Business Today: Murdoch's Fox hunting Time Warner

		Click to View in Browser 07/16/2014 Murdoch's Fox hunting Time Warner (Reuters) - Rupert Murdoch's 21st Century Fox said it made a bid to buy media conglomerate Time Warner Inc but was rebuffed. Litigation costs hit Bank of America's quarterly profit (Reuters) - Bank of America Corp reported a 43 percent drop in second-quarter profit, falling short of Wall Street estimates, as revenue from mortgages fell and litigation costs soared. U.S. producer prices rise more than expected in June WASHINGTON (Reuters) - U.S. producer prices rose more than expected in June with gains across most categories, indicating some inflation at the factory gate. Stock futures gain on China data, earnings NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, after better-than-expected economic data in China and ahead of the latest batch of corporate earnings. BlackRock's second-quarter profit rises 11 percent NEW YORK (Reuters) - BlackRock Inc , the world's largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its funds across asset classes and regions. Samsung battles on two fronts as Apple readies iPhone 6 SEOUL (Reuters) - Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc , a survey showed, in an ominous sign for the South Korean giant as Apple readies to launch its next-generation iPhone 6. Airbus, Boeing climb close to $100 billion in air show deals FARNBOROUGH England (Reuters) - Airbus and Boeing climbed close to the $100 billion mark for plane deals at the Farnborough Airshow on Wednesday, demonstrating healthy demand for new passenger jets despite concerns raised by their already record full order books. BMW to recall 1.6 million cars worldwide for airbag concerns FRANKFURT (Reuters) - German automaker BMW intends to recall around 1.6 million cars worldwide to replace passenger-side front airbags due to potential problems involving rupturing inflators, BMW said in a statement on Wednesday. Handful of non-EU banks to make European stress tests debut LONDON (Reuters) - A handful of global banks are bracing themselves for their first results from Europe's bank stress-testing regime, which will tell them in October whether they have enough capital to withstand future crises. Ex-GSK China staff seek compensation for illegal dismissal BEIJING/SHANGHAI (Reuters) - Three former Chinese employees of GlaxoSmithKline PLC , which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told Reuters. Related Video Brazil: business environment an own goal? Farnborough: AirAsia flies into unfriendly skies Economic News U.S. producer prices rise more than expected in June Nowotny says he is not sure ECB's ABS plan would fly A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend