Business Today: U.S. retail sales flat in July, autos fall for second month

		Click to View in Browser 08/13/2014 U.S. retail sales flat in July, autos fall for second month WASHINGTON (Reuters) - U.S. retail sales were unexpectedly flat in July, pointing to some loss of momentum in the economy early in the third quarter. Macy's cuts full-year same-store sales forecast (Reuters) - Macy's Inc cut its full-year same-store sales forecast, saying a 3.3 percent rise in second-quarter sales would not make up for weakness in the first quarter when harsh weather kept shoppers away. U.S. mortgage applications fall in latest week: MBA NEW YORK - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications declined, an industry group said on Wednesday. Futures point to gains despite retail sales data NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Wednesday as investors plucked bargains following recent declines amid signs of an easing of tensions in Ukraine and Iraq, which overshadowed some weak U.S. data and corporate forecasts. Land Rover recalls 40,551 SUVs in U.S. due to air bag issue DETROIT (Reuters) - Jaguar Land Rover is recalling 40,551 Land Rover sport utility vehicles in the United States because the front passenger air bag may not deploy due to a part failure, according to documents filed with U.S. safety regulators. Deere posts lower quarterly profit, cuts full-year outlook (Reuters) - Deere & Co on Wednesday posted a lower quarterly profit and cut its full-year forecast as farmers facing falling income as a result of declining grain prices continued to pull back on purchases of the company's tractors, harvesters and other machinery. Brokerages face exodus as advisers get better deal in indie firms NEW YORK (Reuters) - The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire. China's July economic data points to further softness BEIJING (Reuters) - China's economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens. European firms express concern over China antitrust probes BEIJING (Reuters) - The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms. Goldman Sachs a final bidder for $1.6 billion Tokyo building: sources TOKYO (Reuters) - A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office property deal in six years. Related Video UK village sold lock, stock and beach Breakingviews: Iliad's French revolution Economic News U.S. retail sales flat in July, autos fall for second month U.S. mortgage applications fall in latest week: MBA 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