Business Today: Wall Street rises on hopes for a budget deal

	Click to View in Browser 10/14/2013 Wall Street rises on hopes for a budget deal NEW YORK (Reuters) - U.S. stocks ended a volatile session with modest gains on Monday, as investors bet that there would soon be a deal in Washington to increase the debt limit, though there were no obvious signs of progress. Analysis: U.S. race to clinch debt sales may prove costly NEW YORK (Reuters) - It sounds like the plot of a pulpy Hollywood thriller: a mad dash for more than $100 billion in cash in the 48 hours before the clock runs out. U.S. senators close in on fiscal deal as deadline looms WASHINGTON (Reuters) - U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months, though many hurdles remained as a Thursday deadline drew near. Insight: Philippines infrastructure: taking the slow train to nowhere MANILA (Reuters) - Images of a portion of the Philippines' oldest light rail transit line ablaze in the middle of the night were exactly what private sector bidders for a $1.4 billion rehabilitation of the country's rail system had feared. Franco-German divisions cloud efforts to fix broken banks LUXEMBOURG (Reuters) - The euro zone wrestled on Monday with the question of who should pay for a clean-up of bust banks, as Franco-German divisions cast a cloud over efforts to seal a landmark reform and draw a line under the region's financial crisis. BlackBerry issues open letter to calm customers and partners TORONTO (Reuters) - BlackBerry Ltd on Monday sought to reassure its restive customers and partners that it was financially stable and "here to stay," even though it announced massive layoffs and sources say it is in talks to sell all or part of the company. Boeing rebuts critical Pentagon report on helicopter parts WASHINGTON (Reuters) - Boeing Co on Monday rebutted a Pentagon's inspector general report that said the company overcharged the U.S. Army by up to $16.6 million on a $4.4 billion helicopter contract and said it was still waiting to receive the final report under a Freedom of Information Act request. GSW accepts Deutsche Wohnen offer, group to raise dividend FRANKFURT (Reuters) - German Real estate company GSW said on Monday it would recommend its shareholders accept Deutsche Wohnen's takeover offer, taking the 1.7 billion euro bid ($2.3 billion) one step closer to a possible completion. Rival airline attacks Alitalia rescue as illegal MILAN/PARIS (Reuters) - A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-bankrupt carrier flying. Asmussen rejects Athens' call for ECB to roll over Greek bonds ATHENS/LUXEMBOURG (Reuters) - The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens' hopes it will help plug a funding gap next year through such a move. Related Video Daily Digit: "Gravity" orbits at box office Obama uses visit to D.C. food pantry to urge Congress to end shutdown Economic News Analysis: U.S. race to clinch debt sales may prove costly U.S. senators close in on fiscal deal as deadline looms 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