Business Today: Fiat reaches deal with UAW trust to buy rest of Chrysler

	Click to View in Browser 01/1/2014 Fiat reaches deal with UAW trust to buy rest of Chrysler MILAN/DETROIT (Reuters) - Italian carmaker Fiat SpA said on Wednesday it has signed an agreement to buy the stake in U.S. automaker Chrysler Group LLC it does not already own, ending months of tense negotiations and allowing Chief Executive Sergio Marchionne to pursue his goal of creating the world's seventh-largest auto group. Analysis: Scarred U.S. consumers a hard sell for traditional retail NEW YORK (Reuters) - If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. Chinese iron trade fuels port clash with Mexican drug cartel LAZARO CARDENAS, Mexico (Reuters) - When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico's Pacific coast, a drug gang was already making it a reality. India scraps AgustaWestland helicopter deal, agrees to arbitration NEW DELHI (Reuters) - India cancelled its $770 million helicopter deal with Italian defense group Finmeccanica's AgustaWestland unit on Wednesday over what it termed a breach of integrity, but agreed to take part in an arbitration process. Campbell recalls 300 cases of Prego sauce NEW YORK (Reuters) - Campbell Soup Co late Tuesday said it was voluntarily recalling about 300 cases of its 24-ounce-sized Prego Traditional Italian sauce, citing a risk of spoilage. Wall St. ends best year since 1990s with moderate gains NEW YORK (Reuters) - Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve's massive stimulus and expectations for accelerating growth going forward. Apple says never worked with NSA on iPhone hacks SAN FRANCISCO (Reuters) - Apple Inc has never worked with the U.S. National Security Agency and is unaware of efforts to target its smartphones, the company said in response to reports that the spy agency had developed a system to hack into and monitor iPhones. Cohen's SAC ends life as hedge fund with double-digit returns BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said. U.S. consumer mood brightens, but home price gains slow NEW YORK (Reuters) - U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed. China house prices show signs of stabilizing: surveys BEIJING (Reuters) - Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble. Related Video Stocks 2013: one for the record books It's a bird, it's a plane, it's Super Market Economic News U.S. consumer mood brightens, but home price gains slow U.S.-based bond funds post $3.6 billion outflow in latest five days: ICI 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