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Thursday, September 25, 2014

Daily Investor Briefing: Wall St. ends sharply lower, S&P...

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09/25/2014
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
Wall St. ends sharply lower, S&P below key support level
NEW YORK (Reuters) - U.S. stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high.
U.S. business spending plans, jobs data support growth outlook
WASHINGTON (Reuters) - New orders for capital goods by U.S. businesses rebounded in August, pointing to underlying strength in the economy.
Fed's Lockhart says weak demand puts rate hike timetable in doubt
JACKSON Miss (Reuters) - Atlanta Federal Reserve bank president Dennis Lockhart said the U.S. economy is still hampered by weak demand at home and internationally, potentially pushing the need to raise interest rates later into next year.
Apple asks new phones users to reinstall iOS 8 after update glitches
(Reuters) - Apple Inc withdrew a faulty update to its latest operating system after some users of its new phones complained of call service disruptions, the latest in a series of glitches to mar the first week of iPhone 6 and 6 Plus sales.
S&P wins right to Geithner documents in $5 billion U.S. fraud lawsuit
NEW YORK (Reuters) - A federal judge said former U.S. Treasury Secretary Timothy Geithner must give Standard & Poor's documents he used when writing his best-selling memoir, a ruling that could help S&P defend against the government's $5 billion fraud lawsuit over its credit ratings.
Facebook to win EU approval for $19 billion WhatsApp bid: sources
BRUSSELS (Reuters) - Facebook , the world's leading social network, will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said on Thursday.
Chrysler recalls 350,000 vehicles on ignition switch issues
DETROIT (Reuters) - Chrysler Group LLC, a unit of Fiat SpA , said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move.
Exclusive: P&G, Hasbro in crosshairs of Mexico's taxman - sources
MEXICO CITY (Reuters) - The world's largest household product maker Procter & Gamble and No. 2 toymaker Hasbro are at the heart of a Mexican probe into tax avoidance that could cost the firms hundreds of millions of dollars in back-taxes between them, sources told Reuters.
Airbus Group talks to interested parties on defense assets: CEO
TOULOUSE France (Reuters) - Airbus Group has begun sounding out potential partners for parts of its defense and security business whose future was left undecided in a recent portfolio review, Chief Executive Tom Enders said on Thursday.
Low inflation fuels caution at Fed over rate rises
(Reuters) - A number of top Federal Reserve officials want more convincing evidence that U.S. inflation is on a healthy upswing before embarking on what they expect will be a very gradual course of interest rate increases.
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