Business Today: Stock futures slip after big gain Thursday; data due

		Click to View in Browser 08/17/2012 Stock futures slip after big gain Thursday; data due NEW YORK (Reuters) - Stock indexes edged lower on Friday, after enjoying its biggest gain in two weeks Thursday, ahead of reports on consumer mindset and a gauge of leading economic indicators. German backing for ECB action lifts stocks LONDON (Reuters) - Global shares continued to rally on Friday, with top European stocks hitting a 13-month high helped by apparent support from German Chancellor Angela Merkel for European Central Bank intervention to calm the euro zone's debt troubles. Insight: Goldman independent research arm dies, shunned by clients (Reuters) - Goldman Sachs Group Inc has given up trying to sell research from independent analysts to its institutional clients, after spending millions of dollars on distribution only to find that big money managers had little interest. Shareholder sues Wal-Mart to get Mexico bribery documents (Reuters) - An Indiana union pension fund that owns shares in Wal-Mart Stores Inc has sued the company to gain access to thousands of internal documents related to allegations that a Wal-Mart subsidiary bribed Mexican government officials. Insight: Auto insurers' driver tracking hits wall in California (Reuters) - California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Spain's bank bad loans hit record high in June MADRID (Reuters) - Spanish banks' bad loans rose to a record high in June as assets tied to the country's deflating property market soured further, keeping the financial sector at the forefront of investor concerns about the country's fragile economy. Commission wants ECB to supervise major euro banks: paper BERLIN (Reuters) - The European Commission will propose next month giving the European Central Bank supervision over all of the euro zone's major banks, German business newspaer Handelsblatt said on Friday, citing Commission sources. Nu Skin told not to use researcher's name WASHINGTON/NEW YORK (Reuters) - Stanford University has sent a "cease and desist" letter to Nu Skin Enterprises Inc asking the company to stop using a university researcher's name in its advertising, adding new scrutiny to the skin product maker's business claims and practices. India's aluminum export to rise 5 pct: Vedanta MUMBAI (Reuters) - India's aluminum exports could rise 5 percent in the current fiscal year to 325,000 tonnes, despite a slowdown in global demand, a senior industry official said, as falling prices have led rival global producers to cut production. Exclusive: China tightens lending rules for trusts, corporate bill market BEIJING/SHANGHAI (Reuters) - China is readying twin initiatives to curb opaque financing practices that threaten the stability of the country's $864 billion investment trust industry and booming corporate paper market, sources with direct knowledge of the plans told Reuters. Related Video Market Pulse: Brent bears the brunt as US mulls oil release U.S. Morning Call: Stock futures mixed; Facebook reeling Economic News Fed hawks make case against further easing U.S. says takes steps to wind down Fannie Mae and Freddie Mac 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend