PARIS, Sept 18 (Reuters) – Dow Futures pointed
to a slightly lower open on Wall Street on Tuesday, with futures
for the S&P 500 (SNP: ^GSPC – news) down 0.18 percent, Dow Jones (DJI: ^DJI – news)
futures down 0.24 percent and Nasdaq 100 (Nasdaq: ^NDX – news) futures down
0.17 percent at 0918 GMT.
* European shares and the euro fell on Tuesday as investors
turned their attention from central bank stimulus to slowing
global growth and uncertainty about Spain’s desire for an
international aid package.
* Advanced Micro Devices Inc (NYSE: AMD – news) said Chief Financial
Officer Thomas Seifert was leaving the struggling personal
computer chipmaker to pursue other opportunities, sending its
shares down almost 12 percent in late trade on Monday.
* Dole Food Company Inc (NYSE: DOLE – news) will sell two businesses to
Itochu Corp (Other OTC: ITOCF.PK – news) for $ 1.7 billion in cash – a deal that will
help the world’s largest fruit and vegetable producer pay down
its heavy debt load while expanding Itochu’s food presence in
new markets such as China.
* The increasing number of technological snafus at exchanges
and trading firms highlights the need for more stringent risk
controls at all levels of the high-speed trading cycle, the
Federal Reserve Bank of Chicago said on Monday.
* Time Warner Cable Inc (NYSE: TWC – news) has put a process in motion
to sell its stake in wireless service provider Clearwire Corp
, according to a regulatory filing.
* A U.S. regulation that limits how much of its own capital
a bank can put at risk is causing headaches for Morgan Stanley (EUREX: DWDF.EX – news)
as it prepares to raise a new multi-billion-dollar global
infrastructure fund, people familiar with the situation said.
* European car sales fell 8.5 percent in August, for an 11th
straight monthly decline led by Ford (NYSE: F – news) , General Motors (NYSE: GM – news)
and Fiat (Milan: F.MI – news) and mid-market brands bore the brunt of
the slump in markets including Italy, France and Germany.
* On the macro front, investors awaited the second-quarter’s
current account deficit, due at 1230 GMT, as well as the NAHB
September housing market index, due at 1400 GMT.
* U.S. stocks fell on Monday in light trading after a rally
that drove the S&P 500 last week to its highest level in nearly
five years and as falling oil prices hit energy shares.
* The Dow Jones industrial average slipped 40.27
points, or 0.30 percent, to end at 13,553.10. The Standard &
Poor’s 500 Index shed 4.58 points, or 0.31 percent, to
1,461.19. The Nasdaq Composite Index dropped 5.28
points, or 0.17 percent, to close at 3,178.67.