Business Today: Futures up, indexes on track for 4th week of gains

		Click to View in Browser 08/29/2014 Futures up, indexes on track for 4th week of gains NEW YORK (Reuters) - U.S. stock index futures pointed to modest gains at the open on Friday, indicating the market's recent upswing was intact with major indexes on track for their fourth straight week of gains. U.S. consumer spending slips; savings highest in 1-1/2 years WASHINGTON, Aug 29 (Reuters) - U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years, a sign that households remain cautious despite an acceleration in economic and jobs growth. SoftBank's first Sony smartphone deal takes aim at U.S. market TOKYO (Reuters) - Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market. Special Report: The billion-dollar fall of the house of Espirito Santo LISBON (Reuters) - On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Disappearing euro zone inflation set to heighten ECB concerns BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation dropped to a fresh five-year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy action. Draghi dials R for Reform. Line is busy FRANKFURT (Reuters) - Two years ago, euro zone government leaders hung on Mario Draghi's every word. Now the European Central Bank chief is struggling to get through to them. What has happened to 'Super Mario's' mojo? McDonald's says 12 Russian branches temporarily closed MOSCOW (Reuters) - McDonald's said on Friday that a total of 12 of its branches in Russia had been temporarily closed over the state food safety regulator's allegations of sanitary violations. Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp KUALA LUMPUR (Reuters) - Malaysia Airlines (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two jetliner disasters. Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray NEW YORK (Reuters) - Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business. Fiat says exit rights exercise won't jeopardize Chrysler merger MILAN (Reuters) - Fiat said on Friday its merger with Chrysler was on track to go ahead as planned in October since it did not expect a 500 million euro ($658.3 million) cap on the money it set aside to pay off any dissenting shareholders would be breached. Related Video Tesco shares plunge on profit warning Ceasefire boost for Gaza's fishermen Economic News U.S. consumer spending slips; savings highest in 1-1/2 years Special Report: The billion-dollar fall of the house of Espirito Santo 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