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Business - Chrysler reports U.S. auto sales jump 19 percent

DETROIT (Reuters) - Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned. A Reuters survey of nine industry analysts showed expectations of a 10 percent rise to about 1.25 million vehicles sold in September industrywide. Chrysler was the first major automaker in the U.S. market to report sales. Most other automakers will release their results later Wednesday morning. ...

Wednesday, October 01, 2014  13:45


World - Only Ukraine and EU can change trade deal, Barroso tells Putin

BRUSSELS (Reuters) - Amendments to a EU-Ukraine trade deal at the centre of tensions between Russia and the West can only be agreed between Brussels and Kiev, the head of the European Commission has said. Russian President Vladimir Putin wants to see three-way negotiations to amend the accord, which Russia says will hurt its economy, and has threatened to curtail Ukraine`s access to Russian markets if Kiev implements the deal as it is. ...

Wednesday, October 01, 2014  13:26


Business - Stock futures begin fourth quarter flat, data awaited

By Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors looked ahead to a number of economic reports that could set the tone for the fourth quarter on Wall Street. * Markets are coming off a positive third quarter with a seventh straight quarterly gain for both the S&P 500 and Nasdaq, but also a decline for major indexes in September. * The S&P has largely traded in a range for the past six weeks, finding resistance at its record close and support at its 50-day moving average. ...

Wednesday, October 01, 2014  13:08


Market - Top 10 companies lobbying Washington

Many publicly traded companies spend millions a year for political influence. It hasn`t done much for their stock performance.

Wednesday, October 01, 2014  12:50


Business - Ackman`s Pershing Square raises $3 billion in fund listing

LONDON (Reuters) - Pershing Square Holdings, one of Bill Ackman`s investment funds, said on Wednesday it had completed a $2.73 billion placing ahead of a stock market listing in Amsterdam. The firm added the exercise of an over-allotment option would see the value of the placing rise to S$3 billion. Pershing Square Holdings` shares are expected to be admitted for listing and trading on Euronext Amsterdam on Oct. 13. (Reporting By Francesco Canepa; editing by Simon Jessop)

Wednesday, October 01, 2014  11:35


Business - BNY Mellon to shut derivatives sales, trading business

(Reuters) - Bank of New York Mellon Corp will exit the derivatives sales and trading business that operates as part of the company`s global markets group. `Global Markets will offer a modified version of its cash rates offering to support BNY Mellon`s investment services clients,` company spokesman Ron Summer said in an email. The decision affects about 50 people, almost all in New York, Bloomberg said, citing a person familiar with the matter. ...

Tuesday, September 30, 2014  23:35


Top Stories - Spying app creator arrested

The creator of StealthGenie, a mobile app marketed as a tool for spying on cheating spouses and keeping tabs on children, has been arrested, according to federal authorities.

Tuesday, September 30, 2014  16:09


Business - Bitcoin-mining company Butterfly Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.>

Wednesday, September 24, 2014  05:07


World - Tough sell: marketing Uganda to gay travellers

Kampala (AFP) - Uganda is probably the last place a gay holidaymaker would want to visit, but tourism bosses in the east African nation are nevertheless trying to achieve the seemingly impossible.

Wednesday, October 01, 2014  06:39


World - Asian stocks mixed after Wall Street decline

BANGKOK (AP) Asian stocks were mixed Wednesday after Wall Street slid and South Korea reported factory output contracted, while markets in China and Hong Kong were closed for a holiday.

Wednesday, October 01, 2014  04:49

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