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Wednesday, August 27, 2014

Business Today: Futures point to flat open with indexes at records

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08/27/2014
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
Futures point to flat open with indexes at records
NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Wednesday, as investors found few reasons to keep buying after a rally that has taken indexes to repeated records, even as there was little seen on the horizon that could derail the rally.
IMF's Lagarde put under investigation in French fraud case
PARIS (Reuters) - IMF chief Christine Lagarde has been put under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister.
Russian courts close 3 McDonald's branches in Moscow: agencies
MOSCOW (Reuters) - Russian courts on Wednesday ordered the temporary closure of three McDonald's restaurants in Moscow over breaches of sanitary rules, news agencies reported, amid a standoff with the West over Ukraine.
Buffett puts shareholders ahead of patriotism in Canadian deal
NEW YORK (Reuters) - Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.
GM ignition-switch fund receives claims for more than 100 deaths
NEW YORK (Reuters) - A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program.
Japan Abe aide Hamada: Could do next sales tax hike in stages
TOKYO (Reuters) - Japan could soften the impact of a planned sales tax increase by raising it in stages rather than IN a single hike, an outside adviser to Prime Minister Shinzo Abe said on Wednesday.
Fund managers look to make room for Alibaba
SAN FRANCISCO/NEW YORK (Reuters) - Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.
Uber eyes aggressive expansion in Germany despite bans
FRANKFURT (Reuters) - U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis.
Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report
SAN FRANCISCO (Reuters) - Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
After disasters, stricken Malaysia Airlines staff brace for job cuts
KUALA LUMPUR (Reuters) - As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.
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