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Friday, August 15, 2014

Business Today: U.S. producer prices moderate as gasoline tumbles

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08/15/2014
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U.S. producer prices moderate as gasoline tumbles
WASHINGTON (Reuters) - U.S. producer prices rose marginally in July as a decline in the cost of energy goods offset higher food prices, pointing to a moderation of inflation pressures at the factory gate.
BHP Billiton set to spin off unwanted assets
MELBOURNE/LONDON (Reuters) - Diversified mining company BHP Billiton declared its preference for a demerger of its aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion.
Wall St. poised for higher open, on track for strong week
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.
Lehman brokerage unsecured creditors to see first $4.62 billion
NEW YORK (Reuters) - Unsecured creditors of Lehman Brothers Holdings Inc's brokerage unit who have waited nearly five years to recoup their money will begin receiving an initial $4.62 billion payout next month, the trustee liquidating the unit said on Friday.
GSK-linked investigators will not appeal China sentence: lawyer
SHANGHAI (Reuters) - British corporate investigator Peter Humphrey and his American wife Yu Yingzeng do not plan to appeal a Chinese court's decision to sentence them to prison, a lawyer told Reuters on Friday.
Slow pace of rail recovery stirs fear of future woes
TORONTO (Reuters) - More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
Corporate founders battle boards to overturn forced exits
NEW YORK (Reuters) - From American Apparel Inc to Lululemon Athletica Inc, Men's Wearhouse Inc and Best Buy Co Inc, a series of boardroom battles across North America underscore how difficult it can be for companies to part ways with their founders.
End of the Wirtschaftswunder? Germany's sudden slowdown
BERLIN (Reuters) - The German soccer team's romp to victory in last month's World Cup was hailed at home as a symbol of the country's emergence as a confident global economic power.
Banks to return 2.86 billion euros in crisis loans to ECB next week
FRANKFURT (Reuters) - Banks will return 2.861 billion euros ($3.83 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.
Regulators pushing banks to rid casinos of money-laundering
NEW YORK (Reuters) - Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.
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