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Monday, September 24, 2012

Business Today: Wall Street slips after Caterpillar forecast, German data

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09/24/2012
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 slips after Caterpillar forecast, German data
NEW YORK (Reuters) - U.S. stocks edged lower on Monday as a disappointing forecast from Caterpillar and weak German data increased concerns that global growth may remain sluggish.
Apple sells over 5 million iPhone 5, supply constraints loom
(Reuters) - Apple Inc sold over 5 million iPhone 5 smartphones in the three days since it hit stores, but shares sagged as the company struggled to meet demand.
Exclusive: L.A. billionaire, Guggenheim plot AEG bid
LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the sports and real estate company, according to three sources with knowledge of the deal.
Fed's Williams: QE3 provides needed "oomph" to U.S. economy
SAN FRANCISCO (Reuters) - The Federal Reserve's latest round of monetary stimulus will help get the U.S. economy back on track and speed the return to full employment, a top official of the U.S. central bank said on Monday.
GE, MetLife tweak terms of deal for $7 billion in bank deposits
(Reuters) - MetLife Inc and General Electric Co have tweaked the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate, a move MetLife said would change the regulator in charge of approving the deal.
New Barclays chief ties executive compensation to societal goals
NEW YORK (Reuters) - Barclays Plc's new chief executive said he will pay employees based in part on whether they are good citizens, as the British bank tries to restore its tarnished reputation.
Germany lists EADS/BAE worries while UK starts inquiry
BERLIN/LONDON (Reuters) - Germany has deep reservations about proposals to merge Airbus parent EADS and Britain's BAE Systems , an official document showed, as the British parliament began an inquiry into the planned European defense and aerospace giant.
IMF chief sees shaky confidence denting global growth
WASHINGTON (Reuters) - The International Monetary Fund is set to cut its forecast for global growth next month with uncertainty over whether European policymakers will keep promises to address the euro zone crisis weighing on confidence, the head of the IMF said on Monday.
Total plans 1.2 billion euro investment in Antwerp refinery
LONDON (Reuters) - Total plans to invest over 1 billion euros at its Belgian refining and petrochemical complex - Europe's second-largest - to boost its diesel-making capacity and create cost-cutting synergies, a senior executive said on Monday.
Exclusive: Brazil delays jets decision until 2013; Boeing ascendant
UNITED NATIONS (Reuters) - Brazilian President Dilma Rousseff has decided to wait until mid-2013 to make a decision on a multibillion-dollar Air Force jets contract, and Boeing's chances of winning the deal have improved due to its recent alliances with local aircraft maker Embraer, two senior officials told Reuters.
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