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Monday, December 24, 2012

Business Today: Stock futures fall as "cliff" talks at standstill

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12/24/2012
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 fall as "cliff" talks at standstill
NEW YORK (Reuters) - Stock index futures declined on Monday, indicating the S&P 500 would extend losses after suffering its worst drop since mid-November on continued worry legislators will be unable to reach a deal to avert the "fiscal cliff."
Insight: How U.S. retailers are building up their online muscle
MARTINSBURG, West Virginia (Reuters) - The brave new world for U.S. retailers can be found in small cities like Martinsburg, West Virginia.
Greece not doing enough against rich tax dodgers, say EU/IMF
ATHENS (Reuters) - Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.
U.S. budget uncertainty hangs over quiet stocks, FX
LONDON (Reuters) - European shares and oil prices edged lower on Monday with Wall Street expected to follow suit, as a deadlock in U.S. budget talks left an undercurrent of uncertainty in markets ahead of the Christmas break.
China to crack down on "malicious" trademark registrations
BEIJING (Reuters) - China plans to change the law to crackdown on "malicious" trademark registrations, state media said on Monday, after a series of cases in which well-know international brands and individuals have had their names or copyright misused.
Peugeot manager rules out merger with GM's Opel: report
BERLIN (Reuters) - PSA Peugeot Citroen has ruled out a merger with General Motors' Opel division as part of their alliance, Autogazette reported on Monday, citing a Peugeot manager.
British retailers start online sales early
LONDON (Reuters) - British retailers have brought forward their Christmas clearance sales online in the hope that shoppers will log on to buy bargains and offset lackluster spending in stores.
Vimpelcom to net $1.4 billion as Altimo ups economic stake
MOSCOW (Reuters) - Emerging markets telecoms operator Vimpelcom said it would receive around $1.4 billion for the conversion of its preferred shares by shareholder Altimo into ordinary shares in a move that will boost the Russian investor's economic interest.
Yum's China chicken antibiotics within limits: Shanghai government
SHANGHAI (Reuters) - Shanghai's food safety authority has said the level of antibiotics and steroids in Yum Brands Inc's KFC chicken was within official limits, but the watchdog found a suspicious level of an antiviral drug in one of the eight samples tested.
Freddie Mac to sell $2 billion in bills on Monday
(Reuters) - Freddie Mac , the No. 2 U.S. home funding company, said it will sell $2.0 billion worth of reference bills on Monday.
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