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Monday, November 25, 2013

Business Today: AMR seeks court approval for settlement paving way to US Airways merger

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11/25/2013
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
AMR seeks court approval for settlement paving way to US Airways merger
NEW YORK (Reuters) - The parent company of American Airlines on Monday asked a bankruptcy court to approve a settlement with U.S. regulators that would allow it to merge with rival US Airways Group and create the world's largest airline.
Wall St. closes flat; Nasdaq fails to hold 4,000
NEW YORK (Reuters) - Stocks barely budged on Monday, with the Nasdaq unable to hold on to gains that briefly sent the index over 4,000 for the first time in 13 years.
Private equity-backed groups vie for IMG as KKR exits: sources
NEW YORK (Reuters) - The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter.
Pending home sales hit 10-month low, services sector rebounds
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes hit a 10-month low in October, but a strong rebound in services sector activity early this month suggested some resilience in the economy as the year winds down.
Exclusive: Orrick, Pillsbury call off big law firm merger
NEW YORK (Reuters) - One of the biggest proposed law firm mergers of the year has been called off, the leaders of the two firms told Reuters Monday.
Analysis: What taper? Low rates for longer is key Fed theme for 2014
NEW YORK (Reuters) - Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.
Spain government, Repsol shareholders in Argentina for YPF talks: sources
MADRID (Reuters) - Spain's industry minister and executives and shareholders from Spanish oil major Repsol are in Argentina to negotiate with the government over compensation for YPF , three sources told Reuters on Monday.
Jaguar Land Rover plans $437 million Brazil factory: government
RIO DE JANEIRO (Reuters) - British luxury car builder Jaguar Land Rover is about to invest about 1 billion reais ($436.9 million) on a new manufacturing plant in Brazil's Rio de Janeiro state, three government sources told Reuters on Monday.
Qualcomm faces antitrust probe in China
(Reuters) - Qualcomm Inc said on Monday it faces an antitrust probe in China, sending its shares lower as investors worried the investigation could hurt the chipmaker's business in the fast-growing smartphone market.
Nasdaq's No. 2 executive leaving to head brokerage
NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday Eric Noll, the exchange operator's top internal candidate to replace Chief Executive Robert Greifeld, is leaving to become chief executive of brokerage and financial technology firm ConvergEx.
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