSJ
(Reuters) - The Securities and Exchange Commission (SEC) does not intend to charge any JPMorgan Chase & Co executives in two investigations relating to the allegedly fraudulent sale of mortgage-backed securities, the Wall Street Journal reported.
Partisan fight over "fiscal cliff" will harm U.S. economy: Reuters poll
LONDON (Reuters) - Any partisan squabbling over the United States' looming budget crisis will harm its economy, according to a strong majority of economists polled by Reuters after Tuesday's presidential election.
Goldman's Entwistle to step down as Southeast Asia head: memo
Hong Kong (Reuters) - The head of Goldman Sachs Group Inc's Southeast Asian operations is set to step down and move to a new position as an advisory director for the bank at the end of the year, according to company memo obtained by Reuters.
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