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Tuesday, September 4, 2012

Daily Investor Briefing: Wall Street cuts losses late on Apple...

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09/4/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street cuts losses late on Apple strength
NEW YORK (Reuters) - The S&P 500 closed slightly lower on Tuesday as investors continued to await clarity on European Central Bank plans to shore up heavily indebted countries, but the market ended off its lows on a rally in Apple Inc .
Exclusive: Libor probe claims Barclays executive and a trader
NEW YORK (Reuters) - The fallout from an investigation into the attempted manipulation of global benchmark interest rates has again rocked Barclays Plc, as the bank recently ousted a top executive and a trader in New York for their roles in the scandal, according to regulatory filings obtained on Tuesday.
Manufacturing another headache for U.S. economy
NEW YORK (Reuters) - Manufacturing in the United States shrank at its sharpest clip in more than three years last month, a survey showed on Tuesday, the latest sign that the slowing global economy is weighing on an already weak U.S. recovery.
August auto sales on track to beat estimates
DETROIT (Reuters) - Auto sales continued to show a slow but steady recovery in August, as all three Detroit automakers and Toyota Motor Corp reported gains that outstripped analyst expectations.
Spain's Rajoy to seek German backing for a bailout
MADRID (Reuters) - Prime Minister Mariano Rajoy's eight months in power have been tumultuous from the start but September and October may be even tougher, with the Spanish leader assailed on all sides.
GM waters down Peugeot alliance plans: report
FRANKFURT/PARIS (Reuters) - General Motors has backed away from tentative plans to share its mid-sized car technology with PSA Peugeot Citroen , a German magazine reported on Tuesday, potentially weakening the rationale for a broad alliance being negotiated by the two automakers.
Walmart trims layaway fee to $5 from $15 after shoppers complain
(Reuters) - Wal-Mart Stores Inc is trimming the fee for this year's U.S. holiday season layaway plan back to $5 after customers complained that the new $15 fee it announced two weeks ago was too high.
Lufthansa cabin crew to extend strikes on Friday
FRANKFURT (Reuters) - Lufthansa cabin crew will strike throughout Germany on Friday for a full 24 hours, upping the stakes in a row over pay and conditions that threatens to drag on for weeks and cost Germany's biggest airline tens of millions of euros.
Analysis: StanChart hit may not dog other banks as much as feared
(Reuters) - Benjamin Lawsky's surprise move against Standard Chartered in an Iran sanctions case may have stunned the banking world, but it is unlikely to expand the scope of a series of similar U.S. cases against European banks that are still in the pipeline.
Santander eyes 3.4 billion euros from Mexico listing
MADRID/MEXICO CITY (Reuters) - Spanish bank Santander said on Tuesday it would seek to raise up to 3.4 billion euros ($4.3 billion) through the stock market listing of a quarter of its Mexican unit as it looks to boost capital levels and weather a grinding recession at home.
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