TOP STORIES
U.S. PRIVATE SECTOR ADDS 213,000 JOBS
Private payrolls in the U.S. increased by 213,000 jobs in
September, according to an employment survey released by ADP.
Manufacturing hiring was particularly strong.
OFFICIALS CONFIRM FIRST CASE OF EBOLA IN U.S.
Health officials diagnosed the first case of Ebola in the U.S.
on Tuesday, bringing a disease that has killed more than 3,000
people this year in West Africa to the middle of America.
CHRYSLER, NISSAN POST STRONG U.S. SALES
Chrysler Group and Nissan Motor both posted U.S. auto sales
growth of 19% in September, the latest signs of strong demand among
buyers.
LAWSUITS ON FANNIE, FREDDIE PROFITS DISMISSED
A group of Wall Street hedge funds suffered a blow in their
attempts to sue the federal government over their treatment of the
shareholders of mortgage finance giants Fannie Mae and Freddie Mac
after the financial crisis.
U.S. STOCKS TRADE LOWER
U.S. stocks fell following two consecutive sessions of losses.
Later in the morning, readings on the U.S. manufacturing sector in
September and construction spending in August are due.
GENERAL MILLS TO ELIMINATE 700 TO 800 SALARIED JOBS
General Mills said it would eliminate 700 to 800 salaried jobs,
adding to a similar number of factory job cuts it announced
recently as the maker of Wheaties cereal and Yoplait yogurt tries
to cut costs amid flagging sales.
EURO SLIPS AS EUROZONE ECONOMY COOLS
The euro dropped against the U.S. dollar due to pressure
stemming from disappointing eurozone manufacturing data. The sector
barely managed to expand in September. Eurozone inflation also
dropped to a five-year low.
HONG KONG SEEKS TO WAIT OUT PROTESTERS
Hong Kong's chief executive has adopted a new strategy to
marshal the city's widespread pro-democracy protests: allow the
demonstrations to continue until the protesters tire or lose
support from the wider public, a source said.
COCA-COLA TWEAKS EXECUTIVE-COMPENSATION PLAN
Coca-Cola said its board's compensation committee adopted
guidelines for its executive-compensation plan that will result in
the company issuing fewer stock awards each year and extending the
number of years the shares will last.
IMF SLASHES RUSSIA'S 2015 GROWTH FORECAST
The IMF slashed its economic growth forecast for Russia in 2015,
citing geopolitical uncertainty and recommended the Bank of Russia
to continue tightening monetary policy to tame inflationary
expectations.
SECRET SERVICE CHIEF TAKES GRILLING OVER INTRUDER
Secret Service Director Julia Pierson told a congressional
committee that the agency's security plan was "not executed
properly" when an intruder climbed over the fence and ran deep into
the White House on Sept. 19.
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Money Talks
GLOOMY GLOBAL MANUFACTURING RAISES ECB RISKS
Outside of the U.S., there's been a generalized slowdown in
global manufacturing, which means that the ECB not only has to deal
with local headwinds as it struggles to inspire growth in the
single currency region. It's also facing a global gale.
Grand Central
DOES BERNANKE DESERVE A NOBEL PRIZE?
It is October, which in the geeky world of academic economics
means it is Nobel Prize month. The prizes start getting announced
next week, and speculation has started about who will get them.
Sign up here for The Wall Street Journal's daily report on global
central banks.