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Monday, September 9, 2013

Business Today: Futures gain on China data; Syria concerns remain

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09/9/2013
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
Futures gain on China data; Syria concerns remain
NEW YORK (Reuters) - U.S. stock index futures advanced on Monday in the wake of upbeat economic data from China, though concerns remained about the possibility of a Western strike against Syria.
Koch Industries to buy Molex for $7.2 billion
(Reuters) - Molex Inc, a maker of electronic connectors and cable assembly products, said privately owned energy and chemicals conglomerate Koch Industries will buy it for about $7.2 billion.
Suntory to buy GSK's Lucozade, Ribena drinks for $2.1 billion
LONDON/TOKYO (Reuters) - Japan's Suntory Beverage & Food Ltd is to buy GlaxoSmithKline Plc's Lucozade and Ribena brands for 1.35 billion pounds ($2.1 billion) to help it expand into new markets.
WTO cuts 2013 world trade forecast to 2.5 percent
GENEVA (Reuters) - World trade is expected to grow by 2.5 percent this year and 4.5 percent in 2014, the World Trade Organization's new chief Roberto Azevedo said on Monday, revising down previous estimates of 3.3 percent and 5 percent.
Vodafone urges Kabel shareholders to accept $10 billion bid
FRANKFURT/LONDON (Reuters) - Vodafone urged Kabel Deutschland shareholders to accept its 7.7 billion euro ($10.1 billion) offer, warning the bid would lapse if less than three quarters of them agree to sell Germany's largest cable operator by Wednesday.
Exclusive: Japan regulator probing Deutsche Bank entertainment of pension clients - sources
TOKYO (Reuters) - Japan's securities market watchdog is investigating whether Deutsche Bank AG employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said.
Manufacturers see continued growth; government policy a worry: survey
NEW YORK (Reuters) - U.S. manufacturers are "cautiously optimistic" that growth will continue this year amid an uptick in sales and production, though many cite uncertainty over U.S. government policy as a concern, according to a survey from the National Association of Manufacturers (NAM).
Google offers new concessions to avoid fine in EU antitrust case
BRUSSELS (Reuters) - Google has offered further concessions aimed at ending a three-year investigation into complaints it was blocking competitors and to avert a possible $5 billion fine, the European Commission said on Monday.
Western Digital to buy flash storage company Virident
(Reuters) - Hard drive maker Western Digital Corp said it would buy Virident Systems Inc, a maker of flash memory for servers, for $685 million in cash.
Fiat jumps on deal talk as CEO misses Frankfurt show
MILAN (Reuters) - Shares in Italian carmaker Fiat rose over 5 percent on Monday after its top management pulled out of the Frankfurt car show, fuelling speculation it may be close to a deal, possibly to buy out the rest of its U.S. unit Chrysler.
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