Newsletter BOX: Business Today: Futures climb on China data as Syria fears ease

09/10/2013

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Futures climb on China data as Syria fears ease

NEW YORK (Reuters) - U.S. stock index futures climbed on Tuesday, putting the S&P 500 on track for a sixth day of gains, following another batch of rosy economic data out of China and as expectations eased about a Western military strike against Syria.

Apple expected to unveil iPhone to drive emerging market sales

CUPERTINO, California (Reuters) - Apple Inc is expected to introduce a cheaper version of the iPhone on Tuesday, bringing one of the industry's costliest smartphones within reach of the masses in poorer emerging markets.

Goldman, Nike, Visa to join Dow; Alcoa, HP, BofA out

NEW YORK (Reuters) - Investment bank Goldman Sachs Group Inc. , credit card company Visa Inc. , and footwear Nike Inc. will join the blue chip Dow Jones Industrial Average , the index managers said Tuesday, replacing Alcoa Inc. , Bank of America Corp. and Hewlett-Packard Co. .

U.S. small business confidence slips in August

WASHINGTON (Reuters) - U.S. small business optimism dipped in August as owners worried about the economy's near-term outlook, but gains in sales expectations and hiring plans hinted at a pick-up in the pace of economic growth.

Homeowners underwater on mortgages falls in second quarter: CoreLogic

NEW YORK (Reuters) - Rising home prices drove down the number of U.S. homeowners struggling with underwater mortgages in the second quarter, leaving 14.5 percent of residential properties with a mortgage in negative equity, a report from CoreLogic showed on Tuesday.

Strong sales in Europe help McDonald's in August

(Reuters) - McDonald's Corp reported a better-than-expected 1.9 percent increase in global sales at established restaurants in August, helped by stronger sales in Europe.

Ford Focus electric car probed in U.S. for stalling while driving

DETROIT (Reuters) - U.S. safety regulators are investigating incidents of stalling in Ford Motor Co Focus electric cars after receiving 12 consumer complaints.

Marathon Oil to sell stake in Angolan field for $590 million

(Reuters) - Marathon Oil Corp said it plans to sell its stake in an oil and gas field offshore Angola for about $590 million as part of an asset disposal program aimed at shoring up its balance sheet and funding exploration and development projects.

No need for German-style works council at U.S. plant: Daimler

FRANKFURT (Reuters) - Daimler sees no need for a German-style works council at its U.S. plant in Tuscaloosa, the production chief for the carmaker's Mercedes brand said on Tuesday.

Exclusive: EU lawyers say transaction tax plan is illegal

LONDON (Reuters) - A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc's lawyers have concluded, dealing what could be a final blow to the measure as proposed.