Business Today: Stock futures dip on weak China, Europe data

		Click to View in Browser 09/20/2012 Stock futures dip on weak China, Europe data NEW YORK (Reuters) - U.S. stock index futures eased on Thursday as contraction in Chinese manufacturing and a downturn in Europe's service sector underscored the headwinds faced by the global economy, even as central banks aggressively step up stimulus measures. Jobless claims fall last week, but trend weak WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting some weakening in labor market conditions. "Forceful" QE3 needed to avoid stagnation: Fed's Rosengren QUINCY, Massachusetts (Reuters) - The Federal Reserve's "forceful" new policy accommodation is essential to get the U.S. recovery back on track and to avoid a damaging economic stagnation, a top U.S. Fed official said on Thursday. Samsung to add iPhone 5 to U.S. lawsuits vs. Apple SEOUL (Reuters) - Samsung Electronics Co said on Thursday it planned to add Apple's iPhone 5 to its existing patent lawsuits against the U.S. rival, a move that could lead to a preliminary sales injunction of the popular smartphone. Wen says both China and EU against trade protectionism BRUSSELS (Reuters) - Both China and the European Union reject trade protectionism, Chinese Premier Wen Jiabao said on Thursday after a summit meeting with EU leaders. BASF buys U.S. crop chemicals maker Becker Underwood FRANKFURT (Reuters) - The world's largest chemicals maker BASF SE agreed to take over U.S. crop protection company Becker Underwood from buyout firm Norwest Equity Partners for $1.02 billion to boost its farming pesticides division. UBS risk limits "didn't matter": ex-trader's lawyer LONDON (Reuters) - The culture at Swiss bank UBS when accused "rogue trader" Kweku Adoboli was working there was that risk limits could be exceeded as long as the bank was making money, Adoboli's defense lawyer told a London court on Thursday. PIMCO, DoubleLine, TCW big winners from Fed's QE3 assault NEW YORK (Reuters) - The Federal Reserve's move to stimulate the economy by buying mortgage securities is proving to be manna from heaven for three of the biggest players in the bond fund business: Pacific Investment Management Company, DoubleLine Capital and TCW. Euro zone slump deepens and China still wilts LONDON (Reuters) - Aggressive new policy from the European Central Bank has so far failed to boost ailing euro zone business, according to surveys that showed a widening chasm between sickly France and a more resilient Germany. EADS hopes for quick political decision on BAE plan BERLIN (Reuters) - European aerospace group EADS is looking for a quick decision from governments on its plan to merge with British defense company BAE Systems , as France and Germany hold meetings to discuss a common position on the proposed tie-up. Related Video U.S. Morning Call: 16,000 jobs on BofA chopping block Market Pulse: Spain pressure eases but euro gloom grinds on Economic News Jobless claims fall last week, but trend weak PIMCO, DoubleLine, TCW big winners from Fed's QE3 assault 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