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Monday, December 17, 2012

Business Today: Stock futures mixed on "cliff" optimism, fall in Apple

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12/17/2012
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
Stock futures mixed on "cliff" optimism, fall in Apple
NEW YORK (Reuters) - Stock futures were mixed on Monday as investors were encouraged by signs of movement on "fiscal cliff" negotiations over the weekend, but Apple was likely to weigh on the market.
Clearwire agrees to $2.2 billion sweetened bid from Sprint
(Reuters) - Clearwire Corp agreed to sell the rest of the company to Sprint Nextel Corp for a slightly sweeter $2.2 billion offer, days after minority shareholders criticized the previous bid as too low.
Sun Life to sell U.S. annuity business for $1.35 billion
(Reuters) - Sun Life Financial Inc , Canada's third-biggest insurer, said it will sell its U.S. annuity business and some life insurance businesses for $1.35 billion to a company owned by shareholders of institutional asset manager Guggenheim Partners.
UBS faces $1.5 billion day of reckoning over rate rigging
ZURICH/LONDON (Reuters) - UBS AG will pay around $1.5 billion to settle charges that a group of traders at its Japanese unit rigged Libor interest rates, a source familiar with the matter said on Monday as the Swiss bank prepares for a deal with regulators.
SEC approves JPMorgan's plan for copper ETF
(Reuters) - The Securities and Exchange Commission has approved JPMorgan Chase & Co's controversial plan to launch an exchange-traded fund physically backed by copper, it said on Monday.
AIG to raise up to $6.5 billion through AIA share sale: sources
HONG KONG (Reuters) - American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
Exclusive: Carlyle risks lower profit on TCW deal
NEW YORK (Reuters) - Carlyle Group LP's planned $780 million takeover of TCW Group Inc could prove less lucrative than envisioned due to the investment manager's financial ties to buyout firm EIG Global Energy Partners LLC, a TCW document to its lenders shows.
Boehner opens door to tax hikes, shifts fiscal cliff talks
WASHINGTON (Reuters) - The first real movement in the "fiscal cliff" talks began on Sunday, with Republican House Speaker John Boehner edging slightly closer to President Barack Obama's key demands as they try to avert the steep tax hikes and spending cuts set to take effect unless Congress intervenes by December 31.
Strong exports, slight wage rises offer euro zone hope
BRUSSELS (Reuters) - Euro zone exports jumped in October and wages grew only moderately in the third quarter, in the latest signs that the indebted bloc is regaining its competitive edge.
Boehner opens door to tax hikes, shifts fiscal cliff talks
WASHINGTON (Reuters) - The first real movement in the "fiscal cliff" talks began on Sunday, with Republican House Speaker John Boehner edging slightly closer to President Barack Obama's key demands as they try to avert the steep tax hikes and spending cuts set to take effect unless Congress intervenes by December 31.
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