Business Today: U.S. in sanctions talks with Commerzbank and Deutsche: source

		Click to View in Browser 07/8/2014 U.S. in sanctions talks with Commerzbank and Deutsche: source FRANKFURT (Reuters) - U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Stock futures point to lower open, investors await earnings NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Tuesday, suggesting a second day of weakness as investors continued to hold off from making big bets going into the start of corporate earnings season. Car maker Tesla sued in China for trademark infringement SHANGHAI (Reuters) - U.S. electric car maker Tesla Motors Inc is being sued in China for trademark infringement, a surprise development that casts a shadow over CEO Elon Musk's ambition to expand rapidly in the world's biggest auto market. U.S. small business confidence edges lower, still near six-year high WASHINGTON (Reuters) - U.S. small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months. Argentina says to meet again with debt mediator on Friday BUENOS AIRES (Reuters) - Argentine officials will meet again on Friday with a mediator appointed by a U.S. court to resolve its legal battle with hedge funds suing for full repayment of defaulted sovereign bonds, the government said on Tuesday. China says GSK-linked trial being handled according to law BEIJING (Reuters) - The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC in China will be handled according to the law, China's foreign ministry said on Tuesday, brushing off U.S. concern about the case. GM Korea CEO warns of output cut as strike vote looms SEOUL (Reuters) - General Motors' South Korea chief warned employees that a potential strike could lead to further production cuts in one of its major Asian manufacturing bases, according to an email sent to staff and obtained by Reuters. Vatican bank clean-up and account closures wipe out profit VATICAN CITY (Reuters) - The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 "customer relationships" as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed on Tuesday. Philips warns healthcare unit will miss forecast earnings AMSTERDAM (Reuters) - Philips warned its healthcare business would miss forecast earnings but went some way to reassure investors by adding its chief executive would take direct charge of the unit, which contributes 40 percent of company revenues. Ambition, investor greed fuel rise and fall of Dubai's Arabtec ABU DHABI/DUBAI (Reuters) - From a 59-storey tower in Abu Dhabi, the offices of Arabtec look out over the Gulf towards Middle Eastern and Asian nations where the construction firm hopes to expand. It is a symbol of the company's ambitions - and the way in which they have run into hard reality. Related Video Boom or bust for World Cup hosts? Perfume industry prepares for EU ban Economic News OECD sees global growth stable, some slide in emerging markets U.S. small business confidence edges lower, still near six-year high 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