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Wall Street Week Ahead: Jobs data could spur Fed action on stimulus -

Traders work on the floor of the New York Stock ExchangeBy Richard Leong NEW YORK (Reuters) - Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchases in mid-September. Anxiety about the Fed possibly reducing its $85 billion monthly stimulus, also known as QE3, has hurt the stock market, which recorded its steepest monthly fall since May 2012. ...


Israel launches country's 'largest' satellite - JERUSALEM (AP) — Israel's main aerospace and defense company says it has launched into space the country's "largest and most sophisticated" communications satellite.
Lufthansa CEO says summer freight business fails to pick up: paper -

Franz CEO of German air carrier Lufthansa attends the general meeting in CologneFRANKFURT (Reuters) - Lufthansa's air freight business failed to pick up over the summer period although overall business was "decent", Chief Executive Christoph Franz told Frankfurter Allgemeine Sonntagszeitung. "We had hoped for an stronger improvement in the air freight business. This didn't happen," Franz told the paper, blaming continued overcapacity in the sector and competition from land and sea freight. He did not elaborate on what he meant by decent. ...


Analysis: Caterpillar plan illustrates risk of variable pay plans -

The Caterpillar logo is seen on a tractor in GilbertBy James B. Kelleher PEORIA, Ill (Reuters) - Caterpillar Inc has put workers on notice that its short-term incentive plan, the centerpiece of a performance-based, profit-sharing program, will make its smallest payout since the recession when the payments go out next March. Like a lot of companies, the world's largest maker of mining and construction equipment has adopted what is known as a "pay-at-risk" compensation system, which ties a percentage of nearly every non-union employee's income to Caterpillar's financial performance. ...


HSBC to cease wealth management business in some MidEast countries -

The Angel of Independence is seen near a HSBC building in Mexico CityBy Dinesh Nair DUBAI (Reuters) - HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, the bank said. HSBC, Europe's biggest bank, has cut its retail banking business in some Middle Eastern nations, including the three nations affected in the latest move, and merged its operations in Oman with a local bank as part of a three-year global restructuring instigated by Chief Executive Stuart Gulliver. ...


Deutsche Bank CFO: regulation has priority over dividend - paper -

The logo of Germany's largest business bank, Deutsche Bank, is illuminated at the bank's original headquarters in FrankfurtFRANKFURT (Reuters) - Deutsche Bank said its dividend payouts will only rise once bank rules have been fulfilled, Chief Financial Officer Stefan Krause told Frankfurter Allgemeine Sonntagszeitung. "At the moment, building capital and adjustments for new regulatory requirements take priority," Krause told the paper in response to a question about dividends. "As soon as this has been completed, dividends which were lowered during the crisis, will once again rise. ...