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Friday, November 1, 2013

Business Today: Stock futures point to slight gains at the open

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11/1/2013
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
Stock futures point to slight gains at the open
NEW YORK (Reuters) - U.S. stock index futures pointed to slight gains at the open on Friday, indicating a Wall Street rebound following two days of losses spurred by concerns over Federal Reserve policy.
JPMorgan discloses wider probes of hiring, currency trading
(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.
Chevron earnings down on refining, well output rises
(Reuters) - Chevron Corp , the second-largest U.S. oil company, reported on Friday a decline in quarterly profit due to the impact of lower refining margins, while oil and gas production increased but remained short of its target.
Walmart kicks off online holiday deals early in intense season
NEW YORK (Reuters) - U.S. retailers facing the shortest holiday season in years are preparing to assail customers with deals and promotions this week, before they have even digested their Halloween candy.
Asia factory activity picks up; Britain coasts along
BEIJING (Reuters) - Demand for exports drove the fastest upturn in Asia's factories in months during October, led by China, as Friday's business surveys also showed UK manufacturers still expanding.
Publicis, Omnicom merger gets U.S. antitrust green light
PARIS (Reuters) - Advertising groups Publicis and Omnicom received no objections from U.S. antitrust authorities for their proposed merger, they said on Friday, taking them a step closer to creating a new world leading player.
Chrysler sales rise 11 percent but miss expectations
DETROIT (Reuters) - U.S. October auto sales for Chrysler Group LLC rose 11 percent from a year before, missing analysts' expectations despite strong sales of its Ram pickup truck and Jeep Grand Cherokee.
Russian PM wants cheaper credit to stimulate economy
MOSCOW (Reuters) - Russia must boost the flow of credit to businesses to promote an investment-led recovery but will not throw fiscal caution to the wind to overcome the drag on the economy from weak exports, Prime Minister Dmitry Medvedev said.
RBS avoids break-up with 38 billion pounds 'internal bad bank'
LONDON (Reuters) - Royal Bank of Scotland is to create an internal "bad bank" to fence off its riskiest assets, part of a raft of measures designed to heal its relationship with the British government and speed up its eventual privatization.
Japan growth seen slowing in third quarter, shoppers set to take up slack
TOKYO (Reuters) - Japan's economic growth may have slowed in July-September as consumer spending and exports moderated, but growth will quickly bounce back as shoppers spend up before a sales tax hike next year, a Reuters survey found.
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