Career News 24/7: Before the Bell: U.S. futures imply weak open, S&P on track for down week

Friday, June 13, 2014

Before the Bell: U.S. futures imply weak open, S&P on track for down week

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06/13/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. futures imply weak open, S&P on track for down week

NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower on Friday as some positive corporate news supported markets, though ongoing violence in Iraq gave investors pause.

U.S. producer prices unexpectedly fall in May

WASHINGTON (Reuters) - U.S. producer prices unexpectedly fell in May as costs declined broadly, indicating inflation pressures remained benign.

BNP got high-level 2006 warnings on sanctions busting: report

PARIS (Reuters) - French bank BNP Paribas was warned in 2006 by a high-ranking U.S. Treasury official and in three reports by legal experts that it risked being penalized for breaking U.S. sanctions, according to Le Monde newspaper.

Drug-linked payouts: complex fix for Pfizer's next Astra bid?

LONDON (Reuters) - The world's biggest would-be drugs merger hit a wall last month but speculation about smart ways that Pfizer could yet seal a deal with AstraZeneca remains intense.

Ex-BP engineer wins new trial in Gulf of Mexico spill case

(Reuters) - An engineer convicted of obstructing justice in connection with the 2010 BP oil well blowout in the Gulf of Mexico won a new trial on Thursday.

Ackman seeks court ruling on Allergan special meeting

(Reuters) - William Ackman's Pershing Square Capital Management said it had filed a lawsuit seeking confirmation that its request to hold a special shareholder meeting of Allergan Inc AGN.N would not trigger Allergan's poison pill takeover defense.

Suzuki chairman says unclear when court may rule on row with Volkswagen

TOKYO (Reuters) - Suzuki Motor Corp Chairman Osamu Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen AG over their failed partnership.

BMW and Tesla executives meet to discuss electric cars

FRANKFURT (Reuters) - Executives from German carmaker BMW and U.S.-based Tesla Motors Inc met this week in a move which could lead to the creation of charging stations usable for different types of electric cars.

Ford lowers fuel economy rating for six vehicles

DETROIT (Reuters) - Ford Motor Co said on Thursday it was lowering the fuel economy ratings on six of its models, including a number of hybrids, and would reimburse owners for the difference.

Japan's Abe unveils plan to cut corporate tax rate to spur growth

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe unveiled a plan on Friday to cut the corporate tax rate below 30 percent in stages to help pull the economy out of two decades of sluggish growth and deflation.