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Thursday, October 16, 2014

Daily Investor Briefing: Data show U.S. economy's pulse is...

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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
Data show U.S. economy's pulse is still strong
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook.
Strong data stops the bleeding on Wall Street
NEW YORK (Reuters) - U.S. stocks ended near flat after another choppy session on Thursday as economic data eased fears about the potential effect of a weakening global economy on the United States.
Google's revenue increases 20 percent, but below Street view
SAN FRANCISCO (Reuters) - Google Inc's third-quarter revenue grew 20 percent, but slightly below Wall Street expectations, as growth slowed in the Internet company's total number of money-making ads and expenses increased.
AbbVie board ditches planned $55 billion Shire acquisition
LONDON (Reuters) - U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin-based Shire , recommending shareholders vote against the proposed $55 billion takeover following new U.S. tax rules.
Exclusive: Goldman Sachs in talks to acquire ETF provider IndexIQ - sources
(Reuters) - Goldman Sachs Group is in discussions to acquire IndexIQ, a Rye Brook, New York-based exchange-traded fund provider, according to three sources familiar with the situation.
Apple's new iPads sport modest upgrades but short on 'wow'
CUPERTINO Calif. (Reuters) - Apple Inc's faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season expected to be swamped by mobile devices.
Exclusive: Short seller Carson Block mulls starting hedge fund management firm
NEW YORK (Reuters) - Short seller Carson Block, the founder of research firm Muddy Waters LLC who has exposed accounting problems at a slew of Chinese companies, said on Thursday that he is seriously considering launching a hedge fund investment firm.
SanDisk reports higher-than-expected adjusted quarterly profit
(Reuters) - SanDisk Corp reported a better-than-expected adjusted quarterly profit, helped by higher sales of memory chips used in Apple Inc's iPhones and solid-state hard drives.
Exclusive: Commerzbank settlement with U.S. postponed amid probe
NEW YORK (Reuters) - Commerzbank AG's settlement with U.S. authorities over alleged sanctions violations has been postponed, possibly until the end of the year, as prosecutors seek to coordinate the resolution of a separate probe stemming from transactions at the German bank connected to the massive Olympus Corp accounting fraud, according to people familiar with the matter.
Ackman: Lawyers have documents purported to show Allergan misled on Valeant
TORONTO (Reuters) - Billionaire investor William Ackman turned up the heat on Allergan Inc. on Thursday when he accused the Botox maker's board of misleading investors to fend off a hostile takeover bid from Valeant Pharmaceuticals.
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