  | | | | | NEW YORK (Reuters) - Stocks closed out a second straight session of thin trading on Wednesday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help contain the euro zone's debt crisis. | | |  | | | | | WASHINGTON (Reuters) - Nonfarm productivity increased at a much faster clip than initially thought in the second quarter as businesses largely held the line on hiring even as output rose, helping to keep inflation pressures tamped down. | | | |  | | | | | (Reuters) - Shares of BlackRock, the world's largest money manager, are undervalued by about 20 percent even if the firm has to cut fees on its popular iShares line of exchange-traded funds, according to an analyst report issued on Wednesday. | | | |  | | | | | WASHINGTON (Reuters) - China's state-owned oil company CNOOC has formally asked the U.S. government to review its $15.1 billion takeover bid for Canada's Nexen for potential national security concerns, a CNOOC spokesman said on Wednesday. | | | |  | | | | | NEW YORK (Reuters) - A fourth London-based JPMorgan Chase trader is under scrutiny in the investigation by U.S. authorities into the bank's nearly $6 billion trading loss, according to sources familiar with the situation. | | | | | | | WASHINGTON (Reuters) - The World Bank on Wednesday named Kaushik Basu, an Indian national who previously advised the Indian government, as its chief economist, placing a candidate from an emerging market country in a key position at the global development lender. | | | |  | | | | | WASHINGTON (Reuters) - Further budget cuts could prompt top U.S. defense officials to rethink their current position opposing additional consolidation among top-tier U.S. defense contractors, Northrop Grumman Corp Chief Executive Wes Bush told Reuters on Wednesday. | | | | | | | NEW YORK (Reuters) - General Growth Properties Inc's board is interviewing potential financial advisers, a week after activist investor Bill Ackman urged the No. 2 U.S. mall owner to consider putting itself up for sale, two sources familiar with the matter said on Wednesday. | | |  | | | | | FRANKFURT (Reuters) - German airline Lufthansa said it would be open to mediation but held out little hope of success as a Friday strike threat loomed in an escalating fight with cabin crew over pay and conditions. | | |  | | | | | DETROIT (Reuters) - Kia Motors Corp's share of the U.S. new-car market is on pace to finish at 4 percent, a top U.S. executive said on Wednesday. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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