Business Today: Stock futures imply sharp drop at open, government shutdown looms

		Click to View in Browser 09/30/2013 Stock futures imply sharp drop at open, government shutdown looms NEW YORK (Reuters) - U.S. stock index futures pointed to a sharply lower open on Monday as a last-minute deal to resolve a budget battle in Washington appeared less likely, increasing the chances of a partial government shutdown. OZ Minerals says received no bid from Glencore MELBOURNE (Reuters) - OZ Minerals Ltd said on Monday it had not been approached by Glencore Xstrata with any offer, dismissing a British newspaper report that said Glencore was weighing a 750 million pound ($1.2 billion) bid for the Australian copper miner. Wall Street banks likely stung again by bad bond-trading quarter NEW YORK (Reuters) - Wall Street banks have had another rough quarter in bond trading thanks to the U.S. Federal Reserve, and it might get worse before it gets better. Siemens' new CEO riles labor reps with news of job cuts MUNICH/FRANKFURT (Reuters) - Weekend news of 15,000 job cuts at Germany's Siemens has put the German engineering group's new chief executive, Joe Kaeser, on a collision course with workers' representatives only two months after he took the helm. BMW, Hyundai and Kia recall over 180,000 cars in China BEIJING (Reuters) - BMW , Hyundai Motor Co and Hyundai's affiliate Kia Motors Corp are recalling a total of 181,492 cars in China, the country's quality watchdog said on Friday. GSK sells thrombosis drugs to Aspen for $1 billion LONDON (Reuters) - Britain's biggest drugmaker GlaxoSmithKline agreed the 700 million pounds ($1.13 billion) sale of its thrombosis drug brands and a related factory to Aspen Pharmacare , as part of its strategy to focus on growth products. AstraZeneca CEO gets two cheers after first year in job LONDON (Reuters) - Fixing ailing drugmaker AstraZeneca remains a work in progress for Chief Executive Pascal Soriot, with sales and profits still heading firmly downhill after his first year in the job. Rosneft offers lowball $1.5 billion for TNK-BP minorities MOSCOW (Reuters) - Oil group Rosneft is to buy the remaining shares in TNK-BP Holding for a fraction of the price it paid BP and a group of oligarchs for their stakes, in a worrying development for minority shareholders in Russian companies. Investors cut U.S. stocks, bonds on policy uncertainty LONDON (Reuters) - Global investors cut allocation to U.S. equities and bonds this month as uncertainty about U.S. monetary and fiscal policies grew, a Reuters poll showed on Monday. Pharma industry should support China curbs on corruption: Sanofi CEO MUMBAI (Reuters) - The pharmaceutical industry should support the Chinese government's efforts to curb corruption, French drugmaker Sanofi's Chief Executive Chris Viehbacher said on Monday. Related Video European dream is relevant, with adjustments–Saxo Bank CEO Breakingviews: Does Berlusconi chaos mask silver lining? Economic News Congress in game of chicken as shutdown looms After years of crop crises, U.S. harvest beckons new era of plenty...almost 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