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Friday, October 25, 2013

Business Today: U.S. consumer sentiment slides in October on government shutdown

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10/25/2013
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
U.S. consumer sentiment slides in October on government shutdown
NEW YORK (Reuters) - U.S. consumer sentiment dropped in October to its lowest level since the end of last year as consumers worried congressional dysfunction and the resulting partial shutdown of the federal government would hurt growth, a survey released on Friday showed.
S&P 500 ends at record high, boosted by tech results
NEW YORK (Reuters) - The S&P 500 ended at another record high on Friday, boosted by gains in technology shares after strong results from Microsoft and Amazon.com.
Nasdaq says FINRA caps Facebook IPO claims at $41.6 million
WASHINGTON (Reuters) - The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc's botched handling of Facebook Inc's initial public offering is $41.6 million, the exchange operator said Friday.
U.S. durable goods orders, sentiment suggest politics hurting economy
WASHINGTON (Reuters) - Orders for a wide range of U.S.-made capital goods plummeted in September and consumer sentiment weakened sharply in October, signs that a budget battle in Washington has held back the economy.
Ketchup changeup: New Heinz CEO prompts McDonald's to switch
(Reuters) - World's biggest fast-food chain seeks new ketchup for its famous french fries.
Judge denies Thomson Reuters' request to dismiss ex-employee lawsuit
NEW YORK (Reuters) - A federal judge on Friday rejected Thomson Reuters Corp's bid to dismiss a lawsuit by a former employee who claims he was fired in retaliation for complaining about how the company distributed some economic data.
United fined $1.1 million for tarmac delays at O'Hare: DOT
CHICAGO (Reuters) - The U.S. Department of Transportation said it fined United Airlines $1.1 million on Friday, the largest fine assessed for a tarmac-delay violation since the rule limiting long delays took effect in April 2010.
Boeing, Lockheed team up to bid on new U.S. bomber program
WASHINGTON (Reuters) - Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.
AbbVie beats forecast as Humira sales surge
(Reuters) - AbbVie Inc on Friday reported stronger-than-expected results for the third quarter, as booming sales of its Humira arthritis treatment and Synthroid thyroid replacement drug more than offset lower demand for other medicines.
Senator Paul plans 'hold' on Yellen Fed nomination
WASHINGTON (Reuters) - Republican U.S. Senator Rand Paul threatened on Friday to put a 'hold' on the nomination of Janet Yellen to be chair of the Federal Reserve unless he gets a vote on a bill he has sponsored to put the central bank under more scrutiny.
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