Business Today: U.S. housing starts, permits fall; trend points to recovery

		Click to View in Browser 12/16/2014 U.S. housing starts, permits fall; trend points to recovery WASHINGTON, (Reuters) - U.S. housing starts and permits fell in November, but the underlying trend remained Stock futures tumble as oil, rouble slide further NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets. World set to end year in brittle economic state LONDON/SYDNEY (Reuters) - The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. Honda to recall more than 500,000 cars in China due to Takata air bags BEIJING (Reuters) - Chinese authorities said on Tuesday that Honda Motor Co. and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan's Takata Corp.. Oil drops below $59 for first time since 2009 LONDON (Reuters) - Oil fell below $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand. Navistar posts larger-than-expected quarterly loss (Reuters) - Navistar International Corp on Tuesday reported a larger-than-expected loss, pulled down by restructuring and product warranty costs. Ford India to recall 20,752 EcoSport cars to inspect corrosion concerns MUMBAI (Reuters) - Ford Motor Co's India unit on Tuesday said it will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapor line corrosion in the long-term. China industrial activity shrinks in December, calls grow for more stimulus BEIJING (Reuters) - Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. Sony Pictures warns staff on fraudsters misusing stolen data (Reuters) - Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources SINGAPORE/HONG KONG (Reuters) - Standard Chartered has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said. Related Video Oil price fall not all bad news for emerging markets Not all merry and bright in China's manufacturing sector Economic News U.S. housing starts, permits fall; trend points to recovery Scramble for safety as ruble, oil sink 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