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Wednesday, October 1, 2014

Daily Investor Briefing: U.S. factories lose steam but private...

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10/1/2014
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
U.S. factories lose steam but private sector steps up hiring
WASHINGTON (Reuters) - Growth in U.S. factory activity slowed more than expected in September even as hiring in the private sector accelerated, signs of an uneven expansion in the U.S. economy.
Wall Street drops on Ebola concerns; small caps stumble
NEW YORK (Reuters) - U.S. stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, and the Russell 2000 index ended in correction territory.
New York Times to cut jobs as new products disappoint
(Reuters) - The New York Times Co said it would cut jobs, including about 7.5 percent of its newsroom positions, as advertising revenue dwindles and new digital products fail to live up to expectations.
Exclusive: Goldman leads investment by Wall Street in new communications platform
NEW YORK (Reuters) - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.
Torrid U.S. car sales pace slowed in September
DETROIT (Reuters) - U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry's torrid summer pace is slowing.
CitiMortgage, Wells lose bid to end lawsuit over credit reports
NEW YORK (Reuters) - Wells Fargo Bank and Citigroup's mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge has ruled.
Coca-Cola, bowing to pressure, amends employee equity plan
(Reuters) - Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.
Ford loses bid to recoup $450 million interest on overpaid taxes
(Reuters) - A federal appeals court rejected Ford Motor Co's bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker.
Ackman's Pershing Square raises $3 billion in fund listing
LONDON (Reuters) - Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion ahead of a stock market listing in Amsterdam, the company said on Wednesday.
Exclusive: BATS eyes Concannon, Marques for exchange president
NEW YORK (Reuters) - BATS Global Markets has narrowed its search for a new president to two industry executives with close ties to the No. 2 U.S. stock market operator, three sources familiar with the situation said on Wednesday.
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