Business Today: Stock futures climb, setting up Dow, S&P for fresh records

		Click to View in Browser 11/15/2013 Stock futures climb, setting up Dow, S&P for fresh records NEW YORK (Reuters) - U.S. stock index futures rose on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen, setting up the Dow and S&P 500 indexes for fresh record highs. Banks to repay 3.6 billion euros of crisis loans: ECB FRANKFURT (Reuters) - Banks will next week return 3.59 billion euros ($4.8 billion) of crisis loans early to the European Central Bank, the ECB said on Friday, a lower than expected total as a recent rate cut makes it more attractive to hold on to the funds for now. U.S. export prices fall in sign global economy doing poorly WASHINGTON (Reuters) - Prices for U.S. exports unexpectedly fell in October, a worrisome sign of global economic weakness, while the cost of imports into America declined due to a sharp drop in the price of oil. Shares head towards five year highs as Yellen backs easy Fed policy LONDON (Reuters) - World shares climbed back towards five-year highs on Friday as markets cheered a robust defense of the Federal Reserve's money printing by Janet Yellen, who is expected to take charge of the U.S. central bank next year. Bill Gates wants Norway's $800 billion fund to spend more in Africa, Asia OSLO (Reuters) - Philanthropist and Microsoft co-founder Bill Gates called on Norway's $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries, gaining the prime minister's support with his proposal. Former JPMorgan 'Whale' supervisor opposes U.S. extradition MADRID (Reuters) - A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain. Euro zone must have backstops before bank health checks: ECB BRUSSELS (Reuters) - Euro zone governments must put in place ways to financially support their banks in case they need more capital as a result of health checks by the European Central Bank next year, ECB Executive Board member Joerg Asmussen said on Friday. Jos. A. Bank terminates offer to buy Men's Wearhouse (Reuters) - Jos. A. Bank Clothiers Inc terminated its offer to buy Men's Wearhouse Inc , sending Men's Wearhouse shares down as much as 11 percent before the bell, although Jos. A. Bank did not rule out another bid for its larger rival in future. Japan exports seen rising at fastest in three years as demand recovers TOKYO (Reuters) - Japan's exports rose in October at their fastest pace in three years in a sign that overseas demand is picking up pace again, a Reuters survey showed, which could help ease concerns about the global economic recovery. VW group sales up 3.8 percent in October on North America, China BERLIN (Reuters) - Germany's Volkswagen said group vehicle sales increased 3.8 percent in October on demand from North America and China. Related Video Daily Digit: VW recalls 2.6 million cars Breakingviews: The bad smell of Spain's wage cuts Economic News U.S. export prices fall in sign global economy doing poorly Yellen says stronger job growth a Fed imperative 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