Business Today: Blue chips Chevron, Alcoa lead Wall Street's sell-off

	Click to View in Browser 10/10/2012 Blue chips Chevron, Alcoa lead Wall Street's sell-off NEW YORK (Reuters) - The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa as earnings season got under way. EADS, BAE call off world's biggest arms merger PARIS/BERLIN/LONDON (Reuters) - EADS and BAE Systems called off the world's largest defense and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal. JPMorgan CEO says he should have caught "London whale" trades WASHINGTON (Reuters) - The chief executive of JPMorgan Chase & Co said he should have caught the "London whale" derivatives trades that resulted in a multibillion-dollar loss for the bank. Cengage, Bain, Apollo eye McGraw-Hill unit: sources NEW YORK (Reuters) - McGraw-Hill Companies Inc's education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management as well as rival Cengage Learning Inc, in a deal that could fetch around $3 billion, several people familiar with the matter said. Exclusive: EBay tests deals on services, takes on Groupon (Reuters) - EBay Inc has been quietly testing an online marketplace for deals on local services, expanding into a multibillion- dollar market currently led by Groupon Inc. U.S. job openings edge lower, quits hold steady WASHINGTON (Reuters) - The number of U.S. job openings fell slightly in August, a troubling sign for a labor market that is recovering at a painfully slow pace. Wholesale inventories up; sales post gain WASHINGTON (Reuters) - Wholesale inventories rose as expected in August while sales at wholesalers posted the first gain after three consecutive months of decline, according to government data released on Wednesday. Toyota to recall 7.4 million vehicles over power window glitch TOKYO (Reuters) - Toyota Motor Corp said it would recall more than 7.4 million vehicles worldwide as a faulty power window switch was a potential fire hazard, the latest in a series of setbacks that have dented the reputation of Japan's biggest automaker. Yum says equipped to navigate China's "ups and downs" (Reuters) - Yum Brands Inc expects to continue delivering consistent performance in China - its biggest market for sales and operating profit - despite economic uncertainty there, the restaurant company's chief executive said on Wednesday. Wal-Mart stock hits new high as U.S. strength continues (Reuters) - Wal-Mart Stores Inc touted strong sales at its U.S. grocery stores and a big start to holiday layaway sales on Wednesday, helping to send shares of the world's largest retailer to an all-time high. Related Video Climate scientists urge protection of coastal ecosystems U2 producer creates new iPad 'Scape' Economic News Fed's Williams-tie rate vow to economic markers Wholesale inventories up; sales post gain 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