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Monday Morning Business Brief

September 24, 2012, 5:47 AM

Monday Morning Business Brief

On Wall Street, stocks are poised to fall. Dow futures were down 0.1 percent to 13,482.00 while broader S&P 500 futures dipped 0.1 percent to 1,449.70. On Friday, the Dow lost 17 points while the S&P fell very slightly.

  • World stocks mostly drifted lower today as investors' growing concerns about the shaky global economy overpowered any remaining optimism over central bank stimulus efforts. Crude oil tumbled while the dollar rose against the euro but fell against the Japanese yen.
  • Business optimism in Germany fell for the fifth month in a row, according to the closely-watched Ifo index. It's another sign that Europe's debt crisis is weighing on the continent's largest economy.
  • The company that makes Apple iPhones has suspended production at a factory in China after a brawl by as many as 2,000 employees at a dormitory injured 40 people. Foxconn Technology Group is declining to say whether the factory in question is involved in iPhone production.
  • Toyota Motor Corp. is boosting its green vehicle lineup. The automaker has plans for 21 new hybrids in the next three years, a new electric car later this year and a fuel cell vehicle by 2015.

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