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Monday, October 21, 2013

Daily Investor Briefing: U.S. existing home sales fall, price...

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10/21/2013
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
U.S. existing home sales fall, price appreciation slows
WASHINGTON (Reuters) - U.S. home resales fell in September and prices cooled as higher mortgage rates took the edge off the housing market recovery.
Wall Street flat with earnings in focus
NEW YORK (Reuters) - Wall Street closed flat on Monday as lackluster earnings reports from McDonald's and others fed concerns equities were overpriced and kept the S&P 500 from building significantly on last week's record high.
Business jet sales to top $18 billion as buyers seek bigger planes
NEW YORK (Reuters) - Sales of business jets are expected reach $18.4 billion this year, up about 8 percent from last year, a sign of further economic strengthening despite some pockets of weakness notably in Asia, according to a forecast by Honeywell Aerospace .
Goldman Vice Chairman Evans to retire at year-end
NEW YORK (Reuters) - Goldman Sachs Group Inc Vice Chairman J. Michael Evans will retire from his position at year-end, the bank said on Monday, eliminating a top rival of Chief Operating Officer Gary Cohn in the race to become the next head of Wall Street's biggest investment bank.
U.S. high court declines to hear privacy lawsuit against Thomson Reuters
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp can obtain and sell information on drivers provided by state agencies without violating a federal privacy law.
Harvard taps investment arm veteran to oversee private equity
BOSTON (Reuters) - Harvard Management Company, which manages the Ivy League school's $32.7 billion endowment, said on Monday it promoted Lane MacDonald to oversee its private equity investments.
Penney no longer on Martha Stewart board in revised deal
(Reuters) - Martha Stewart Living Omnimedia Inc and J.C. Penney Co Inc said on Monday that Penney will no longer be represented on Martha Stewart's board under a revised commercial agreement covering their licensing and design partnership.
Italian unions to strike over government budget
ROME (Reuters) - Italy's three main trade union confederations will hold rolling strikes and protests against the government's 2014 budget plan, they said on Monday, piling more pressure on Enrico Letta's fragile coalition.
Madoff employees lived high on corporate money, prosecutors say
NEW YORK (Reuters) - Members of Bernard Madoff's inner circle indulged in expensive wine, cruises and jaunts to Las Vegas, all paid for by his investment firm, prosecutors said on Monday in a trial of five former long-time Madoff associates.
Siemens wins dismissal of U.S. lawsuit alleging Asia bribery
NEW YORK (Reuters) - A U.S. judge has thrown out a lawsuit accusing Germany's Siemens AG of funneling kickbacks to Chinese and North Korean hospital officials, narrowing the ability of plaintiffs to use U.S. courts to sue over conduct outside the country.
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