Business Today: Stock futures tick lower; S&P 500 at closing record

		Click to View in Browser 12/30/2014 Stock futures tick lower; S&P 500 at closing record NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Tuesday, suggesting the market's recent trend of slight moves and low volume would continue in the next-to-last trading day of the year. Oil hits five-and-a-half-year low below $57 on supply glut LONDON (Reuters) - Brent crude oil fell to a 5-1/2-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports. Foreign automakers taken to task in China over dealers' bloated inventories SHANGHAI (Reuters) - Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in demand. Small U.S. firms may struggle with new UPS, FedEx dimensional prices CHICAGO (Reuters) - United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping. Exclusive: U.S. agency gives quiet nod to light oil exports - sources WASHINGTON (Reuters) - The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. Credit Suisse to fight New York mortgage securities case ZURICH (Reuters) - Credit Suisse Group AG has signaled that it intends to fight a U.S. lawsuit that accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued. Hyundai Motor to build two China plants amid slowing economy SEOUL (Reuters) - Hyundai Motor Co said on Tuesday it would build two factories in China, its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows. Petrobras says probe may implicate pension fund; cuts off contractors RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the scheme. Former Chrysler unit recalls 66,819 older pickups for clutch issue DETROIT (Reuters) - FCA US, the former Chrysler Group, said on Monday it is recalling almost 67,000 older-model pickup trucks equipped with manual transmissions globally for possible clutch problems that have been linked to one death. In-store pickup does not save U.S. shoppers much time: study SAN FRANCISCO (Reuters) - Major U.S. retailers including Target Corp and Toys 'R Us have begun allowing shoppers to collect online purchases at their brick-and-mortar stores, but a study shows the option often saves little, if any, time over in-store shopping. Related Video Euro zone: do or die in 2015? Can UK's bad banks turn over new leaf? Economic News Oil hits five-and-a-half-year low below $57 on supply glut Stock futures tick lower; S&P 500 at closing record 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