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Monday, March 10, 2014

Daily Investor Briefing: Wall Street dips on Chinese data,...

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03/10/2014
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 Street dips on Chinese data, Boeing
NEW YORK (Reuters) - U.S. stocks dipped on Monday, weighed by soft data out of China and Boeing's latest production setback.
GM ignition-switch recall poses first big test for new CEO
DETROIT (Reuters) - In her first big test as General Motors Co's chief executive, Mary Barra has taken a hands-on approach behind the scenes in directing the automaker's response to ignition-switch problems that have been linked to 13 deaths.
Evans says flatly: Fed will keep trimming bond purchases
COLUMBUS, Georgia (Reuters) - The Federal Reserve will continue to trim its monthly asset purchases at a $10 billion pace, an influential Fed official said on Monday as he also detailed how the U.S. central bank might rewrite its plan for keeping interest rates low.
Fannie, Freddie could send $179.2 billion to taxpayers: White House
WASHINGTON (Reuters) - U.S. government-owned mortgage financiers Fannie Mae and Freddie Mac could send about $179.2 billion in profits to taxpayers over the next 10 years if the terms of their bailout remain intact, the White House budget office said on Monday.
U.S. Justice Department, American Airlines dispute value of slots
WASHINGTON (Reuters) - The U.S. Justice Department said on Monday that American Airlines Group made $425 million by selling takeoff and landing slots at two busy East Coast airports, as required to win approval for the merger that set up the company.
Mt. Gox files for U.S. bankruptcy to halt class action
(Reuters) - Mt. Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
EBay rejects Icahn board nominees, asks investors to do same
(Reuters) - EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting.
Pizza chain Sbarro files for bankruptcy protection
NEW YORK (Reuters) - Pizza chain Sbarro LLC has filed for bankruptcy protection for the second time in three years after struggling with too much debt and fewer customers in malls that house many of its restaurants.
Credit Suisse's Verde sticks with bet against Brazilian real
SAO PAULO (Reuters) - Money managers at Credit Suisse Group's CSHG Verde FIC FIM, the largest Brazilian hedge fund, said on Monday they were sticking with their bet on a decline in Brazil's currency, as concerns grow over the sustainability of public finances in Latin America's largest economy.
Boeing's Muilenburg says confident about $25 billion in deferred 787 costs
NEW YORK (Reuters) - Boeing Co Chief Operating Officer Dennis Muilenburg said on Monday that the company remains very confident about its estimated $25 billion in deferred costs for its 787 Dreamliner.
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