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Wednesday, September 10, 2014

Daily Investor Briefing: Apple payments service may boost...

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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.
Wall St ends higher after two days of losses as Apple rebounds
NEW YORK (Reuters) - A rebound in Apple shares helped push U.S. stocks higher on Wednesday, breaking the market's two-day string of losses.
Wal-Mart joins U.S. crop-tour fever seeking food chain edge
CHICAGO (Reuters) - Retail giant Wal-Mart joined a group of volunteers counting corn ears and soybean pods in fields in the United States recently in a clear sign traditional crop tours are expanding their appeal from farmers and traders to all those with a stake in the U.S. food chain.
NY pension fund enters $2 billion investment venture with Goldman Sachs
NEW YORK (Reuters) - A New York state pension fund has given Goldman Sachs Group Inc $2 billion to invest with outside managers, Goldman and the fund said in a statement on Wednesday, a first for a fund that has traditionally picked managers itself.
RadioShack plunges after brokerage cuts price target to $0
(Reuters) - Troubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year.
Trump Entertainment begins race to save Atlantic City casino
WILMINGTON Del (Reuters) - Trump Entertainment Resorts received U.S. Bankruptcy Court approval on Wednesday for an agreement that gives it 30 days to craft a cost-cutting turnaround plan to save its Taj Mahal casino-hotel from liquidation.
U.S. wholesale stocks barely rise; third-quarter growth estimates cut
WASHINGTON (Reuters) - U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that prompted economists to trim growth estimates.
BOJ drives rates below zero, stepping up aggressive easing
KANAZAWA Japan (Reuters) - The Bank of Japan drove a short-term interest rate below zero, a dramatic step in its already unprecedented effort to stoke inflation and a likely sign it will continue its aggressive asset purchases.
Volkswagen global labor reps back UAW at Tennessee plant
FRANKFURT (Reuters) - Volkswagen AG's global works council is backing renewed efforts by the United Auto Workers in the United States to represent workers at the German carmaker's Tennessee plant.
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.
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