Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.
Sectors
First Fed rate hike eyed by traders on 2015
Traders kept bets for Feds rise in rates by the year 2015. According to CME Group's Fed Watch, futures prices suggested that no earlier than April 2015 the Federal Reserve would raise the rates.
Investors react to the decision of the Federal Reserve
Various investors and strategists react to the decision of the Federal Reserve. On Wednesday, The Federal Reserve had extended support for the slowing economy of the US.
Merck & Co plans resumption of Zilmax sales in US, Canada- report
A Reuters report said Merck & Co would be bringing back Zilmax to the US and Canadian markets after completing its audit.
JPMorgan Chase & Co, US Justice Department face snag in USD 13 billion settlement- sources
Disagreements slowed down talks about the USD 13 billion settlement of JPMorgan Chase & Co and the US Department of Justice, sources told Reuters.
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With the labor market down, private sector employers in the US had hired fewer workers for the past six months.
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
Mobile advertising revenues would play a huge role in Facebook's continued favor with investors, a Reuters report said.
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
CSC agreed to buy Ignition Partners-backed enterprise cloud management company ServiceMesh. Next-generation information technology services and solutions leader CSC, originally called Computer Sciences Corporation, said it had agreed to purchase ServiceMesh.
Merger consultant for Pillsbury and founding principal at Hoffman Alvary, Paula Alvary, explained the merger between two unlikely firms.
Food stamp benefits would be cut by 5% or USD 36 for a family of four each month starting November 1.
Facebook ad frequency remained unchanged despite a double in company shares. On Wednesday, Facebook Inc. posted impressive growth in the mobile advertising business.
