Business Today: Stock futures pare gains to trade flat after McDonald's earnings

		Click to View in Browser 07/22/2013 Stock futures pare gains to trade flat after McDonald's earnings NEW YORK (Reuters) - Stock index futures pared gains to trade flat on Monday, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high on Friday. Glaxo says executives appear to have broken Chinese law LONDON/SHANGHAI (Reuters) - British drugmaker GlaxoSmithKline said on Monday some of its executives in China appeared to have broken the law in a bribery scandal, as it promised changes in its business model that would lower the cost of medicine in the country. McDonald's says full-year results 'challenged' by flat sales (Reuters) - McDonald's Corp warned that full-year results would be "challenged" in the face of falling sales in Europe, its biggest market, and growing competition from smaller fast-food rivals in the United States. Insight: Wall Street reshapes commodities business to fend off regulation NEW YORK (Reuters) - Wall Street's most powerful banks have accelerated efforts to transform the structure and focus of their commodity trading desks to preserve their multibillion-dollar empires from tightening regulation. Hasbro profit hurt by weak demand for boys' toys (Reuters) - Hasbro Inc , home to brands such as G.I. Joe, Nerf and Mr. Potato Head, posted a lower-than-expected quarterly profit Monday on weak demand for its toys for boys, becoming the third toymaker to fall short of Wall Street expectations in the second quarter. Busy global oilfields shield Halliburton from U.S. gas glut (Reuters) - Halliburton Co , the world's second-largest oilfield services company, posted higher-than-expected quarterly profit as it made headway outside its home U.S. market, which has been turned upside down by a natural gas glut. BOJ Sato: government needs to deliver on fiscal reform FUKUSHIMA, Japan (Reuters) - Japan's government must push through reforms to restore the country's tattered finances to help ensure a sustained economic recovery, a central bank board member said on Monday, adding a planned sales tax hike was needed to control huge public debt. Kimberly-Clark profit beats, sales miss (Reuters) - Kimberly-Clark Corp , best known for its Kleenex tissues, posted a higher-than-expected quarterly profit on Monday, as cost savings helped offset the negative impact of foreign exchange rates. China committed to reforms, to take decisive steps: vice premier BEIJING (Reuters) - China remains committed to steering its economy towards consumption as the main growth driver, and away from investment and exports, and will fine-tune policies to deal with any prolonged slowdown, Vice Premier Zhang Gaoli was quoted on Monday as saying. UBS profit tops forecast despite charge to settle suit ZURICH (Reuters) - UBS said its second-quarter profit beat forecasts, even after an 865 million Swiss franc ($920 million) charge to settle a U.S. lawsuit and other matters, and that its flagship private bank was continuing to win new customers. Related Video U.S. Morning Call: Facebook on 100 million phones Breakingviews: UBS tackles its past, G20 tackles tax-dodging Economic News Factory, labor market data offer bright signs for economy U.S. economic growth gauge rises to highest since April 2011: ECRI 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