Business Today: U.S. trade deficit narrows as petroleum imports fall

		Click to View in Browser 08/6/2014 U.S. trade deficit narrows as petroleum imports fall narrowed more than expected in June as petroleum imports dropped Futures drop on worries over Ukraine, deal failures NEW YORK (Reuters) - U.S. stock index futures fell on Wednesday, with S&P e-minis at a more than two-month low, on worries of an escalation of the conflict in Ukraine and as key merger and acquisition deals fell through. Exclusive: Wells Fargo loosens standards for jumbo mortgages NEW YORK (Reuters) - Wells Fargo & Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes. AOL revenue beats Street as advertising sales jump (Reuters) - Digital media and entertainment company AOL Inc reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform. Walgreen to keep U.S. tax domicile as buys Alliance Boots (Reuters) - U.S. retailer Walgreen Co won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots [ABN.UL] to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home. IATA still sees improved airline profits as June demand rises BERLIN (Reuters) - The International Air Transport Association said it was still optimistic the industry would report improved profits this year although highlighted risks from conflict and the Ebola outbreak as possible obstacles. Fiat falls 8.5 percent, traders cite Chrysler merger concerns MILAN (Reuters) - Shares in Fiat fell more than 8.5 percent on Wednesday to their lowest level this year, with traders citing concerns that investors who voted against the Italian carmaker's merger with Chrysler would exercise their right to sell the stock, potentially jeopardizing the tie-up. Rupert Murdoch's Fox abandons Time Warner takeover bid (Reuters) - Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates. Russia, weak data weigh on nervous Europe LONDON (Reuters) - European stocks fell on Wednesday while nervous investors took refuge in high-rated bonds as Russia amassed troops on its border with Ukraine, raising concerns among western powers that it could invade. China anti-trust regulator conducts new raids on Microsoft, Accenture BEIJING (Reuters) - A Chinese anti-trust regulator conducted new raids on Microsoft Corp and partner in China Accenture PLC , the agency said on its website on Wednesday, after saying last week Microsoft is under investigation for anti-trust violations. Related Video Breakingviews: Failed M&A China boot camp aims to make big hardware dreams reality Economic News Draghi, Juncker hold "constructive talks" on European economy China July data to give clues on recovery strength, more stimulus 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