Business Today: Weak outlooks doom Dow to worst day in four months

	Click to View in Browser 10/23/2012 Weak outlooks doom Dow to worst day in four months NEW YORK (Reuters) - Stocks fell on Tuesday, driving the Dow industrials to the biggest drop since June 21, as weak results from index members DuPont and United Technologies showed profit growth is slowing. Facebook mobile gains spur revenue growth SAN FRANCISCO (Reuters) - Facebook Inc posted a 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of larger-than-expected gains in mobile. Apple unwraps mini-iPad to take on Amazon, Google SAN JOSE (Reuters) - Apple Inc will begin to sell an 8-inch version of the iPad on Friday to compete with smaller tablets including Amazon.com Inc's Kindle, but set a higher-than-expected price tag of $329 that Wall Street fears could curb demand. Judges to weigh Rajaratnam appeal of insider case NEW YORK (Reuters) - A panel of judges on Thursday will hear arguments that U.S. prosecutors should not have been able to play dozens of FBI wiretaps at the criminal trial of hedge fund tycoon Raj Rajaratnam, a closely watched appeal in one of the biggest insider-trading cases in a generation. Sirius XM says CEO to step down (Reuters) - Sirius XM Radio Inc said Chief Executive Mel Karmazin will step down on February 1, 2013, after the expiry of his employment agreement. Consumers seen lifting GDP, but pace sluggish WASHINGTON (Reuters) - A late spurt in consumer spending probably lifted U.S. economic growth in the third quarter, but the pace of expansion will be too meager to raise hopes stubbornly high unemployment will come down much further anytime soon. Apax, KKR, Madison Dearborn bid for Heartland Dental: sources NEW YORK (Reuters) - Private equity firms KKR & Co , Apax Partners and Madison Dearborn Partners are bidding for Heartland Dental Care Inc, one of the largest U.S. dental practice management companies and which could be worth around $1.3 billion, according to people familiar with the matter. Wells Fargo raises share buyback authorization (Reuters) - Wells Fargo & Co , the fourth-largest U.S. bank by assets, said its board had increased its stock repurchase authorization by 200 million shares. Companies sharpen job-cutting shears as sales slow BOSTON (Reuters) - Faced with weakening revenue, two of the largest U.S. companies warned on Tuesday that they would cut jobs to protect profits. EU to mull plan to bring non-euro states into bank union BRUSSELS (Reuters) - European Union countries will examine a plan this week to allow the ECB to supervise banks in states outside the euro zone alongside those within the currency area, according to an EU document that lays down limits on the central bank's role. Related Video Saft Says: Maybe it's not such a small world after all Daily Digit: DuPont to cut 1,500 jobs Economic News Consumers seen lifting GDP, but pace sluggish As unconventional U.S. oil, gas boom, so do jobs: report A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend