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Monday, October 13, 2014

Daily Investor Briefing: Wall St. tumbles after selling picks...

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Wall St. tumbles after selling picks up late
NEW YORK (Reuters) - U.S. stocks sold off on Monday in a late-day slump led by declines in energy and airline shares.
Fiat Chrysler's Wall Street debut draws muted response
MILAN/NEW YORK (Reuters) - Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles (FCA), a move that shifts the carmaker's center of gravity away from Italy and caps a decade of canny dealmaking and tough restructuring by Chief Executive Sergio Marchionne.
Deaths linked to GM ignition-switch defect rise to 27
NEW YORK (Reuters) - A program to compensate victims of a faulty ignition switch in General Motors vehicles has approved three new death claims, bringing the total number of deaths linked so far to the switch to 27, according to a report released on Monday by the lawyer overseeing the program.
GE aircraft unit to buy helicopter lessor Milestone for $1.78 billion
(Reuters) - General Electric Co's aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.
Fed's Evans sees slow inflation rise, counsels patience on rate decision
INDIANAPOLIS (Reuters) - The Federal Reserve should err on the side of caution in its coming decision about when to raise interest rates for fear of upending the U.S. recovery in a weak world economy, Chicago Federal Reserve President Charles Evans said on Monday.
J.C. Penney names Home Depot executive to succeed CEO Ullman
(Reuters) - J.C. Penney Co Inc named Marvin Ellison, credited with resurrecting Home Depot Inc's U.S. business, as its next chief executive as the department store operator looks to push on since stemming a two-year long sales decline.
France's Iliad drops plan to buy T-Mobile US
PARIS (Reuters) - French low-cost telecoms operator Iliad abandoned its attempt to buy T-Mobile US on Monday because of resistance from majority owner Deutsche Telekom , becoming the third bidder to walk away in three years.
Honda recalls 43,000 2014-2015 Acuras in U.S. to fix front belts
DETROIT (Reuters) - Honda Motor Co said Monday it is recalling 43,000 Acura luxury models in the United States to fix faulty seat belts.
Former UBS banker fined in Switzerland for handing data to U.S.
BERNE (Reuters) - A former banker at Switzerland's biggest bank, UBS , has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.
Bid report boosts CSX stock, but deal seen unlikely
CHICAGO (Reuters) - Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd , but analysts said any such deal would face significant regulatory and other hurdles.
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