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Monday, October 14, 2013

Daily Investor Briefing: Wall Street rises on hopes for a...

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10/14/2013
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
Wall Street rises on hopes for a budget deal
NEW YORK (Reuters) - U.S. stocks ended a volatile session with modest gains on Monday, as investors bet that there would soon be a deal in Washington to increase the debt limit, though there were no obvious signs of progress.
Analysis: U.S. race to clinch debt sales may prove costly
NEW YORK (Reuters) - It sounds like the plot of a pulpy Hollywood thriller: a mad dash for more than $100 billion in cash in the 48 hours before the clock runs out.
U.S. senators close in on fiscal deal as deadline looms
WASHINGTON (Reuters) - U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months, though many hurdles remained as a Thursday deadline drew near.
Insight: Philippines infrastructure: taking the slow train to nowhere
MANILA (Reuters) - Images of a portion of the Philippines' oldest light rail transit line ablaze in the middle of the night were exactly what private sector bidders for a $1.4 billion rehabilitation of the country's rail system had feared.
Franco-German divisions cloud efforts to fix broken banks
LUXEMBOURG (Reuters) - The euro zone wrestled on Monday with the question of who should pay for a clean-up of bust banks, as Franco-German divisions cast a cloud over efforts to seal a landmark reform and draw a line under the region's financial crisis.
BlackBerry issues open letter to calm customers and partners
TORONTO (Reuters) - BlackBerry Ltd on Monday sought to reassure its restive customers and partners that it was financially stable and "here to stay," even though it announced massive layoffs and sources say it is in talks to sell all or part of the company.
Boeing rebuts critical Pentagon report on helicopter parts
WASHINGTON (Reuters) - Boeing Co on Monday rebutted a Pentagon's inspector general report that said the company overcharged the U.S. Army by up to $16.6 million on a $4.4 billion helicopter contract and said it was still waiting to receive the final report under a Freedom of Information Act request.
GSW accepts Deutsche Wohnen offer, group to raise dividend
FRANKFURT (Reuters) - German Real estate company GSW said on Monday it would recommend its shareholders accept Deutsche Wohnen's takeover offer, taking the 1.7 billion euro bid ($2.3 billion) one step closer to a possible completion.
Rival airline attacks Alitalia rescue as illegal
MILAN/PARIS (Reuters) - A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-bankrupt carrier flying.
Asmussen rejects Athens' call for ECB to roll over Greek bonds
ATHENS/LUXEMBOURG (Reuters) - The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens' hopes it will help plug a funding gap next year through such a move.
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