Business Today: Stock futures little changed with eyes on Washington talks

		Click to View in Browser 10/11/2013 Stock futures little changed with eyes on Washington talks NEW YORK (Reuters) - U.S. stock index futures were little changed on Friday, on the heels of the biggest rally since the first trading day of the year, as talks continued in Washington to end a fiscal stalemate that has shut down the government for days. G20 hopes grow for U.S. deal to avert default WASHINGTON (Reuters) - Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a U.S. default at talks on Friday as hopes grew that Washington could soon clinch a stop-gap deal to ensure it can keep paying its bills. JPMorgan posts first quarterly loss under Dimon (Reuters) - JPMorgan Chase & Co on Friday posted its first quarterly loss under Chairman and CEO Jamie Dimon after a tangle of legal and regulatory probes cost the biggest U.S. bank $7.2 billion. Wells Fargo's profit rises, but mortgage banking income falls (Reuters) - Wells Fargo & Co , the biggest U.S. mortgage lender, reported a 13 percent rise in third-quarter profit, but its mortgage banking income fell sharply as the refinancing boom began to fade. U.S. debt deal hopes lift world shares, dollar fades LONDON (Reuters) - Firming hopes of a U.S. deal to ensure the country does not default on its debt lifted world shares for a second day on Friday and left the dollar on course for its first weekly rise in five. U.S. soon to overtake Russia as top oil producer LONDON (Reuters) - The United States will become the world's largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the global energy landscape, the West's energy watchdog said on Friday. Del Monte Pacific buys U.S. canned food business for $1.7 billion SINGAPORE (Reuters) - Singapore-listed Del Monte Pacific Ltd will buy the canned food business of private equity-backed Del Monte Foods Consumer Products Inc for $1.7 billion, gaining a direct presence in the key U.S. market and reuniting a substantial portion of the Del Monte brand family. IMF wants central banks to oversee markets with government supervision BERLIN (Reuters) - Central banks should be independent in setting monetary policy but they should also be tasked with monitoring financial market stability under political supervision, the International Monetary Fund's (IMF) chief economist said. Fed officials split on policy, united on default danger ST LOUIS/ BOISE, Idaho (Reuters) - While officials of the Federal Reserve have sparred over whether the U.S. central bank should continue full-bore with its massive bond-buying stimulus, two Fed officials with differing policy views agreed on Thursday that a national debt default could have devastating effects. Analysis: Lawsuits likely as EPA declares US ethanol blend wall a 'reality' NEW YORK (Reuters) - With two words, the U.S. environment regulator may be handing oil refiners the biggest win of a long battle to beat back the seemingly inexorable rise of ethanol fuel. Related Video Breakingviews: Lloyds can't get cocky over Royal Mail IPO Just in case… 5 ways to hedge a U.S. default Economic News Obama, Republicans aim to end crisis after meeting, hurdles remain Analysis: Questions Yellen will likely face for Fed confirmation 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