Business Today: Wall St set to fall on earnings, China worries; data due

		Click to View in Browser 08/5/2014 Wall St set to fall on earnings, China worries; data due NEW YORK (Reuters) - U.S. stocks were set to fall at the open Tuesday weighed by earnings such as Target's, and as growth in China's service sector slowed to a nine-year low in July, stoking worries over the health of the world's second-biggest economy. Strong earnings lift Europe shares; euro falls on PMIs LONDON (Reuters) - European shares eked out gains on Tuesday driven by upbeat earnings from a number of blue-chip companies, while the euro fell to the day's low after a broadly disappointing set of services activity data. AIG will not see abrupt course change: incoming CEO NEW YORK (Reuters) - Insurer American International Group will not see a sudden shift in strategy in coming months as its leadership changes, the company's incoming chief executive said on Tuesday. Exclusive: Wall Street banks take heart from leveraged loan exams NEW YORK (Reuters) - Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses. Toyota reliance on U.S. deepens as emerging markets falter TOKYO (Reuters) - Toyota Motor Corp's reliance on the U.S. market to drive record profits is deepening this year, its latest outlook showed, with strong sales of refurbished SUVs and Camry sedans expected to offset weakness in Thailand and other emerging markets. Samsung Electronics to pass fewer orders to China supplier in child labour response SEOUL (Reuters) - Samsung Electronics Co Ltd said it will do 30 percent less business with a parts supplier after uncovering employment of child workers at the China-based firm, marking the IT giant's strongest objection to the illegal practice to date. GM unit gets subpoena over subprime auto loans WASHINGTON/NEW YORK (Reuters) - The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday. Daimler says assisting Chinese authorities in investigation BEIJING/SHANGHAI (Reuters) - Daimler AG's luxury brand Mercedes-Benz said it is cooperating with China's anti-monopoly authorities over an investigation into unspecified matters, after local Chinese media reported the German automaker's Shanghai office had been raided. Macau casino workers demand bigger share of the winnings HONG KONG (Reuters) - Disgruntled casino workers are becoming a costly thorn in Macau's side. AIG profit rises, beats estimates on strong growth (Reuters) - Insurer American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit. Related Video Breakingviews: CA's hit for BES folly Need for speed drives Toyota's fuel cell investments Economic News China July official services PMI dips to 6-month low ECB's Draghi to meet EU Commission head Juncker on Wednesday: source 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