Newsletter BOX: Before the Bell: U.S. durable goods post largest drop in nearly a year

08/26/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. durable goods post largest drop in nearly a year

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled, casting a shadow over the economy early in the third quarter.

Wall Street set to open little changed after dismal data

NEW YORK (Reuters) - U.S. stocks were set to open little changed on Monday after data showed a steep drop in orders for long-lasting manufactured goods last month.

Insight: Trades from 1990s come back to haunt Wall Street

(Reuters) - In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks for reasons that have little to do with their employees' longevity.

Exclusive: T. Rowe bans some American Airlines employees from fund trading

NEW YORK (Reuters) - T. Rowe Price Group has permanently banned about 1,300 American Airlines employees from trading among its funds in their 401(k) retirement plans, a rare move to curb "collective" trading by subscribers to an investment newsletter.

Analysis: Spending on cars, homes threatens apparel sales as holidays approach

(Reuters) - Even with consumer confidence at a six-year high, retailers ranging from Target Corp to Macy's Inc are competing not only with each other but are also having to adapt to shifting spending patterns.

Head of Russia's Uralkali met Belarus PM before detention: Uralkali

MOSCOW (Reuters) - Belarusian authorities detained the head of Russia's top potash producer Uralkali after he met with Prime Minister Mikhail Myasnikovich, a spokesman for the Russian firm said on Monday.

Fukushima operator to seek foreign advice on toxic water

HIRONO, Japan (Reuters) - Tokyo Electric Power Co, the operator of the stricken Fukushima nuclear plant, said it would invite foreign decommissioning experts to advise it on how to deal with highly radioactive water leaking from the site, and Japan signaled it may dip into a $3.6 billion emergency reserve fund to help pay for the clean-up.

India's ONGC to buy $2.64-billion stake in Anadarko Mozambique gas block

MUMBAI/NEW YORK (Reuters) - India's Oil and Natural Gas Corp has agreed to buy 10 percent in a gas field offshore Mozambique from Anadarko Petroleum Corp for $2.64 billion, as the explorer looks to offset diminishing supplies from domestic gas fields by buying overseas assets.

Fiat Industrial says Tobin to be CNH Industrial CEO after merger

MILAN (Reuters) - Fiat Industrial said on Monday its Chief Operating Officer Richard Tobin would run CNH Industrial, the new company that will be formed CNH in the autumn.

Weidmann urges governments not to rely on ECB to solve crisis

BERLIN (Reuters) - European Central Bank Governing Council member Jens Weidmann urged governments not to rely on the ECB to solve their problems, saying the central bank would do best by sticking to its mandate.