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Monday, December 1, 2014

Daily Investor Briefing: Wall Street falls in broad decline;...

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Wall Street falls in broad decline; Apple stumbles
NEW YORK (Reuters) - U.S. stocks fell in a broad decline on Monday, with the S&P 500 suffering its biggest one-day drop in more than a month, as economic data indicated weakness across the globe and the holiday shopping season got off to a tepid start.
Fed welcomes energy drop, shrugs off disinflation threat
NEW YORK (Reuters) - The Federal Reserve is welcoming the sharp drop in global energy prices, with two influential policymakers on Monday cheering the boost it should provide American pocketbooks and shrugging off any pressure on already low inflation.
GM recalls 316,000 vehicles because of malfunctioning headlights
DETROIT (Reuters) - General Motors Co will recall 316,357 SUVs and sedans, mainly in North America, because the low-beam headlights can stop working, the company said on Monday.
Russia drops South Stream gas pipeline project, Putin blames Europe
ANKARA (Reuters) - Russia's Gazprom on Monday cancelled a project to construct the South Stream pipeline to supply gas to southern Europe - an apparent casualty of the dispute between Moscow and the West over Ukraine.
Claims in GM ignition-switch program up slightly, another death eligible
DETROIT (Reuters) - Claims related to a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including an additional death attributed to the defect, according to an official report on Monday.
UAW presses Daimler at Alabama plant after NLRB victory
DETROIT (Reuters) - The United Auto Workers union said on Monday it will press managers of the Daimler AG's Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor.
Design flaws led to 2013 lithium-ion battery fire in Boeing 787: U.S. NTSB
WASHINGTON (Reuters) - A lithium-ion battery that caught fire aboard a parked Boeing 787 in 2013 in Boston had design flaws and it should not have been certified by the U.S. Federal Aviation Administration, U.S. accident investigators said on Monday.
U.S. manufacturing cools, but underlying momentum remains
WASHINGTON (Reuters) - U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.
Apple tumbles as much as 6 percent in unusual trading
NEW YORK (Reuters) - Apple Inc shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.
U.S. retailers warn of Chinese giant Alibaba's impact in U.S.
SAN FRANCISCO (Reuters) - Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.
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