Business Today: Exclusive: JPMorgan to stop making student loans - company memo

	Click to View in Browser 09/5/2013 Exclusive: JPMorgan to stop making student loans - company memo NEW YORK (Reuters) - JPMorgan Chase & Co will stop making student loans in October, according to a document reviewed by Reuters on Thursday, after the biggest U.S. bank concluded that competition from federal government programs limits its ability to expand the business. Retailers rely on discounts to win back-to-school shoppers NEW YORK (Reuters) - Some U.S. retailers reported stronger-than-expected August sales on Thursday, but many of them had to resort to deep discounts to attract back-to-school shoppers. Wall Street ticks up on data but Fed caution caps gains NEW YORK (Reuters) - U.S. stocks edged up on Thursday, rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday's payrolls report and its implication on the Federal Reserve's stimulus program. Wal-Mart and Washington D.C. in minimum wage showdown WASHINGTON (Reuters) - District of Columbia Mayor Vincent Gray could decide as early as this week whether to sign a minimum wage bill that could discourage Wal-Mart Stores Inc , the world's biggest retailer, from opening stores in the U.S. capital. U.S. jobs, service sector data suggest Fed could taper soon WASHINGTON/NEW YORK (Reuters) - Solid U.S. jobs and service sector data on Thursday bolstered views the Federal Reserve could start slowing its bond-buying program as soon as this month, but plunging orders for factory goods highlighted uncertainty around the economic outlook. Raymond James hires Morgan Stanley team in Maine (Reuters) - Raymond James Financial Inc said on Thursday it hired a team of four former Morgan Stanley Wealth Management advisers who managed more than $500 million in client assets to join the firm in Maine. Emerging market pain dominates G20 economy talks ST. PETERSBURG, Russia (Reuters) - Emerging and developed G20 powers struggled to find common ground on Thursday over the turmoil unleashed by the prospect of the United States reducing a flood of dollars to the world economy. Penney to scrap Martha Stewart home goods line: NYPost (Reuters) - J C Penney Co Inc is scrapping a line of products designed by Martha Stewart that rival Macy's Inc has claimed violated its contract with the home goods doyenne, the New York Post reported, citing sources familiar with the matter. Alaska officials lobby Wal-Mart on salmon-critical move ANCHORAGE, Alaska/SEATTLE (Reuters) - Alaska officials lobbied Wal-Mart Stores Inc on Thursday to keep selling the state's wild-caught salmon despite their decision to drop an environmental certification label required by the world's largest retailer. U.S. unlikely to block Chinese purchase of Smithfield WASHINGTON (Reuters) - The U.S. government should soon give the go-ahead for the largest ever Chinese acquisition of a U.S. company: a Chinese food group's $4.7 billion deal to buy Smithfield Foods Inc , a person familiar with the matter told Reuters. Related Video BlackBerry seeks sale by November ECB ready to act over money market rates Economic News Retailers rely on discounts to win back-to-school shoppers U.S. jobs, service sector data suggest Fed could taper soon 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