| | Wall Street ends lower for 5th straight session | NEW YORK (Reuters) - Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight. | | | | | Housing, factory data point to momentum in economy | WASHINGTON (Reuters) - Contracts for U.S. home resales hit a 2-1/2-year high in November and factory activity in the Midwest expanded this month, suggesting some strength in the economy despite the threat of tighter fiscal policy. | | | | Lockheed, U.S. agree early funding deal for more F-35s: sources | WASHINGTON (Reuters) - Lockheed Martin Corp and the U.S. Defense Department have reached an agreement freeing up preliminary funding for production of a sixth batch of F-35 Joint Strike Fighters, according to two sources familiar with the negotiations. | | | | Apple to drop patent claims against new Samsung phone | SAN FRANCISCO (Reuters) - Apple Inc has agreed to withdraw patent claims against a new Samsung phone with a high-end display after Samsung said it was not offering to sell the product in the crucial U.S. market. | | | | Auto sales to end year strong, "fiscal cliff" may weigh | DETROIT (Reuters) - U.S. auto sales are expected to show a rise of 9 percent for December, capping off the best year for the industry since 2007, fueled by easier access to credit, rising home prices and pent-up demand. | | | | Fisker sues XL over hybrid cars wrecked by Superstorm Sandy | NEW YORK (Reuters) - Fisker Automotive has sued XL Group Plc after being denied insurance coverage over flooding from Superstorm Sandy that destroyed 338 of its Karma plug-in hybrids, worth about $33 million, at a Port Newark, New Jersey, shipping facility. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |
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