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Wednesday, September 25, 2013

Business Today: Wall Street ends down for fifth session as budget debate, Wal-Mart weigh

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09/25/2013
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
Wall Street ends down for fifth session as budget debate, Wal-Mart weigh
NEW YORK (Reuters) - U.S. stocks fell on Wednesday and the S&P 500 put in a fifth day of losses, its worst losing streak since the end of 2012, on jitters funding for the federal government would run out and after a drop in shares of the world's largest retailer, Wal-Mart Stores.
JPMorgan in talks to settle government probes for $11 billion: reports
NEW YORK (Reuters) - JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, according to published reports.
Citigroup to pay $395 million to settle Freddie Mac mortgage claims
(Reuters) - Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims on potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012.
Fairfax's Watsa says confident BlackBerry bid will succeed
TORONTO (Reuters) - Fairfax Financial Holdings Ltd's Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money needed to fund a $4.7 billion bid for struggling smartphone maker BlackBerry Ltd.
Exclusive: GTCR looks to sell U.S. hospital company Capella - sources
NEW YORK (Reuters) - Private equity firm GTCR LLC is exploring a potential sale of Capella Healthcare, a hospital operator that may be valued at a little less than $1 billion, two people familiar with the matter said on Wednesday.
Libor scandal shows pressures on 'honest brokers'
DUBLIN/LONDON (Reuters) - Evidence that interdealer brokers at ICAP conspired to rig Libor for a bank trader raises questions over such firms' role as honest go-betweens among banks and highlighted the pressure customers can put on them.
ICAP fined $87 million over Libor, three former staff charged
LONDON (Reuters) - U.S. and British authorities on Wednesday fined ICAP, the world's biggest interdealer broker, $87 million and laid criminal charges against three former employees over the Libor interest rate rigging scandal.
U.S. durable goods edge higher, fiscal uncertainty weighs
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods barely grew in August in a possible sign that companies are holding back on investments due to uncertainty over government spending.
Vietnam's VietJet agrees bumper $9 billion Airbus order
PARIS/HANOI (Reuters) - Low-cost airline VietJet agreed a provisional order for up to 92 Airbus jets worth $9 billion at list prices on Wednesday, stepping up expansion to make its mark in a fast-growing regional market.
Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal - sources
NEW YORK/HELSINKI (Reuters) - Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.
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