Friday 23 August 2013

Business Today: Stock futures flat in wake of Nasdaq outage

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08/23/2013
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Stock futures flat in wake of Nasdaq outage
NEW YORK (Reuters) - Stock futures were little changed on Friday, a day after the Nasdaq stock exchange suffered a historic trading halt of roughly three hours as a result of technical problems.
Germany, Britain lead Europe's nascent economic recovery
BERLIN/LONDON (Reuters) - Germany confirmed on Friday it had enjoyed its fastest rate of economic expansion in more than a year in the second quarter, and Britain revised up its growth to the same rate.
Fed's Lockhart preparing to support QE3 reduction
(Reuters) - A centrist U.S. Federal Reserve official said on Friday he would back a reduction in asset purchases by next month if data between now and then shows a "sustainable picture" for economic growth, and doesn't suggest the economy will be knocked off course.
Goldman Sachs banker charged with rape in New York state
(Reuters) - A New York-based Goldman Sachs managing director was arrested and charged with raping a 20-year-old woman while on vacation in the up-market Hamptons resort in New York state.
Exclusive: Italy's Consob allege Monte Paschi misled regulator in 2012
MILAN/ROME (Reuters) - Italian stock market regulator Consob alleged earlier this year Banca Monte dei Paschi di Siena hindered the activity of regulators by providing incomplete or incorrect information in 2012, when its new management was already in charge.
UBS gives German tax cheats until end-2014 to own up
ZURICH (Reuters) - UBS , under pressure from the German government to clamp down on offshore tax evasion, has given clients from that country 16 months to own up to cheating or leave the bank.
Nasdaq CEO says resolved Thursday trading halt, sees no liability: CNBC
NEW YORK (Reuters) - Nasdaq OMX Group has resolved the technical issues that led to Thursday's trading halt, but cannot guarantee there would be no future problems, Chief Executive Officer Robert Greifeld said on CNBC television on Friday.
Analysis: Low inflation mystery could be a hitch in Fed's plans
WASHINGTON (Reuters) - There are many signs the United States is emerging from a quagmire of sluggish economic growth. The pace of inflation is not one of them.
Departed P&G CEO made five percent more last year as bonus rose
(Reuters) - Procter & Gamble Co said on Friday it paid Bob McDonald, the former chairman, president and chief executive who abruptly left last spring, nearly 5 percent more last year as the company's performance improved.
Electric carmaker Tesla hits roadblock in China over trademark
BEIJING/SHANGHAI (Reuters) - Popular electric carmaker Tesla Motors Inc's plans to enter the world's biggest auto market have stalled after a businessman in China claimed trademark rights to the name, people close to the California-based company have told Reuters.
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