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Thursday, October 3, 2013

Daily Investor Briefing: Wall Street ends lower as government...

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10/3/2013
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 ends lower as government shutdown goes on
NEW YORK (Reuters) - Wall Street retreated for a second straight day on Thursday as anxiety over the budget showdown grew on the third day of a U.S. government shutdown.
Exclusive: Security firm says iPhone bug can thwart device wiper
BOSTON (Reuters) - A German security company has uncovered a bug in the new iPhone's software that it said enables hackers to overcome a safeguard allowing users to remotely wipe stolen or lost phones.
Fed's Lockhart says government shutdown to hurt fourth quarter U.S. growth
ATLANTA (Reuters) - The partial shutdown of the U.S. government after Congress failed to agree on a plan to fund operations will hurt growth in the last quarter of this year, a top Federal Reserve official said on Thursday.
Tesla grapples with PR nightmare after battery fire in U.S.
DETROIT (Reuters) - A video that went viral of a burning Tesla electric car has emerged as a public relations nightmare for the company, analysts said Thursday, as the "green car" maker lost as much as $3 billion in market value two days after the incident in Washington state.
Insight: Little-known Hollywood investor poised to score with Twitter IPO
LOS ANGELES/ SAN FRANCISCO (Reuters) - When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet.
RadioShack gets new financing offers: sources
NEW YORK (Reuters) - U.S. retailer RadioShack Corp has received several offers for new financing, including one from current lenders Bank of America Corp and Wells Fargo & Co , three sources familiar with the matter told Reuters.
UK fraud prosecutor poised for more Libor charges
LONDON (Reuters) - Britain's leading prosecutor, the Serious Fraud Office (SFO), is poised to charge more individuals in connection with a global investigation into the Libor interest rate rigging scandal.
Appeals court revives Microsoft claim against Google
WASHINGTON (Reuters) - A federal appeals court on Thursday instructed the U.S. International Trade Commission to reconsider a ruling that gave Google Inc a victory over Microsoft Corp in a patent dispute.
U.S. jobless claims show job market healing but service sector slows
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits remained at pre-recession levels last week but growth in the massive U.S. service sector cooled in September as firms took on fewer new workers.
Taper talk hurt U.S. Treasury market liquidity: Fed survey
WASHINGTON (Reuters) - Liquidity in the ultra-deep U.S. Treasury market suffered during the period of high volatility between May and early July, after the U.S. Federal Reserve began talking about scaling back asset purchases, according to a Fed poll released on Thursday.
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