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Monday, October 7, 2013

Daily Investor Briefing: Wall Street falls as no progress seen...

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10/7/2013
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
Wall Street falls as no progress seen to resolve shutdown
NEW YORK (Reuters) - U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous.
Mark Cuban tells insider trading trial share sale was long planned
DALLAS (Reuters) - Dallas Mavericks basketball team owner Mark Cuban testified at his insider trading trial on Monday that he had said "on multiple occasions" he intended to sell a stake in an Internet search firm before he learned the stake was about to lose value.
Airbus clinches landmark jet order with Japan Airlines
BARCELONA/TOKYO (Reuters) - Airbus clinched its first jet order from Japan Airlines on Monday, cracking a big national market long dominated by the European firm's main rival, Boeing .
BlackBerry shares up on interest from strategic buyers
TORONTO (Reuters) - Shares of BlackBerry Ltd rose 4 percent on Monday, following news of potential interest from strategic buyers in the embattled smartphone company and an analyst upgrade on the company's stock.
U.S. Supreme Court won't hear Argentina bond dispute appeal
WASHINGTON/BUENOS AIRES (Reuters) - The U.S. Supreme Court on Monday declined to hear a preliminary appeal filed by Argentina over its battle with hedge funds that refused to take part in two debt restructurings stemming from the country's catastrophic 2002 default.
U.S. consumer credit up, but credit card usage down
WASHINGTON (Reuters) - U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending.
Exclusive: Mortgage and fleet company PHH explores sales - sources
NEW YORK (Reuters) - PHH Corp is exploring splitting up its mortgage and auto fleet leasing businesses, and selling each of the units, three people familiar with the situation told Reuters on Monday.
Defense shares up after Pentagon recalls civilian workers
WASHINGTON (Reuters) - Shares of Lockheed Martin Corp , the Pentagon's biggest supplier, and other defense companies rallied on Monday after Defense Secretary Chuck Hagel recalled most civilian defense employees despite the ongoing shutdown of the U.S. government.
UK's Cable says Labour 'irresponsible' to talk up Royal Mail value
LONDON (Reuters) - British Business Secretary Vince Cable accused the opposition Labour party of irresponsibly talking up the value of shares in the Royal Mail postal service, a day before order books close on Britain's biggest privatisation in decades.
Monte Paschi toughens up revival plan to win over Brussels
MILAN/ROME (Reuters) - Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena unveiled thousands of new job cuts on Monday and asset sale plans in a bid to return to profit and stave off nationalisation.
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