Business Today: Twitter's goal in IPO: to avoid becoming Facebook

		Click to View in Browser 11/8/2013 Twitter's goal in IPO: to avoid becoming Facebook (Reuters) - As Twitter Inc's chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc . U.S. consumer spending tepid as households boost savings WASHINGTON (Reuters) - U.S. consumer spending increased modestly in September as households boosted their savings and inflation remained benign, pointing to sluggish domestic demand. Futures slide after strong payrolls data NEW YORK (Reuters) - U.S. stock index futures turned sharply lower on Friday after job growth unexpectedly accelerated in October as employers shrugged off a government shutdown, raising the chance that the Federal Reserve will scale back its stimulus program before the end of the year. China extends graft investigations to shipping industry HONG KONG/SHANGHAI (Reuters) - China's investigations aimed at rooting out corruption have now extended to the shipping industry, with China COSCO Holdings saying that one of its top executives is the subject of government inquiries. Boeing warns Seattle could lose 777X if deal rejected (Reuters) - Boeing Co said on Friday it was ready to re-examine alternative sites for its newest jet if assembly workers and local politicians do not ratify plans to build it in the Seattle area, its traditional manufacturing base. U.S. jobs market dodges blow from government shutdown WASHINGTON (Reuters) - U.S. job growth unexpectedly accelerated in October as employers shrugged off a government shutdown, suggesting the budget standoff had a more limited impact on the economy than initially feared. McDonald's October same-restaurant sales miss estimates (Reuters) - McDonald's Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan. New Puma CEO seeks to return company to sporting roots HERZOGENAURACH, Germany (Reuters) - Germany's Puma will return to its sporting roots to restore growth to the struggling brand whose profits crashed 70 percent last year, the group's new chief executive said. Deutsche Bank, Barclays lose bid to remove Libor allegations from court cases LONDON (Reuters) - Barclays and Deutsche Bank failed on Friday to remove allegations of interest rate rigging from two ongoing lawsuits, meaning they could stand to lose millions of pounds. Lufthansa accepts first Boeing 777 freight plane after repair FRANKFURT (Reuters) - Boeing has handed over to Lufthansa its first Boeing 777F freighter plane after the aircraft maker had to carry out last-minute minor repairs to the left wing, a spokesman for Lufthansa's cargo unit said on Friday. Related Video Applicants cram for Samsung entrance tests Breakingviews: ECB - frothy bubble equals trouble Economic News U.S. consumer spending tepid as households boost savings Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend