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Wednesday, September 25, 2013

Business Today: Stock futures little changed as investors eye Washington

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09/25/2013
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 little changed as investors eye Washington
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday, following four days of losses on the S&P 500 and Dow, as investors grew increasingly concerned about budget and debt negotiations in Washington.
U.S. durable goods edge higher, boosted by car demand
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods edged higher in August and gave a signal that the factory sector gained a step midway through the third quarter.
Wall Street wistful about New York life without Mayor Bloomberg
NEW YORK (Reuters) - When Michael Bloomberg steps down as New York City mayor at the end of the year, few constituencies will miss him as much as Wall Street.
Sweden sells remaining stake in Nordea for $3.4 billion
STOCKHOLM (Reuters) - The Swedish state has sold its remaining 7 percent stake in Nordea, the region's biggest bank, giving the center-right coalition government another 21.6 billion crowns ($3.4 billion) to deploy in the national budget ahead of next year's election.
Top banks have $155 billion capital shortfall, most in Europe
LONDON (Reuters) - The world's biggest banks would need to boost their capital by 115 billion euros ($155 billion) to comply with tougher rules and more than 60 percent of that shortfall is in Europe, where lenders have been slower to strengthen.
ICAP ordered to pay $87 million fine in Libor rigging settlement
LONDON (Reuters) - ICAP, the world's largest interdealer broker, has been fined $87 million by U.S. and UK regulators over its role in the Libor rate rigging scandal in the fourth regulatory settlement to emerge from a sprawling, global investigation.
Insight: Wal-Mart 'Made in America' drive follows suppliers' lead
(Reuters) - Wal-Mart Stores Inc, whose focus on low-cost sourcing helped to fuel the offshoring of U.S. manufacturing, has been promoting a patriotic new image in recent months.
Samsung dazzles phablet followers with more girth, size
SEOUL (Reuters) - Samsung Electronics Co Ltd is seeking to dazzle followers of the phablet with bigger screens, and even possibly with a curved one, in its attempt to fence off a segment of smartphones once mocked for their girth and size.
Tokyo Electron takeover could be a mold-breaker for Japan
TOKYO (Reuters) - Applied Materials Inc's $10 billion acquisition of Tokyo Electron Ltd is more than just a milestone foreign takeover in Japan - it's a rare forward-looking deal in a country where selling to an overseas rival is usually a last resort.
Monte Paschi chief says ready to change restructuring plan
ROME (Reuters) - The chairman of Italy's Monte dei Paschi di Siena said on Wednesday the bank was ready to make all necessary changes to a restructuring plan aimed at winning a greenlight from the European Union for a state bailout.
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