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Wednesday, November 6, 2013

Daily Investor Briefing: Twitter likely to price above...

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11/6/2013
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
Twitter likely to price above expected $25 range: sources
(Reuters) - Twitter Inc is likely to price its hotly anticipated initial public offering later on Wednesday above an already bumped-up target range, according to sources familiar with the process.
U.S. regulator prepares crackdown on debt collectors
WASHINGTON (Reuters) - Debt collectors using text messages and social media to pursue delinquent borrowers could come under new scrutiny as the U.S. consumer financial watchdog considers new rules as part of a crackdown on the collection industry.
Dish Network to close all Blockbuster stores, lay off 2,800
(Reuters) - Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world.
Analysis: Park's promise of second South Korea miracle risks ringing hollow
SEOUL (Reuters) - South Korean President Park Geun-hye took office in February pledging a "Second Miracle on the Han River", a reference to her father's rapid 1970s industrialization, but nine months into office little has materialized.
AIG settles with former executive before $274 million pay trial
NEW YORK (Reuters) - American International Group Inc has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008.
GM's new customer-service guru faces big task
DETROIT (Reuters) - Consumers who call to complain about their General Motors Co car or truck should not be surprised if they end up bending the ear of the fast-rising executive in charge of putting a friendlier face on the U.S. automaker.
Dow, S&P close higher on Microsoft, Europe
NEW YORK (Reuters) - The Dow industrials closed at a record high, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record.
Exclusive: EU to fine banks billions of euros over rate rigging
BRUSSELS (Reuters) - A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, reinforcing Brussels' hard line on the sector after the financial crisis.
Exclusive: Qatari fund invests in BlackBerry debt offer - source
DUBAI (Reuters) - Qatar Holding LLC is among a handful of investors that have put money into BlackBerry's $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday.
SocGen plans 375 job cuts across Europe: union
PARIS (Reuters) - French bank Societe Generale plans to cut 375 jobs across Europe in its securities-services business, a staff union said in a newsletter posted online after meeting with management.
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