Business Today: Wall Street succumbs to Apple's fall, "cliff" uncertainty

	Click to View in Browser 12/14/2012 Wall Street succumbs to Apple's fall, "cliff" uncertainty NEW YORK (Reuters) - Stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations. Odds rise for "fiscal cliff" fight entering 2013 WASHINGTON (Reuters) - The "fiscal cliff" impasse is raising the odds that Congress will fail to meet a year-end deadline to avert steep tax hikes and budget cuts that could push the nation into another recession. Fiat CEO: plan to buy Chrysler shares NEW YORK (Reuters) - Italian carmaker Fiat SpA fully intends to acquire the 41.5 percent of Chrysler Group shares that it does not now own, but wrangling over the price could continue for a while, Fiat-Chrysler chief Sergio Marchionne said on Friday. Best Buy extends deadline for founder bid (Reuters) - Best Buy Co Inc agreed to extend the deadline to February 28 for founder Richard Schulze to make a bid for the company, continuing the uncertainty for shareholders over whether he can put a bid together. GE hikes dividend by 12 percent, boosts stock buyback plan (Reuters) - General Electric Co on Friday raised its dividend by 12 percent, with the higher payout starting in January, and it also authorized the buyback of another $10 billion in shares. UBS to admit Japan criminal wrongdoing in Libor case: sources ZURICH/LONDON (Reuters) - UBS will admit to criminal wrongdoing by its Japanese arm, where one of the Swiss bank's traders manipulated yen Libor and euroyen contracts, to secure a $1-billion-plus settlement with regulators, people familiar with the matter said on Friday. Chesapeake offers buyouts to 275 workers HOUSTON (Reuters) - Chesapeake Energy Corp has offered buyouts to 275 employees as part of the U.S. oil and gas company's effort to cut costs amid persistent low natural gas prices and heavy debt. Morgan Stanley promotes senior bankers in U.S. and Europe (Reuters) - Morgan Stanley has promoted several senior bankers to positions overseeing mergers and acquisitions in the U.S. and Europe, following a shakeup at the top level of that division last month. Chevron nears $150 million settlement in Brazil spill case RIO DE JANEIRO (Reuters) - Chevron Corp would be willing to pay about 300 million reais ($150 million) to settle lawsuits in Brazil over an offshore oil spill last year, a senior executive and a federal prosecutor said on Friday. Ford aims at GM by showing new F-150 at Detroit show: sources DETROIT (Reuters) - Ford Motor Co will offer a peek at its upcoming F-150 pickup truck at the Detroit auto show next month, the latest example of attempted one-upmanship in the highly competitive American truck market. Related Video Daily Digit: Prices drop 0.3% Europe hails 'breakthrough' but questions linger Economic News Odds rise for "fiscal cliff" fight entering 2013 Factories flex muscles post storm, inflation subdued 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