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Tuesday, October 2, 2012

Daily Investor Briefing: Wall St slips on Spain, earnings...

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10/2/2012
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 St slips on Spain, earnings worries
NEW YORK (Reuters) - Wall Street ended little changed in a volatile session on Tuesday as uncertainty over when Spain might apply for a bailout shackled a market struggling to build on gains that took the S&P 500 to its highest in nearly five years.
Glencore files EU anti-trust notice for Xstrata deal
LONDON (Reuters) - Glencore has formally notified the European Commission of its $33 billion plan to take over Xstrata , sources familiar with the matter told Reuters on Tuesday, setting the European regulatory clock ticking on the deal.
Analysis: Uneasy role for IMF in euro zone crisis
WASHINGTON (Reuters) - The euro zone debt crisis is pushing the International Monetary Fund into new, and at times, uncomfortable territory. The global lender is preparing to monitor some of Europe's largest economies possibly without its biggest weapon - money.
September auto sales beat forecasts as Toyota gains
DETROIT (Reuters) - U.S. auto sales for September looked set to jump about 13 percent from a year ago, beating analyst estimates because of cheap financing, stronger consumer sentiment and rebounding sales from foreign automakers including Toyota Motor Corp .
Google withdraws patent complaint against Apple
WASHINGTON (Reuters) - Google subsidiary Motorola Mobility has dropped a complaint of patent infringement against Apple without explanation.
Insight: Delays dog U.S. government loans to green energy projects
WASHINGTON (Reuters) - A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.
What's in a name? For some Wall Street brokerages, not much anymore
NEW YORK (Reuters) - A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. But some in the industry say the firm's well-known advertising slogan - "They make money the old-fashioned way. They earn it" - and the culture it conveyed had already become a thing of the past.
Officials see more financial crisis cases after JPMorgan suit
WASHINGTON (Reuters) - Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase & Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.
Boeing engineers reject four-year contract offer
(Reuters) - In a widely expected show of force, Boeing Co's engineers and technical workers rejected a pay offer late Monday, setting the stage for talks to resume Tuesday for labor agreements covering 23,000 workers.
Greece pushes for austerity deal as time runs short
ATHENS (Reuters) - Greece held a new round of talks with foreign lenders to bridge differences over 2 billion euros of disputed austerity cuts on Tuesday, with time running short to clinch a deal before a meeting of euro zone ministers next week.
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What's in a name? For some Wall Street brokerages, not much anymore

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