Business Today: Apple sells 33.8 million iPhones in quarter, in line with Street

	Click to View in Browser 10/28/2013 Apple sells 33.8 million iPhones in quarter, in line with Street (Reuters) - Apple Inc said on Monday it sold 33.8 million iPhones last quarter, roughly in line with analyst expectations, signaling that its new phones are not as unpopular as some had feared. Vivendi and Lagardere agree 1 billion euro Canal+ buyout PARIS (Reuters) - Vivendi has reached an agreement to buy out partner Lagardere's 20 percent stake in pay-television operator Canal+ France for 1.02 billion euros ($1.41 billion), the companies said on Monday. S&P 500 closes at record on Fed expectations NEW YORK (Reuters) - The S&P 500 index closed at another record high on Monday as expectations were high that the Federal Reserve will keep its stimulus in place at its meeting this week. Lloyds' PPI compensation bill to rise to 8 billion pounds: Sky News (Reuters) - Britain's Lloyds Banking Group will have to spend at least another 700 million pounds ($1.13 billion) to compensate customers who were mis-sold payment protection insurance (PPI), Sky News reported, without citing sources. U.S. factory, housing data suggest economy losing steam WASHINGTON (Reuters) - U.S. manufacturing output barely rose in September and contracts to buy previously owned homes recorded their largest drop in nearly 3-1/2 years, the latest signs the economy's momentum ebbed as the third quarter ended. Deutsche Boerse gets offer from U.S. to settle Iran case FRANKFURT (Reuters) - German exchange operator Deutsche Boerse said on Monday it had received an offer from the United States to settle an investigation into the possible violation of U.S. sanctions against Iran for $152 million. Why Wells Fargo's loan losses are plunging (Reuters) - Wells Fargo & Co's loan book is performing better than many of its peers and better than even the bank expected in the middle of the last year, thanks to factors including higher house prices and tougher loan standards. Penney reiterates sales trends are improving, shares up NEW YORK (Reuters) - J.C. Penney Co Inc told investors for the third time in less than five weeks that sales trends are improving and reaffirmed its forecast calling for positive comparable-store sales results coming out of the third quarter. VW's 'new era' vehicle platform seen putting a drag on profits BERLIN (Reuters) - Volkswagen may face a new challenge to its bid for the top slot among global carmakers, as the very platform the German giant has spent the last six years creating to take it to a higher level in the rankings may not be working to plan. Analysis: Kenya shutdown tempers east African oil ambitions NAIROBI (Reuters) - Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa. Related Video Nervous week for Europe's bank investors Breakingviews: The pains of Petrobras Economic News U.S. factory, housing data suggest economy losing steam U.S. pending home sales fall by most in more than three years in September 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