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MarketWatch for Thursday, September 12, 2013

If you're keeping on top of the stock markets this morning, Thursday, September 12, 2013...
If you're keeping on top of the stock markets this morning, Thursday, September 12, 2013


The Nikkei is down 38 points today in Japan.
On Wall Street, the Dow rallied with triple digits for the third day in a row, up 135 points.
And the Nasdaq dipped 4, dragged lower by Apple, which fell more than 5 percent after its new iPhones failed to impress investors.


350 economists are giving President Obama a piece of their mind. They've signed a letter to the president urging him to nominate Federal Reserve Vice Chair Janet Yellen to be the Fed's next chairman. The letter suggests that she is the most qualified candidate to lead the central bank.  President Obama is said to be leaning toward nominating his former economic adviser Larry Summers. Current Fed Chair Ben Bernanke's term ends January 31st.

American Airlines and U.S. Airways say the U.S. government simply doesn't understand the airline industry. The government is suing to block the carriers' $11 billion merger. In court papers, American and U.S. Airways say the Justice Department's analysis of the deal ignores competition that exists from low-cost carriers such as Southwest. The government's lawsuit to block the merger goes to trial in November.

What can $3.4 million buy you? One hot ride. This rare 1967 Chevy Corvette is one of only 20 produced that year. The l88 model is said to be among the most valuable ever made. The sports car recently sold at a Dallas auction for $3.4 million -- a record for a Corvette at auction.
 

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