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Wednesday, September 10, 2014

Business Today: Apple payments service may boost sales of larger iPhones

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09/10/2014
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
Apple payments service may boost sales of larger iPhones
(Reuters) - The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Goldman Sachs recommends Kroger calls ahead of earnings
NEW YORK (Reuters) - Kroger Co has been a strong performer in 2014, rising almost 31 percent year-to-date, but Goldman Sachs thinks investors are underestimating the grocery-store chain and recommends buying calls in the company ahead of its results.
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as interest rates rose for the first time in four weeks, an industry group said on Wednesday.
Nevada lawmakers to consider huge tax breaks for Tesla
CARSON CITY Nev. (Reuters) - Nevada lawmakers on Wednesday will consider controversial tax breaks estimated at up to $1.3 billion for Tesla Motors Inc to build its $5 billion battery factory in the state.
Alibaba's record IPO covered after first few roadshow meetings: sources
(Reuters) - Alibaba Group Holding Ltd has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday.
Retailers give themselves makeover as millennials follow own beat
NEW YORK (Reuters) - Alison LePard, a 19-year-old college sophomore from Wellesley, Massachusetts, says that when she shops for clothes and accessories, her goal is a look that is uniquely hers. So she does a lot of mixing and matching.
European absence to take financial toll on Man Utd
LONDON (Reuters) - Manchester United's revenue and profit is set to fall in 2014-15, the English soccer club said on Wednesday, paying the price for missing out on European games this season and underlying the value of a swift return to the Champions League.
Dollar General goes hostile with Family Dollar bid
(Reuters) - Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.
Santander bank's powerful patriarch Botin dies, daughter to succeed
MADRID (Reuters) - Emilio Botin, one of Spain's most powerful men who transformed Santander from a small domestic lender into the euro zone's biggest bank, has died of a heart attack, aged 79.
Ferrari chairman quits to leave Fiat's Marchionne in driving seat
MILAN (Reuters) - Ferrari chairman Luca Cordero di Montezemolo is quitting the Italian sports car maker to be replaced by the boss of parent group Fiat , Sergio Marchionne, after the two auto industry heavyweights clashed over strategy and the Formula One team's poor results.
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