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Tuesday, September 24, 2013

Business Today: Dow, S&P 500 extend recent slide, down 4th session

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09/24/2013
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
Dow, S&P 500 extend recent slide, down 4th session
NEW YORK (Reuters) - The Dow and S&P 500 ended lower on Tuesday, extending their recent slide to a fourth session as worries over a possible U.S. government shutdown added to investor caution.
Analysis: By going private, Blackberry may buy time to fix itself
TORONTO (Reuters) - A tentative deal to take BlackBerry Ltd private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.
JPMorgan, U.S. Justice Dept. in 'fluid' talks to settle probes: WSJ
(Reuters) - JPMorgan Chase & Co and the U.S. Department of Justice are in 'fluid' talks to settle multiple probes of the company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
U.S. home prices up, but slip in confidence could be a concern
NEW YORK (Reuters) - U.S. home prices slowed their rate of gains in July and a dip in consumer confidence this month underscored the potential for higher borrowing costs and a sluggish economy to dent a housing market recovery.
Honeywell seeks clarity on U.S. airline display panel proposal
NEW YORK (Reuters) - Honeywell on Tuesday said it wanted U.S. air safety regulators to explain a new proposal to compel airlines to change cockpit instrument panels the company makes for Boeing planes over concerns that Wi-Fi signals could wipe out crucial readings and create a risk of crashing.
Wells Fargo fails to end U.S. mortgage fraud lawsuit
NEW YORK/WASHINGTON (Reuters) - A federal judge has rejected Wells Fargo & Co's bid to dismiss a U.S. government lawsuit accusing the nation's largest mortgage lender of fraud, a victory for federal investigators pursuing cases tied to the recent housing and financial crises.
Analysis: Fiat chief's dealmaking record at stake with Chrysler offering
MILAN/PARIS (Reuters) - Fiat boss Sergio Marchionne's decision to push ahead with a Chrysler IPO he does not want has raised the stakes in a buyout dispute with the U.S. carmaker's minority shareholder - as well as for his own legacy.
JPMorgan in talks to settle MBS case in California: sources
NEW YORK (Reuters) - JPMorgan Chase & Co is in last-minute talks with the U.S. government to settle a civil case that was to be filed accusing the bank of violating U.S. laws in its sale of mortgage bonds in California, according to sources familiar with the matter.
Fed following up on report of unusual trading around FOMC statement
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday it was following up with news organizations over a report of unusual trading around the release of its monetary policy statement last week.
Monte Paschi delays approval of new rescue plan
MILAN/ROME (Reuters) - The board of Monte dei Paschi di Siena , Italy's third biggest lender, delayed approval on Tuesday of a restructuring plan aimed at winning European Union approval for a 4.1 billion-euro ($5.5 billion) state bailout and averting nationalization.
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