Newsletter BOX: Business Today: Stock futures fall further on Syria tension

08/27/2013

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Stock futures fall further on Syria tension

NEW YORK (Reuters) - Stock futures fell further on Tuesday after Western powers told the Syrian opposition to expect a strike against President Bashar al-Assad's forces within days, according to sources who attended a meeting between envoys and the Syrian National Coalition in Istanbul.

Tiffany's strong China sales offset tepid Americas business

(Reuters) - Tiffany & Co's strong sales in China and higher prices helped mitigate disappointing business in its home market in the second quarter, leading the U.S. jeweler on Tuesday to raise its profit forecast for the year.

Ex-JPMorgan executive released after arrest in Spain: court source

MADRID (Reuters) - Former JPMorgan employee Javier Martin-Artajo, who was arrested by Spanish police earlier on Monday in connection to a trading scandal at the bank, has been released from custody, according to a Spanish court source.

Ackman turns back on J.C. Penney, sells entire stake in retailer

(Reuters) - Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed.

German business sentiment surges to highest in 16 months

BERLIN (Reuters) - German business sentiment surged to its highest level in 16 months in August, driven by a pickup in the manufacturing sector, and suggesting Europe's largest economy is gaining momentum following strong growth in the second quarter.

Planemakers eye replacement sales at Russian air show

MOSCOW (Reuters) - The world's top aircraft makers, scenting a major opportunity in replacing ageing Russian air fleets, will be touting their wares at Moscow's MAKS air show this week in the hope of winning a big slice of that multi-billion dollar market.

Russia fiercely rebukes Belarus for detaining potash boss

MINSK/MOSCOW (Reuters) - Belarus detained the head of Russia's Uralkali , the world's top potash producer, and threatened to seize its assets in the country on Monday, drawing a fierce rebuke from Moscow in an escalating dispute over the collapse of a cartel.

Russia warns Belarus over arrest of potash boss

MOSCOW/MINSK (Reuters) - Russia put pressure on Belarus on Tuesday to release the head of Russian miner Uralkali , the world's largest potash producer, a day after he was arrested following talks with the Belarussian prime minister.

China appliance makers flip the retail switch to survive

HONG KONG (Reuters) - Chinese white goods makers like Haier Electronics Group Co Ltd are muscling in on their distributors and expanding into logistics and e-commerce in a bid to win the fierce battle for margins in the world's biggest home appliance market.

McDonald's Japan appoints new leader as sales slump

TOKYO (Reuters) - McDonald's Holdings Co (Japan) Ltd replaced on Tuesday the president and CEO of its operating company after its first-half sales and profits dropped as higher prices put off customers.