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Wednesday, October 30, 2013

Business Today: U.S. consumer prices rise, but underlying inflation benign

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10/30/2013
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
U.S. consumer prices rise, but underlying inflation benign
WASHINGTON (Reuters) - U.S. consumer prices rose modestly in September but there was little sign of underlying inflation in the economy, which should give the Federal Reserve scope to maintain its monthly bond purchases.
U.S. private sector adds 130,000 jobs in October: ADP
NEW YORK (Reuters) - U.S. private-sector employers added 130,000 jobs in October, lower than economists' expectations for the month, a report by a payrolls processor showed on Wednesday.
Fed to maintain aggressive policy stimulus amid soft data
WASHINGTON (Reuters) - The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may point to softer readings on the U.S. economy to signal that the policy will be extended into 2014.
GM posts strong profit on U.S. demand, smaller loss in Europe
DETROIT (Reuters) - General Motors Co on Wednesday posted a better-than-expected quarterly profit on strong results in its core North American market and the first revenue increase in Europe in two years.
Twitter's 'anti-Facebook' IPO tactics win over some investors
(Reuters) - Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012.
Stock futures gain ahead of Fed policy decision
NEW YORK (Reuters) - Stock index futures edged higher on Wednesday, a day after the Dow and the S&P 500 indexes hit a new closing record, on expectations that the Federal Reserve's monthly bond purchases of $85 billion will be extended into next year.
Infosys reaches $34 million settlement in U.S. visa case
BANGALORE (Reuters) - Infosys Ltd, India's second-largest IT services exporter, has agreed to pay $34 million in a civil settlement with U.S. authorities investigating its use of visas in the United States, the company said on Wednesday.
Barclays joins banks helping with forex probe
LONDON (Reuters) - Barclays is cooperating with regulators investigating possible manipulation of currency trading by banks, deepening scrutiny of its conduct as it also grapples with a slump in investment banking income.
Microsoft seeks EU approval for $7.5 billion Nokia deal
BRUSSELS (Reuters) - Microsoft has asked EU antitrust regulators to approve its 5.44-billion-euro ($7.49 billion) takeover of Nokia's phone business as part of a push into the mobile devices business.
Sprint posts decline in third-quarter revenue
(Reuters) - Sprint Corp posted a decline in third-quarter revenue on Wednesday as it lost more subscribers than expected following the shutdown of its older iDen network.
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