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Friday, March 14, 2014

Business Today: S&P futures edge up after selloff; PPI, UMich data on tap

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03/14/2014
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S&P futures edge up after selloff; PPI, UMich data on tap
NEW YORK (Reuters) - U.S. S&P 500 stock index futures inched higher on Friday, indicating the index may hold its ground after its biggest decline since early February, ahead of data on inflation and consumer confidence.
U.S. producer prices fall, offer little sign of inflation pressure
WASHINGTON (Reuters) - U.S. producer prices fell in February, dragged down by falling costs for services and offering little sign of a pickup in inflation pressures.
Vodafone close to deal to buy Spain's Ono: sources
MADRID (Reuters) - Shareholders of cable company Ono are close to reaching a deal with Britain's Vodafone on an offer to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.
Draghi holds course in face of deflation threat
FRANKFURT/WASHINGTON (Reuters) - Meeting students at the University of Amsterdam in April last year, European Central Bank President Mario Draghi extolled the virtues of courage, recalling a story his father had told him:
U.S. safety watchdog says 303 deaths linked to recalled GM cars
DETROIT (Reuters) - U.S. safety regulators have recorded 303 deaths when airbags failed to deploy in 1.6 million compact cars recalled last month by General Motors Co, according to a study released Thursday night by a safety watchdog group.
U.S. lifts ban blocking BP from new government contracts
HOUSTON (Reuters) - The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.
Japan February exports seen accelerating; trade gap to narrow
TOKYO (Reuters) - Japan's export growth is forecast to have accelerated in February as shipments recovered from a Lunar New Year slowdown, which along with slower import growth is expected see the trade deficit narrow from record levels, a Reuters poll shows.
India court rejects Nokia appeal over asset transfer to Microsoft
NEW DELHI (Reuters) - India's Supreme Court on Friday ordered Nokia to give a 35 billion rupees ($572.5 million) guarantee before it transfers one of its biggest mobile phone plants and other assets in the country to Microsoft Corp.
Beyond the hype, Keystone would yield few permanent jobs
STEELE CITY, Nebraska (Reuters) - In the heated debate over whether to build the Keystone XL pipeline, the energy industry and lawmakers have predicted that the project could unleash an economic bonanza in the Midwest, and provide jobs for up to a half-million people.
Missing plane may cool Malaysia tourism, airline bookings
SINGAPORE/KUALA LUMPUR (Reuters) - Loss-making Malaysian Airline System risks losing out on lucrative corporate business from travelers outside the country in the wake of the disappearance of a China-bound flight carrying 239 people, travel agents warned.
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