Business Today: Futures off on global growth worries; FedEx weighs

		Click to View in Browser 09/5/2012 Futures off on global growth worries; FedEx weighs NEW YORK (Reuters) - Stock index futures fell on Wednesday on concerns over global economic growth after data suggested weakness in the euro zone's private sector, and economic bellwether FedEx cut its profit forecast. Second-quarter productivity raised, wage inflation muted WASHINGTON (Reuters) - U.S. nonfarm productivity increased at a much faster clip than previously thought in the second quarter as businesses squeezed more output from employees, government data showed on Wednesday. Microsoft, Nokia pin hopes on new Lumia as mobile war escalates HELSINKI/NEW YORK (Reuters) - Nokia and Microsoft Corp will take the wraps off the struggling European company's most powerful smartphone on Wednesday, in what may be their last major shot at winning back a market lost to Apple, Samsung and Google. EU prepares for clampdown on Libor-style indexes BRUSSELS (Reuters) - The EU executive opened talks with the financial industry on Wednesday on how to impose curbs on financial market benchmarks and indexes, marking the start of a regulatory clampdown following rigging in London's inter-bank lending market. Joining EU, Croatia aims for historic unification DUBROVNIK, Croatia (Reuters) - Beneath the bell tower in Dubrovnik, behind the cold stone walls of the city's state archive, there is a map drawn by hand depicting an age of empires. DOJ language crushes BP oil spill settlement hopes LONDON (Reuters) - Hopes BP can settle early out of court on liability for its 2010 U.S. Gulf oil spill looked forlorn on Wednesday after U.S. prosecutors laid out a legal case for gross negligence on which tens of billions of dollars hang. Analysis: ResCap bidders line up for rare subprime mortgage sale NEW YORK (Reuters) - Mortgage lender Residential Capital is poised to reap billions in a bankruptcy auction of its assets next month - an unusual turn for a subprime lender in Chapter 11. UK banks face rules to curb mis-selling incentives LONDON (Reuters) - Britain's banks have 18 months to stamp out incentives that encourage the mis-selling of financial products or face "intrusive" action, the Financial Services Authority said on Wednesday. OECD says ECB should support Spain MADRID (Reuters) - The European Central Bank should support countries like Spain, which are carrying out necessary adjustments, the secretary-general of the Organisation for Economic Cooperation and Development (OECD) said on Wednesday in a radio interview. Airbus fights exclusion from U.S. aerospace lobby WASHINGTON (Reuters) - Airbus has clashed with the U.S. aerospace industry over whether it should be allowed to join its top domestic lobbying group, weeks after announcing plans to set up jet assembly in Alabama. Related Video U.S. Morning Call: Microsoft, Nokia all in with Lumia Fix bankers' incentives, don't threaten jail - UK regulator Economic News Manufacturing another headache for U.S. economy Second-quarter productivity raised, wage inflation muted 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