UNITED STATES

C Spire to become fourth U.S. Apple iPhone operator

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C Spire Wireless, a privately held regional U.S. mobile phone network operator, will become the fourth U.S. operator to sell the Apple Inc iPhone in coming weeks beating much bigger rival T-Mobile USA to a Apple deal.
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China quizzes audit giants on foreign regulator contact

China's financial regulators have asked the world's biggest audit firms to urgently review their work on U.S.-listed Chinese companies and give details on information they may have provided to overseas regulators, two sources told Reuters.
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S&P flat, Nasdaq falls as Apple weighs

The Nasdaq fell on Wednesday, weighed down by technology heavyweight Apple's profit miss, but gains in chipmaker Intel and insurer Travelers kept the S&P near the unchanged mark.
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September housing starts up 15 percent

U.S. housing starts surged in September at their fastest annual pace in 17 months on a big increase in groundbreaking for multi-family units, while permits for future construction fell.
U.S. Stock Market

U.S. Stocks: 5 Reasons Why the Dow Will Surge to 13,000 by June

No need to repeat all of the bad news about the U.S. economy. Further, as the stock market's bulls point out, that's history. Looking forward, the picture brightens, and accordingly here's why the bulls think the Dow Jones Industrial Average (DJIA) is headed higher in the next six months.
U.S. Mortgage Rates

Deal Close Between States, Top Banks Over Mortgage Abuses

Under the proposed terms of the settlement -- which could total $25 billion -- banks would get a broader relief from potential state civil lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, sources said.
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Citi to pay $285 Million to Settle CDO Case: SEC

Citigroup Inc will pay $285 million to settle charges that its U.S. broker-dealer unit misled investors about a $1 billion mortgage bond deal, the U.S. Securities and Exchange Commission said on Wednesday.
Oil barrels

Oil, Equities Soar After Unexpected Drop in Petroleum Reserves

An unexpected drop in U.S. petroleum reserves reported mid-morning Wednesday surprised financial markets, which had been anticipating a moderate drop. U.S. commercial crude oil inventories for the week ending Oct. 14 decreased by 4.7 million barrels, according to weekly U.S. Department of Energy report. Analysts had predicted a rise of 1.75 million barrels.
Gold pellets

Gold Eases Fractionally, Euro Sentiment Up

Gold eased on Wednesday as growing hopes of a resolution to the Eurozone debt crisis persuaded investors to shrug off a downgrade to Spain's credit rating and buy riskier assets such as equities.
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Instant view: CPI rises; housing starts up 15 percent

Consumer prices outside food and energy rose less than expected in September to post their smallest gain in six months, a government report showed on Wednesday, suggesting inflation pressures remained contained.

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