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Monday, November 3, 2014

Business Today: Stock futures point to slight losses at the open

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11/3/2014
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
Stock futures point to slight losses at the open
NEW YORK (Reuters) - U.S. stock index futures pointed to slight losses at the open on Monday, with investors taking a pause following a sharp rally on Friday that took the Dow and S&P 500 to record levels.
Publicis to buy U.S. digital ad firm Sapient for $3.7 billion
PARIS (Reuters) - Publicis , the world's third-largest advertising agency, is to buy U.S.-based digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.
Factory growth ebbs in Europe & Asia, making case for more stimulus
LONDON/SYDNEY (Reuters) - Factories across Asia and the euro zone reported a general loss of momentum last month that speaks volumes about the need for more policy stimulus on top of Japan's latest efforts to ignite growth.
Alibaba's first earnings to test mettle, investor enthusiasm
SAN FRANCISCO/BEIJING (Reuters) - Alibaba Group Holding Ltd's first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs.
Banks set aside up to $7 billion as UK currency settlement looms
LONDON (Reuters) - Major banks have set aside almost $7 billion for potential settlements with regulators investigating allegations of collusion and manipulation in foreign exchange markets, the first of which could come in the Britain later this month.
Chrysler U.S. sales up 22 percent on pickup truck demand
DETROIT (Reuters) - Fiat Chrysler Automobiles U.S. October sales rose 22 percent on strong pickup truck demand, the company said on Monday.
Euro zone factory growth sluggish in October as prices fall: PMI
LONDON, Nov 3 (Reuters) - Euro zone manufacturing activity expanded slightly slower than first thought last month as further discounts at the factory gate failed to drive up new orders, a business survey showed on Monday.
HSBC sets aside $378 million for forex probe
LONDON (Reuters) - HSBC Holdings has set aside $378 million for a potential settlement with Britain's financial watchdog for alleged manipulation of currency markets as the bank reported a 12 percent fall in underlying profit in the third quarter.
China Oct PMIs point to cooling economic momentum, growth target at risk
BEIJING (Reuters) - China's economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing's official target for the year at even greater risk.
Apple plans investor call ahead of a potential bond sale: WSJ
(Reuters) - Apple Inc is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal.
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