Newsletter BOX: Daily Investor Briefing: Wall Street ends lower as federal...

09/27/2013

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

Wall Street ends lower as federal budget deadline draws near

NEW YORK (Reuters) - U.S. stocks declined on Friday and the S&P 500 and Dow posted their first weekly drop in four, as congressional Democrats and Republicans struggled to pass a federal budget to avert a government shutdown days away.

Could be long time between QE taper and rate rise: Fed's Dudley

(Reuters) - Once the Federal Reserve reduces its bond-buying program, it could then wait "a number of years" before it raises interest rates, an influential official at the U.S. central bank said on Friday.

Analysis: For the next round of gold deals, small is beautiful

DENVER (Reuters) - Gold miners may be tempted back into the takeover game by lower prices and the need to replace reserves, but they are likely to shy away from flashy mega-projects that require big capital expenditures.

U.S. consumer spending rises as wages boost family income

WASHINGTON (Reuters) - U.S. household spending rose in August as incomes were buoyed by solid wage gains, signs that momentum could be growing in the economy despite months of harsh government austerity.

U.S. employment report would be delayed by shutdown

WASHINGTON (Reuters) - The U.S. Labor Department would not issue its closely watched monthly employment report next week should the government shut down on Monday, a memo from the department showed on Friday.

Next Fed chair must not trim stimulus: Kocherlakota

MINNEAPOLIS (Reuters) - Whoever takes over next year as chair of the U.S. central bank must show the world the Federal Reserve will do "whatever it takes" to boost employment and resist the inevitable calls to pare stimulus, a top Fed official said on Friday.

GM won't tackle pension talks with UAW until 2015: executive

NEW YORK (Reuters) - General Motors Co will wait until its next round of labor talks in 2015 before negotiating with the United Auto Workers about the automaker's U.S. blue-collar pension obligation, GM's vice chairman said on Friday.

Telecom Italia chief Bernabe considering resigning: source

ROME (Reuters) - Telecom Italia Chairman Franco Bernabe is considering resigning at a board meeting scheduled for Thursday, a source close to the situation said.

Possible China partner for Peugeot no worry for GM

NEW YORK (Reuters) - General Motors Co , which has been seeking to fix its ailing European operations, believes a crucial partnership in France would survive even if the French partner ties up with China's Dongfeng Motor Group Co Ltd , a top GM executive said on Friday.

NY firm sees investment opportunity in garment factories

(Reuters) - Outdated, poorly managed factories can be fixed in ways that help workers, the environment and socially conscious investors willing to provide the funding, according to a new firm that plans to invest in Bangladesh and elsewhere.