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Wednesday, September 3, 2014

Daily Investor Briefing: Strong factory orders, auto sales...

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09/3/2014
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
Strong factory orders, auto sales brighten U.S. economic picture
WASHINGTON (Reuters) - New orders for U.S. factory goods posted a record gain in July and auto sales last month appeared to increase at their fastest annualized pace since early 2006, offering further bullish signals for the economy.
Apple, Google resume talks with tech workers in hiring lawsuit: filing
SAN FRANCISCO (Reuters) - Four technology companies, including Apple and Google , have resumed mediation talks with tech workers in a high-profile lawsuit over hiring practices in Silicon Valley, according to a court filing.
S&P 500, Nasdaq end down with Apple
NEW YORK (Reuters) - The Nasdaq and S&P 500 ended lower on Wednesday, dragged down by a drop in shares of Apple , while the Dow finished with a slight gain.
Exclusive: Icahn sells entire stake in Family Dollar - sources
NEW YORK (Reuters) - Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc , making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.
Google's Calico, AbbVie forge deal against diseases of aging
(Reuters) - U.S. drugmaker AbbVie Inc and Calico, a new company set up by Google Inc to cure diseases of aging, will each invest $250 million to help create Calico research facilities and collaborate on discovery and development of new medicines.
Detroit, creditors lay groundwork for fight over bankruptcy plan
DETROIT (Reuters) - Detroit claimed on Wednesday that its plan to adjust its debt and exit bankruptcy is feasible and fair to creditors, but a bond insurance company contended the plan calls for "historic levels of discrimination" among creditors.
U.S. regulators adopt tighter rules for banks' cash needs
WASHINGTON (Reuters) - U.S. regulators on Wednesday issued rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.
Carmakers report best U.S. August since 2003
DETROIT (Reuters) - U.S. August auto sales were the highest for that month in more than a decade, thanks in part to heavy discounting by the manufacturers and a strong Labor Day weekend close, with the industry selling at an annualized pace not seen since early 2006.
Apple shares slump ahead of September 9 iPhone launch
NEW YORK (Reuters) - Apple Inc shares were on track Wednesday for their worst day since January just days ahead of the launch of its latest iPhone, with one brokerage warning of a stock downgrade unless its new products show better promise for profit growth.
Tesla settles on Nevada for battery factory: source
DETROIT (Reuters) - Tesla Motors Inc is finalizing terms of a deal to build its first lithium-ion battery plant in Nevada and will make an announcement about the deal on Thursday, a person familiar with the matter said.
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