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Wednesday, October 2, 2013

Business Today: Private sector adds 166,000 jobs in September: ADP

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10/2/2013
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
Private sector adds 166,000 jobs in September: ADP
NEW YORK (Reuters) - U.S. private employers added a fewer-than-expected 166,000 jobs in September, according to Wednesday data from a payrolls processor, underscoring steady but still sluggish growth in the labor market.
U.S. deadlock hits dollar, weakens shares
LONDON (Reuters) - World stock markets began to shake on Wednesday in response to a U.S. government shutdown that shows no signs of ending soon, also sending the dollar to a one-month low against the yen.
U.S. mortgage applications dip slightly though rates fall: MBA
(Reuters) - Applications for U.S. home loans dipped slightly in the latest week, as a drop in demand for purchase loans outweighed an increase in refinancing demand, data from an industry group showed on Wednesday.
Global investment banking fees up 3 percent in first nine months
LONDON (Reuters) - Fees earned for global investment banking services rose 3 percent in the first nine months of 2013 from a year ago, according to Thomson Reuters data.
Sharper display Apple iPad Mini faces delay-sources
TAIPEI/TOKYO (Reuters) - Apple Inc will be unable to widely roll out a new version of the iPad Mini with a high-resolution "retina" display this month, people who work in the company's supply chain said, leaving the gadget without the sharper screen found on rival tablets from Google Inc and Amazon.com Inc.
BofA names Japan's Seguchi sole head of Asia-Pac investment bank: memo
TOKYO/HONG KONG (Reuters) - Jiro Seguchi, co-head of Bank of America Merrill Lynch's investment banking business in Asia Pacific, will move from Tokyo to Hong Kong to become the sole head of those operations, according to an internal memo obtained by Reuters on Wednesday.
Central European profit plunge hits Tesco's recovery drive
LONDON (Reuters) - Plunging profits in mainland Europe blew a fresh hole in Tesco's recovery plan on Wednesday, piling pressure on the world's No.3 retailer as it struggles to reverse market share losses in its main UK market and extricate itself from other foreign failures.
EU approves 20.5 million euro French aid for Renault hybrid fuel project
BRUSSELS (Reuters) - European Union state aid regulators approved on Wednesday 20.5 million euros ($27.73 million) in French support for carmaker Renault to develop a diesel hybrid technology which will cut diesel use and carbon dioxide emissions for vans.
Insight: Pre-electoral feuding threatens Nigeria's economy
LAGOS/ABUJA (Reuters) - In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss.
Poland determined to get compensation for Dreamliner glitches
WARSAW (Reuters) - Poland is determined to get compensation from Boeing for the glitches haunting its 787 Dreamliner jets which are used by the country's state-controlled carrier LOT , its treasury minister said on Wednesday.
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