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Exclusive - Goldman Leads Investment By Wall Street In New Communications Platform By Clip Syndicate After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch. According to a draft press release viewed by Reuters, On Wednesday, Goldman and 13 partners plan to announce a $66 million investment in a new company called Symphony Communication Services Holdings LLC. The partners are all financial services firms, including major global banks and asset managers.

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Wednesday Sector Leaders: Precious Metals, Electric Utilities By Clip Syndicate In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Hecla Mining Company (HL), up about 5.7% and shares of Midway Gold (MDW) up about 5.3% on the day. ...Read More »
Coca-Cola Amends Equity Plan To Minimize Dilution By Clip Syndicate Coca-Cola Co, under pressure from an activist investor, said it had adopted new guidelines under its 2014 equity plan that will extend the number of years shares will last under the plan by using fewer shares each year. The company said its new Equity Stewardship Guidelines would increase transparency about equity awards, formalize its practice of share repurchases to minimize dilution, and renew commitments to continue an open dialogue with shareholders on compensation matters. The guidelines will also facilitate a shift towards performance shares and be less heavily weighted toward stock options for employees who are eligible for equity awards.

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Republicans Plan To Force Obama's Hand On Keystone By Clip Syndicate Republicans plan to put approval of the long-delayed Keystone XL oil pipeline on a fast track early next year if they win a U-S Senate majority in November. Their goal is to finally force President Barack Obama to make a tough call on the controversial pipeline plan. The 10 billion dollar Keystone project to connect Canadian oil sands with U-S refineries will top the list of Republican energy priorities if they gain control of the Senate after the November 4th midterm elections. ...Read More »
Dow Movers: BA, MCD By Clip Syndicate In early trading on Wednesday, shares of McDonald's (MCD) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.2%. Year to date, McDonald's has lost about 2.1% of its value. ...Read More »
Chrysler Reports U.S. Auto Sales Jump 19 Percent By Clip Syndicate Chrysler Group reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned. Chrysler was the first major automaker in the U.S. market to report sales. Sales of Chrysler's Jeep brand shot up 47 percent, while Grand Cherokee dropped 14 percent, and Ram pickup truck sales rose 30 percent. ...Read More »
Gearing up for 2nd year of Affordable Care Act: 10-1-14 By Clip Syndicate Andrew Donovan is at ACR Health in Syracuse as the second year of enrollment for the Affordable Care Act begins. ...Read More »
Nissan U.S. September Sales Rise 18.5 Percent By Clip Syndicate Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts' expectations. Nissan's namesake brand showed sales were up 22 percent at 95,118 vehicles and its luxury Infiniti brand sales fell 13 percent at 7,837 vehicles. Analysts surveyed by Reuters had expected Nissan's sales to rise 13 percent for the month.

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Commerzbank To Cut 60-70 Jobs In Fixed Income, FX Division: Sources By Clip Syndicate Several sources familiar with the matter said on Wednesday Commerzbank, Germany's second biggest lender, is cutting 60-70 jobs in its fixed income and currencies division in Frankfurt. Commerzbank is offering severance packages and is aiming to carry out redundancies through voluntary layoffs, the lender said. Commerzbank last year combined the sales and trading arms of its fixed income and currencies business. ...Read More »
Coca-Cola To Revise Executive Pay Plan By Clip Syndicate Coca-Cola is revising its pay plan for executives after shareholders including Warren Buffett called it excessive. The world's largest beverage maker says its long-term incentive program will now distribute the company's shares to a smaller group of executives, while the rest will be rewarded with cash instead. The Atlanta-based company also said it would increase transparency about its stock and option awards and formalize its practice of share repurchases to keep stockholders' stakes from being diluted. Coca-Cola's pay plan came under scrutiny earlier this year after Wintergreen Advisers called it a "raw deal" for shareholders, particularly in light of the company's slowing growth.

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