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Friday, November 29, 2013

Business Today: Nasdaq ends brief post-holiday session at 13-year high

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11/29/2013
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
Nasdaq ends brief post-holiday session at 13-year high
NEW YORK (Reuters) - The Dow and the S&P 500 dipped in thin holiday trading on Friday, but technology stocks helped lift the Nasdaq to a 13-year high.
Retail, jobs data to rule stocks' next move
NEW YORK (Reuters) - A week packed with data awaits investors eager for fresh clues on when the Federal Reserve will start to trim its stimulus program, as traditionally bullish December kicks off with the S&P 500 poised to mark its best year since 1998.
Will Thanksgiving shopping binge become Black Friday hangover?
By Suzanne Barlyn, Phil Wahba, Marina Lopes and Dhanya Skariachan
EU-IMF postpone visit to Athens in dispute over reforms
BRUSSELS/ATHENS (Reuters) - Inspectors from the EU and IMF have postponed a planned visit to Greece, officials told Reuters on Friday, a move that marks a new low in relations between the parties and could delay aid payments to Athens.
French carmakers poised for scramble to reclaim Iran
PARIS/DUBAI (Reuters) - Peugeot and Renault are among Western firms sending executives to an automotive conference that opens in Iran on Saturday - firing the starting gun on a more overt race for post-sanctions business.
Saab to restart 9-3 sedan production two years after bankruptcy
(Reuters) - The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS spokesman said on Friday.
Bank of England's Carney warns house-buyers on rates: newspaper
LONDON (Reuters) - Bank of England Governor Mark Carney has warned would-be British homeowners to consider the risks of higher interest rates, amid concerns that rising house prices could create a property market bubble, a newspaper reported on Friday.
Swiss regulator urges banks to come clean on U.S. tax offences
ZURICH (Reuters) - Swiss banks should come clean to U.S. officials conducting a tax probe before an end-of-year deadline and face up to resultant penalties, or risk more costly prosecution later, Switzerland's financial regulator warned on Friday.
Key Bangladesh garments factory destroyed in blaze
DHAKA (Reuters) - A devastating fire ripped through a Bangladesh garment factory supplying major Western retailers in a blaze set by workers angered over rumors of a colleague's death due to police gunfire.
Goldman Sachs sued in Singapore penny stock saga
SINGAPORE (Reuters) - A shareholder who suffered losses in a penny stock trading debacle in Singapore is suing Goldman Sachs, accusing the investment bank of arbitrarily selling her holdings and saying the sales contributed to a crash in their prices.
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