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Tuesday, October 22, 2013

Business Today: U.S. job growth lost momentum before budget fight hit

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10/22/2013
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U.S. job growth lost momentum before budget fight hit
WASHINGTON (Reuters) - U.S. employers added far fewer than expected workers in September, suggesting a loss of momentum in the economy that supported the Federal Reserve's decision to maintain its monthly bond purchases.
Stock futures rise after payroll report
NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday following the delayed release of the September payroll report, which showed 148,000 jobs added in the month.
Solar panel parts, Kevlar fiber boost DuPont profit
(Reuters) - U.S. chemical maker DuPont's third-quarter profit beat analysts' estimates, helped by a strong performance in its solar panel parts and Kevlar body armor businesses.
Analysts raise Netflix targets but ask if shares now too high
(Reuters) - Strong subscriber gains by Netflix Inc prompted analysts to sharply raise price targets on the stock, even as some worried that the shares are getting expensive as the online online video company faces bigger bills for original programs.
Osborne says growth alone won't fix British deficit
LONDON (Reuters) - Britain's finance minister vowed to stick to the path of austerity, saying economic recovery on its own would not be enough to fix the budget deficit and the causes of over-spending still needed to be addressed.
Ex-UBS banker wanted in the U.S. appears at Italian court after arrest
BOLOGNA, Italy (Reuters) - Raoul Weil, the former UBS banker wanted in the United States over allegations of helping Americans dodge taxes, appeared for a court hearing in Italy on Tuesday in the first step towards possible extradition.
China central bank may tighten cash supply as home prices fuel inflation fears
BEIJING (Reuters) - China signaled concern on Tuesday that ample credit could fuel inflation as a report showed house prices jumped the most in nearly three years, with double-digit gains in major cities.
McGraw Hill profit beats estimates as S&P shines
(Reuters) - Standard & Poor's owner, McGraw Hill Financial Inc , reported a higher-than-expected 56 percent jump in quarterly profit due to strong growth at the rating agency and S&P Dow Jones indices.
Lockheed third-quarter profit tops estimates, lifts full-year outlook
WASHINGTON (Reuters) - Lockheed Martin Corp , the No. 1 supplier to the Pentagon, reported higher third-quarter earnings on Tuesday despite a 4 percent drop in sales, and lifted its forecast for full-year earnings.
Harley-Davidson profit rises, shipment forecast unchanged
(Reuters) - Harley-Davidson Inc reported higher quarterly earnings on Tuesday, lifted by the normal summer surge in motorcycle sales in its key North American market, but it kept its full-year forecast for global bike shipments unchanged.
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