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Tuesday, September 24, 2013

Business Today: Stock futures flat before data that could clarify Fed's plans

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09/24/2013
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
Stock futures flat before data that could clarify Fed's plans
NEW YORK (Reuters) - U.S. stock index futures were little changed on Tuesday before housing and consumer data that could help investors interpret Federal Reserve officials' comments about the short-term plans for the Fed's stimulus program.
Regulator sues Morgan Stanley, eight others over faulty securities
(Reuters) - A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.
South Korea dumps Boeing fighter jet tender, Lockheed soars back
SEOUL (Reuters) - South Korea's government bowed to public pressure on Tuesday and voted down a bid by Boeing to supply 60 warplanes, saying it would restart the multi-billion tender process to get a more advanced fighter.
Exclusive: Gulfport Energy ex-chairman received millions in free equity
(Reuters) - Gulfport Energy Corp , a publicly-traded oil and gas company based in Oklahoma City, allowed its former chairman to receive millions of dollars in equity interests at no cost in more than a dozen firms that have done business with Gulfport.
Facebook, other banned sites to be open in China free trade zone: report
SHANGHAI (Reuters) - Facebook, Twitter and other websites deemed sensitive and blocked by the Chinese government will be accessible in a planned free-trade zone (FTZ) in Shanghai, the South China Morning Post reported on Tuesday.
Sears Canada CEO resigns as company works on turnaround
(Reuters) - Sears Canada Inc's Chief Executive Calvin McDonald has resigned just as the department store chain restructures amid intensifying competition from U.S. retailers such as Target Corp and Wal-Mart Stores Inc .
Failure to raise U.S. debt limit worse than government shutdown: Moody's
NEW YORK (Reuters) - A failure to raise the U.S. borrowing limit would be more damaging to financial markets than a government shutdown, Moody's Investors Service said on Tuesday.
Fed's Dudley 'wouldn't rule out' QE cut this year: CNBC
(Reuters) - An influential Federal Reserve policymaker said he "certainly wouldn't want to rule out" a reduction in the U.S. central bank's bond-buying program later this year, adding the Fed now expects slower economic growth than it did in June.
Apple updates iMac with Intel processors
(Reuters) - Apple Inc said it updated the iMac with fourth generation Intel Corp processors, better graphics, next generation Wi-Fi and faster flash storage options.
Airbus hikes 20-year plane demand forecast
LONDON (Reuters) - Airbus raised its long-term jet demand forecast on Tuesday, saying the world would need to double its fleet as cities expand and Asia's increasingly affluent middle class takes to the skies.
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