Rebalance of Russell index to bring volume surge at quarter-end
Investors accustomed to late market volatility at the end of the quarter should expect an extra jolt on June 28, when billions of dollars in stock trades will be executed in less than two seconds,when Russell Investments sets the final update for the annual reconstitution of its indexes.
http://feeds.reuters.com/~r/reuters/businessNews/~3/7gVaeqDDeEk/story01.htm
G8 pledges action on tax evasion, few concrete measures
The world’s rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit. A group of Eight leaders signed up for a list of aims including improving the transparency of who owns shell companies and deepening information-sharing between tax authorities.
http://feeds.reuters.com/~r/reuters/businessNews/~3/qL00BnTUYiM/story01.htm
United Technologies told to pay $473 million to U.S. in lawsuit
A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s.
http://feeds.reuters.com/~r/reuters/businessNews/~3/n-oYq_S5jHc/story01.htm
Stock futures tick up, all eyes on Fed
Stock futures edged higher, trading in a tight range ahead of the start of a highly anticipated Federal Reserve meeting.
http://feeds.reuters.com/~r/reuters/businessNews/~3/YYhPylRrSPQ/story01.htm
Adidas targets record soccer sales in World Cup year
German sportswear maker Adidas expects sales from its soccer division to break the 2 billion euro ($2.7 billion) barrier for the first time in 2014, when the World Cup is played in Brazil.
http://feeds.reuters.com/~r/reuters/businessNews/~3/szI1kVpLFX8/story01.htm