The Other Side of Life 24/7: Business Today: Stock futures little changed, Fed officials due to speak

Friday, September 20, 2013

Business Today: Stock futures little changed, Fed officials due to speak

Click to View in Browser

09/20/2013

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 little changed, Fed officials due to speak

NEW YORK (Reuters) - U.S. stock index futures were little changed as investors hoped that remarks by several senior Federal Reserve officials scheduled to speak on Friday would shed light on the Fed's recent surprise decision to keep its stimulus efforts intact.

Exclusive: Inside Nasdaq's succession planning process

(Reuters) - For more than two years, a recurring question has gnawed at the board of Nasdaq OMX Group Inc: If Chief Executive Bob Greifeld were to leave, who would step into his shoes?

Not lifting U.S. debt ceiling would be 'dumb': Buffett

NEW YORK (Reuters) - Billionaire investor Warren Buffett said that politicians not lifting the U.S. debt ceiling would be "pretty damn dumb" and viewed a prolonged political standoff on the issue as "disturbing."

Scandals cost JPMorgan $1 billion in fines

(Reuters) - It's $1 billion in payouts that JPMorgan Chase & Co most likely wants to forget.

India unexpectedly raises rates; trims rupee support steps

MUMBAI (Reuters) - Reserve Bank of India Governor Raghuram Rajan surprised markets in his maiden policy review on Friday by raising interest rates to ward off rising inflation, while scaling back some of the emergency measures recently put in place to support the ailing rupee.

Ford to halt Romania production on slow EU demand

BUCHAREST (Reuters) - The Romanian unit of U.S. carmaker Ford Motor Co will halt production for 13 days in October, following a planned one week stoppage this month, due mainly to weak demand on the European market, it said on Friday.

Japan firms resist Abe's calls to raise wages: Reuters poll

TOKYO (Reuters) - Japanese companies are largely ignoring Prime Minister Shinzo Abe's calls for higher wages in the face of an expected sales tax increase, a Reuters poll shows, underscoring the difficulties the government faces in trying to defeat entrenched deflation.

Deutsche Bahn trims Siemens train order: document

FRANKFURT (Reuters) - Germany's Deutsche Bahn has trimmed an order for next-generation high-speed trains built by Siemens by almost 1 billion euros ($1.4 billion), an internal Deutsche Bahn document seen by Reuters showed.

Monte Paschi seeks to avert nationalization with turnaround plan

MILAN/ROME (Reuters) - Italy's scandal-hit Monte dei Paschi di Siena will next week unveil a drastic turnaround plan for the bank to meet European Union demands and try to lure investors in a make-or-break attempt to avoid nationalization.

Microsoft CEO Ballmer bids emotional farewell to Wall Street

(Reuters) - Microsoft Corp Chief Executive Steve Ballmer has made an impassioned plea to investors to support his vision of the world's largest software company as a unified devices and services powerhouse in his swan song before Wall Street.