  | | | "Cliff" deal drives Wall Street rally to start new year | | NEW YORK (Reuters) - U.S. stocks kicked off the new year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail the economy's growth. | | |  | | | Bigger fights loom after "fiscal cliff" deal | | WASHINGTON (Reuters) - President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought "fiscal cliff" deal narrowly averted devastating tax hikes and spending cuts. | | | | | Budget deal leaves U.S. defense firms in limbo | | WASHINGTON (Reuters) - Shares in some major defense companies trailed the broad U.S. stock market on Wednesday as investors fretted that hiring and investment at weapons makers could remain slow until a longer-term fiscal solution is in place. | | | |  | | | Euro zone factory slump deepens, U.S., Asia perk up | | WASHINGTON/LONDON (Reuters) - Manufacturing in the United States and China grew in December, suggesting the global economy was on course for moderate growth this year, even as the euro zone looked set to sink deeper into recession. | | | |  | | | Judge rejects part of Apple App Store suit vs Amazon | | SAN FRANCISCO (Reuters) - A U.S. judge on Wednesday rejected part of Apple Inc's lawsuit against Amazon.com Inc's use of the term App Store, ruling Apple cannot bring a false advertising claim against the online retailer. | | | |  |  | | | 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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