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Futures up as China fears ease; U.S. private jobs data eyed

- U.S. stock index futures rose on Wednesday after fresh intervention from China to support its markets helped calm jittery investors, and ahead of U.S. private employment data.

Recent Business News

Oil extends losses on weak economic outlook

LONDON - Oil prices fell on Wednesday as concerns about the global economy exacerbated worries that an oversupply of crude could last longer than expected.

7:48am EDT

Citi sells Hungary consumer banking business to Erste Group

- Citigroup Inc agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG as the third-biggest U.S. bank by assets continues to divest non-core operating businesses.

5:11am EDT

Japan lawmakers urge bourse, regulators to be tough on Toshiba

TOKYO - Japanese lawmakers on Wednesday called for a tough regulatory response to Toshiba Corp's second postponement of its annual results over accounting woes, saying the scandal could erode foreign investor confidence.

VW's CEO Martin Winterkorn set to stay on for three more years

FRANKFURT - The executive committee of Volkswagen's supervisory board has proposed extending Martin Winterkorn's contract as chief executive until the end of 2018, the company said on Tuesday, opening the door to the appointment of an outsider as chairman.

7:40am EDT

GM expects India business to be profitable in five years

NEW DELHI - General Motors Co expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker's country chief told Reuters.

8:06am EDT

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