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Friday, January 24, 2014

Business Today: Wall Street tumbles on emerging market concerns

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01/24/2014
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
Wall Street tumbles on emerging market concerns
NEW YORK (Reuters) - Stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.
EBay reliance on PayPal for growth lowers chances of spinoff
NEW YORK (Reuters) - EBay Inc is fighting the proposal by activist investor Carl Icahn to spin off PayPal because it views the payments service as crucial to long-term growth prospects of the e-commerce company.
No bank too big to indict, U.S. attorney general says
WASHINGTON (Reuters) - No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney General Eric Holder said in a television interview.
Insight: U.S. pensions' funding gap closes, driving corporate profits
NEW YORK (Reuters) - Corporate America is rapidly healing one of the last wounds suffered in the 2008 financial crisis.
JPMorgan directors raise Dimon's pay after prior cut
NEW YORK (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co , got a 74 percent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income.
Big Four firms, China in talks over corporate audit impasse: KPMG
DAVOS, Switzerland (Reuters) - In the midst of a U.S.-China quarrel over corporate auditing, the global chairman of audit giant KPMG said on Friday that a "constructive dialogue" was under way to defuse the dispute, which led days ago to U.S. sanctions against the Chinese arms of the world's largest accounting firms.
Aircraft finance on cloud nine as new money pours in
DUBLIN (Reuters) - Crisis, what crisis? The good times are rolling in the aircraft finance industry as yield-hungry investors gamble on growing demand for air travel, banishing recent jitters over funding.
Carrefour seals deal to buy 127 Klepierre malls
PARIS (Reuters) - France's Carrefour said on Friday it signed a binding agreement with real estate group Klepierre to buy a portfolio of 127 shopping malls in Europe, with the deal expected to close in the first half of 2014.
Former JPMorgan exec sued over $2 million Cantor Fitzgerald loan
NEW YORK (Reuters) - Irvin Goldman, who briefly oversaw risk at JPMorgan Chase & Co during the "London Whale" derivatives debacle, is being sued for non-payment of a $2 million loan he received while working for Cantor Fitzgerald & Co.
Boeing bullish on Brazil despite lost fighter jet deal
SAO PAULO (Reuters) - Boeing Co says its failure to win a $4 billion-plus fighter jet deal in Brazil was a lost opportunity that will lead it to scale back planned investments in the country, although it still sees excellent opportunities in cargo, defense and biofuels.
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