Business Today: Wall Street rebounds as government shutdown seen short-lived

	Click to View in Browser 10/1/2013 Wall Street rebounds as government shutdown seen short-lived NEW YORK (Reuters) - U.S. stocks kicked off a new month and a new quarter with gains on Tuesday as investors, for now, appeared confident that the first partial government shutdown in nearly two decades would be short-lived. United States seeks delay in trial on US Air, AMR deal due to shutdown WASHINGTON (Reuters) - The U.S. Department of Justice, which is fighting a proposed merger of US Airways Group Inc and American Airlines parent AMR Corp , asked a judge on Tuesday to postpone a trial in the case, saying the federal government shutdown would prevent its staff from working. Ford up, GM down in subdued month for U.S. auto sales DETROIT (Reuters) - U.S. consumer demand for new vehicles cooled slightly in September, as expected, as Ford Motor Co topped analysts' expectations, but General Motors Co fell short. Venezuela fledgling currency system spawns $859 million mystery CARACAS (Reuters) - Venezuela's efforts to put hard currency in the hands of dollar-starved businesses, to ease embarrassing shortages of consumer goods, are instead drawing complaints from trade groups who say they have no idea where the money has gone. Ex-Goldman VP Tourre seeks to toss fraud verdict in SEC case NEW YORK (Reuters) - A former Goldman Sachs Group Inc vice president who was found liable for securities fraud over a failed mortgage transaction asked a federal judge to dismiss the U.S. Securities and Exchange Commission case against him or set a new trial. Maersk bullish on Latin America, eyes Mexico's deep water oil MEXICO CITY (Reuters) - Danish oil and shipping group A.P. Moller-Maersk sees big investment potential in Latin America, including deep water oil projects and ports in Mexico, its chief executive said on Tuesday. Exclusive: MoneyGram to stay public as buyout talks fail - sources (Reuters) - MoneyGram International Inc has decided to remain public after talks with private equity firms over a leveraged buyout did not result in an offer in line with its expectations, three people familiar with the matter said this week. Newmont says Las Bambas comments were 'misrepresented' (Reuters) - The Financial Times took comments from Newmont Mining Corp's chief executive out of context when it wrote that the U.S. gold miner had joined the race to buy Glencore Xstrata Plc's Las Bambas copper project, Newmont said on Tuesday. At trial, BP denies dithering during response to U.S. Gulf spill NEW ORLEANS (Reuters) - Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs' lawyers at trial on Tuesday that the British company denied. Merck to slash annual costs by $2.5 billion, cut 8,500 jobs (Reuters) - Merck & Co, taking a cue from rival drugmakers that have slashed research spending to bolster earnings, said it will cut annual operating costs by $2.5 billion and eliminate 8,500 jobs, or more than 10 percent of its global workforce. Related Video Daily Digit: No pay for 1mln workers New boss, new fortunes for RBS? Economic News White House rejects latest Republican offer to end shutdown Detroit's expected bond default seen raising constitutional issue 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