Business Today: Futures jump as Summers withdraws from Fed race

		Click to View in Browser 09/16/2013 Futures jump as Summers withdraws from Fed race NEW YORK (Reuters) - U.S. stock index futures soared on Monday as investor bet that the exit of Lawrence Summers as a candidate for chairman of the Federal Reserve could mean a slower scaling back of monetary stimulus by the U.S. central bank. Bombardier's all-new CSeries prepares for maiden flight MIRABEL, Quebec (Reuters) - Bombardier Inc carried out final preparations for the maiden flight of its CSeries on Monday, hoping to translate its ambitions to shatter an Airbus and Boeing duopoly into faster sales of Canada's most ambitious jet. Packaging Corp offers to buy Boise for $1.28 billion (Reuters) - Packaging Corp of America said it would acquire smaller rival Boise Inc for about $1.28 billion to boost its container board capacity. Former Obama aide Summers withdraws from Fed chair consideration WASHINGTON (Reuters) - Former Treasury Secretary Lawrence Summers withdrew on Sunday from consideration to succeed Federal Reserve Chairman Ben Bernanke after fierce opposition from within the Democratic Party hurt his chances of being confirmed in Congress. Danone milk powder brand named in China TV expose SHANGHAI (Reuters) - The official China Central Television (CCTV) said on Monday that French food group Danone SA had bribed doctors and nurses to recommend its Dumex milk powder brand at a hospital in a northern Chinese city. Roche picks Lufthansa boss Franz as new chairman ZURICH (Reuters) - Roche has picked Deutsche Lufthansa Chief Executive Christoph Franz to succeed Franz Humer as chairman of its board, filling the top post at a time of change for the world's biggest maker of cancer drugs. Chrysler IPO to bring shareholder battle to a head MILAN (Reuters) - U.S. carmaker Chrysler plans to file documents this week that would allow its minority investor to sell shares in a stock market listing, bringing to a head a battle with majority owner Fiat which wants to take full control of the business. Analysis: China eyes private funds to tackle bad-debt buildup, avoid bailout SHANGHAI/BEIJING (Reuters) - Faced with a chorus of warnings that China risks choking on bad debts, Beijing is pushing banks to raise private capital in an effort to head off the need for a second government bailout in as many decades. Ford to install electric vehicle charging stations for employees DETROIT (Reuters) - Ford Motor Co said on Monday it will install charging stations at more than 50 of its U.S. and Canadian offices and plants so that employees can refill their electric vehicle batteries at work. Former Obama aide Summers withdraws from Fed chair consideration WASHINGTON (Reuters) - Former Treasury Secretary Lawrence Summers withdrew on Sunday from consideration to succeed Federal Reserve Chairman Ben Bernanke after fierce opposition from within the Democratic Party hurt his chances of being confirmed in Congress. Related Video Will China's crackdown create a Weibo ghost town? Reuters Today: Markets cheer Summers' fall Economic News Geithner still not interested in being Fed chair: source 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