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Tuesday, October 7, 2014

Business Today: GT Advanced Technology, Nokia active in early trading

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GT Advanced Technology, Nokia active in early trading
NEW YORK (Reuters) - GT Advanced Technology Inc shares were attracting the most volume on the Nasdaq on Tuesday morning a day after the sapphire glass maker filed for bankruptcy.
Grim German data, IMF concerns spook Europe
LONDON (Reuters) - A second day of grim German data and expectations for a cut in the International Monetary Fund's growth forecasts spooked European assets on Tuesday, as the recent spell of global financial market volatility continued.
EU watchdog investigates Amazon's Luxembourg tax deals
BRUSSELS (Reuters) - Online retailer Amazon's tax arrangements with Luxembourg are being investigated by European regulators, becoming the latest global company accused of cutting deals with member states to gain an effective subsidy.
Exclusive: BNP asks other banks for help as dollar clearing ban nears
LONDON/NEW YORK (Reuters) - BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sanctions, sources said.
Fiat says merger with Chrysler effective as of October 12
MILAN (Reuters) - Italian car maker Fiat said on Tuesday the merger with its U.S. unit Chrysler will be effective as of Oct. 12 after all conditions for the tie-up to go through were met.
ECB quietly pins its hopes on falling euro
FRANKFURT (Reuters) - Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.
Pimco's outflow headaches only just beginning
NEW YORK (Reuters) - Outflows from Pimco may be far from over as many investors have yet to decide whether to stick with the Newport Beach, California-based asset manager.
Chrysler recalls cargo vans due to inadvertent airbag deployments
DETROIT (Reuters) - Chrysler Group LLC said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said.
U.S., UK regulators want quick Deutsche Bank Libor settlement: reports
(Reuters) - U.S. and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources.
Bruised Rio Tinto rebuffs Glencore takeover approach
MELBOURNE/LONDON (Reuters) - Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.
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