Business Today: Wall Street ends down on second day of shutdown

	Click to View in Browser 10/2/2013 Wall Street ends down on second day of shutdown NEW YORK (Reuters) - U.S. stocks ended lower on Wednesday on the second day of a partial U.S. government shutdown shortly before congressional leaders and President Barack Obama were scheduled to meet to discuss the budget impasse and raising the U.S. debt limit. General Motors takes a look under Tesla's hood (Reuters) - In Wall Street's retelling of the biblical Book of Samuel, General Motors Co is Goliath and electric car maker Tesla Motors Inc is David, the would-be giant slayer. BlackBerry shares rise on possible Cerberus bidding interest TORONTO/NEW YORK (Reuters) - The possibility of a second offer for BlackBerry Ltd reversed a slide in its stock price on Wednesday after the struggling smartphone maker said it expected to record $400 million in pre-tax charges related to cuts announced last month. Danone wants full compensation from Fonterra after recall WELLINGTON (Reuters) - Danone says it is seeking full compensation from New Zealand dairy exporter Fonterra over a contamination scare involving a Fonterra ingredient used in milk formula produced by the French food manufacturer. Obama: Fed chair will prevent asset bubbles, focus on jobs WASHINGTON (Reuters) - President Barack Obama said on Wednesday his selection of a nominee to head the Federal Reserve when Chairman Ben Bernanke's term ends in January will prevent asset bubbles from forming but will also try to lower a high jobless rate. Activist investor Loeb calls on Sotheby's CEO to quit (Reuters) - Activist investor Daniel Loeb's Third Point LLC has raised its stake in Sotheby's and called for the resignation of the auctioneer's chief executive and chairman on concerns about the company's leadership and strategic direction. Fed's Rosengren: trimming bond-buying would be 'premature' (Reuters) - Slow growth and a weak jobs market mean the U.S. economy will continue to need support from accommodative monetary policy for years to come, a top U.S. central banker said on Wednesday. U.S. private sector jobs tepid, mortgage applications near flat NEW YORK (Reuters) - U.S. private employers added fewer jobs than expected in September and mortgage applications remained near flat in the latest week, underscoring expectations that growth in the world's biggest economy will stay steady but sluggish. BP's well control executive says was unprepared for U.S. Gulf blowout NEW ORLEANS (Reuters) - BP's manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently plug a ruptured oil well and said in court on Wednesday the British company was not fully prepared for the worst offshore oil spill in U.S. history. Fed trying to ensure small banks not hurt by new rules: Bernanke WASHINGTON (Reuters) - The Federal Reserve is being careful not to place too great a burden on smaller banks as it seeks to beef up regulation of the financial system, Fed Chairman Ben Bernanke said on Wednesday. Related Video Italy plays out political drama Still no EBC action yet for euro zone Economic News Fed trying to ensure small banks not hurt by new rules: Bernanke Fed's Rosengren: trimming bond-buying would be 'premature' 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