Newsletter BOX: Business Today: Futures rise in choppy trade after data

09/6/2013

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Futures rise in choppy trade after data

NEW YORK (Reuters) - U.S. stock index futures added to gains on Friday after data showed U.S. job growth was less than expected in August and the unemployment rate dropped to a 4-1/2 year low as workers gave up their job search.

U.S. job growth misses expectations, may delay Fed tapering

WASHINGTON (Reuters) - U.S. job growth was less than expected in August and the unemployment rate dropped to a 4-1/2 year low as workers gave up the search for work, which could delay the Federal Reserve scaling back its massive monetary stimulus later this month.

American Tower to buy Global Tower in $4.8 billion deal

(Reuters) - American Tower Corp said it would buy privately held MIP Tower Holdings LLC, the parent of telecom tower operator Global Tower Partners, in a $4.8 billion deal to take advantage of the roll-out of 4G wireless network in the United States.

Traders shift bets on first Fed rate hike to later in 2014

(Reuters) - Traders of short-term U.S. interest-rate futures on Friday boosted bets that the Federal Reserve will raise short-term borrowing costs later in 2014 after a government report showed the U.S. economy added fewer jobs than expected in August.

Fed can start tapering 'later this year,' says Evans

GREENVILLE, South Carolina (Reuters) - The U.S. Federal Reserve can begin winding down its bond-buying stimulus later this year as the economy improves, but will likely need to keep official interest rates near zero for another two years, Chicago Fed President Charles Evans said on Friday.

Volkswagen in talks with UAW on Tennessee plant workers

DETROIT (Reuters) - Volkswagen AG is in talks with the United Auto Workers because worker representation at the plant can only be realized by working with a U.S. trade union, the German carmaker's auto assembly plant manager in Chattanooga, Tennessee, said.

Smithfield Foods profit falls on weak exports

(Reuters) - Smithfield Foods Inc , the U.S. pork producer that has agreed to a $4.7 billion buyout by China's Shuanghui International Holdings, reported a 36 percent fall in quarterly profit, hurt by lower exports to key international markets such as Japan, China and Russia.

German July industry output falls 1.7 percent

BERLIN (Reuters) - - German industry output dropped by a more-than-expected 1.7 percent on the month in July, data showed on Friday, but a two-month average suggested that industry in Europe's largest economy is on the path to recovery.

China able to cope with Fed policy tapering: central bank head

BEIJING (Reuters) - China will be able to cope with a possible shock if the U.S. Federal Reserve opts to taper its stimulus policy, central bank chief Zhou Xiaochuan said in comments published on Thursday.

Analysis: Retailers look to click & collect online profits

BERLIN/PARIS (Reuters) - European retailers have gone back to bricks and mortar in the hope of turning their online food businesses profitable - racing to build pick-up points to capitalize on shoppers' increasing demand for "click and collect" grocery options.