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Friday, September 13, 2013

Business Today: Futures little changed ahead of data flurry

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09/13/2013
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Futures little changed ahead of data flurry
NEW YORK (Reuters) - U.S. stock index futures were little changed on Friday, ahead of data on retail sales and consumer sentiment that may help investors assess the probability the Federal Reserve may trim its stimulus measures next week.
U.S. retail sales miss expectations, point to slow growth
WASHINGTON (Reuters) - U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items, the latest sign that economic growth slowed in the third quarter.
U.S. producer prices rise, but inflation pressures benign
WASHINGTON (Reuters) - U.S. producer prices rose in August as energy costs rebounded, but underlying inflation remained tame.
In post-Lehman clean-up, top banker prosecutions stumble
LONDON (Reuters) - Will top bankers' behavior ever land them in jail? Or are bad business decisions even a crime at all?
Fiat CEO sees Chrysler IPO in first-quarter 2014
TURIN, Italy (Reuters) - Italian carmaker Fiat Chief Executive Sergio Marchionne said on Friday that its U.S. unit Chrysler's initial public offering in New York could take place in the first quarter of 2014.
House Republicans question SEC oversight of private equity funds
WASHINGTON (Reuters) - Two key Republicans in the U.S. House of Representatives are questioning whether federal securities regulators are spending too much of their time conducting compliance examinations of private equity fund advisers, saying sophisticated investors need less protection.
Obama to nominate Summers as Fed chief: Nikkei
TOKYO (Reuters) - U.S. President Barack Obama will name former Treasury Secretary Lawrence Summers as chairman of the Federal Reserve Board, Japan's Nikkei newspaper said on Friday.
Sanofi says might make sense to buy back L'Oreal's $12 billion stake
PARIS/LONDON (Reuters) - Repurchasing L'Oreal's 9 percent stake in Sanofi might make sense for the French drugmaker if the $12 billion holding is put up for sale, Sanofi's chief executive said on Friday.
Japan ministers disagree on sales tax offset package
TOKYO (Reuters) - Japan's top two financial ministers openly disagreed on whether a corporate tax cut was needed to cushion any pain from an increase in the sales tax, as the government upgraded its view of the economy on Friday for the seventh time this year.
CNH Industrial shares to debut in New York on September 30: Marchionne
TURIN, Italy (Reuters) - Truck and tractor maker CNH Industrial's shares will start trading on the New York Stock Exchange on September 30, the company's chairman Sergio Marchionne said on Friday.
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