Wednesday, August 19, 2015

Reuters Business Today: August 19, 2015

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Wednesday, August 19, 2015
Stock futures fall as China weighs; Fed minutes awaited
(Reuters) - U.S. stock index futures fell on Wednesday as Chinese stocks had another roller coaster ride and as investors await the minutes from last month's Federal Reserve meeting for clues on when interest rates will be increased.
Consumer prices rise modestly; shelter costs up solidly
WASHINGTON, (Reuters) - U.S. consumer prices rose slightly in July as gasoline and food prices increased
German lawmakers back Greek bailout despite record rebellion
BERLIN (Reuters) - German lawmakers voted in favor of a third Greek bailout on Wednesday despite a record rebellion among Chancellor Angela Merkel's own conservatives that suggested she would struggle to return to parliament to seek any further aid for Athens.
Target raises 2015 earnings forecast after profit jumps
CHICAGO (Reuters) - Target Corp on Wednesday reported a larger-than-expected rise in quarterly earnings as revenue got a boost from online sales and a program to narrow its product focus.
Craft brewers tap down resistance to Wall Street investors
NEW YORK (Reuters) - Brooklyn Brewery, the craft beer maker operating from New York City's most populous borough, resisted taking money from investment firms for almost three decades, according to co-founder and Chairman Steve Hindy. Now the brewer of Brooklyn Lager is having second thoughts.
Mortgage applications up in latest week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages rose last week as refinancing applications jumped, an industry group said on Wednesday.
Emerging markets rocky, dollar dips before Fed minutes
LONDON (Reuters) - Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders awaited minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans.
Lowe's sales beat on demand for appliances, outdoor equipment
(Reuters) - Lowe's Cos Inc , the No.2 U.S. home improvement chain, reported stronger-than-expected growth in its quarterly same-store sales, helped by higher demand for items such as appliances and outdoor power equipment.
Rise of new banks helps Kremlin keep Russia's economy afloat
MOSCOW (Reuters) - Four private banks with friendly ties with the Kremlin are emerging as big winners from Russia's economic crisis, helping out dollar-starved companies at a time when large state lenders are hampered by Western sanctions.
Citigroup to return $4.5 million more in fee overcharges
NEW YORK (Reuters) - Citigroup Global Markets Inc (CGMI), a unit of Citigroup Inc, has agreed with the New York attorney general to return $4.5 million in account management fees charged on some 15,000 frozen accounts.
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