Career News 24/7: Before the Bell: Wall St. to open flat after six-day run, mixed overseas data

Monday, June 23, 2014

Before the Bell: Wall St. to open flat after six-day run, mixed overseas data

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06/23/2014

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

Wall St. to open flat after six-day run, mixed overseas data

NEW YORK (Reuters) - U.S. stocks were set to open little changed on Monday after a six-day rally in the benchmark S&P 500, as upbeat manufacturing data in China was offset by soft readings on business activity in Europe.

American Apparel board rejects demand to meet Charney: source

(Reuters) - The independent directors of maverick retailer American Apparel Inc have rejected a demand to meet and reinstate ousted CEO Dov Charney on Monday, a source close to the matter said.

China, Japan manufacturing grows again, euro zone falters

TOKYO (Reuters) - Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider euro zone, surveys showed on Monday.

Alstom loss is PR win for new Siemens chief

MUNICH/FRANKFURT (Reuters) - Within weeks of taking the helm at Siemens in 2007, Peter Loescher splashed out $7 billion for U.S. diagnostics firm Dade Behring. It was the first of several acquisitions that went bad and ultimately cost the Austrian his job.

Oracle to buy Micros Systems in $5.3 billion deal

(Reuters) - Oracle Corp ORCL.N said it would buy Micros Systems MCRS.O in a $5.3 billion deal to expand its offerings for the hospitality and retail industries.

Merkel ally criticizes French over Alstom deal

BERLIN (Reuters) - A conservative ally of Chancellor Angela Merkel accused France on Monday of showing "ice-cold" national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy a large stake in the French firm.

Abe's 'drill bit' hits resistance on Japan labor reform

TOKYO (Reuters) - When Prime Minister Shinzo Abe vowed at the World Economic Forum in Davos to take a "drill bit" to the "solid rock" of vested interests in reforming Japan's economy, executives at companies such as General Electric and IBM paid attention.

After port fraud, China's vast warehouse sector under scrutiny

SYDNEY/SHANGHAI (Reuters) - Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.

Honda, others recall another 2.9 mln vehicles over air bag flaw

TOKYO/DETROIT (Reuters) - Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years.

BNP Paribas nears up to $9 billion settlement with U.S. authorities: source

(Reuters) - French bank BNP Paribas SA BNPP.PA is likely to pay $8 billion to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter.