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U.S. markets news

Follow live: VW's US chief pins blame for diesel scandal on a "couple of ...
“This was a couple of software engineers who put this in for whatever reason,” Michael Horn, VW's U.S. chief, told a House subcommittee hearing.
VW's US CEO apologizes for emissions rigging scandal  Fox News
Volkswagen's US boss Michael Horn offers a 'sincere apology'  BBC News
How Amazon's 'Handmade' Plans to Take on Etsy
Amazon's quest to dominate the online shopping experience expanded into Etsy's territory today with the launch of Handmade at Amazon, an online bazaar where artisans can sell their homemade goods.
Amazon Launches Etsy Competitor 'Handmade'  Wall Street Journal (blog)
Amazon's Etsy Rival Moves Closer To Launch  Fast Company
Bill Gross sues Pimco, says he was wrongly ousted from firm he founded
Bill Gross, the founder of Pacific Investment Management Co. who left the firm amid internal acrimony last year, is suing the company for breach of contract.
UPDATE 2-Bill Gross sues Pimco for $200 million over forced ouster  Reuters
Bill Gross is suing Pimco for $200M  Fortune
US Jobless Claims Fall Last Week
WASHINGTON—The number of Americans filing for first-time unemployment benefits fell last week, a figure consistent with job growth.
Jobless Claims Fall by 13000  Fox Business
Jobless Claims in U.S. Decline to Lowest Level Since Mid-July  Bloomberg
Wall St. slips ahead of Fed minutes; Apple weighs
U.S. stocks fell on Thursday as investors await the minutes of the Federal Reserve's September meeting to get an insight into the central bank's decision to keep interest rates steady.
Dollar Drops Ahead of Fed Minutes  Wall Street Journal
Stocks drop at the open ahead of Fed minutes  USA TODAY
Walking the Interest-Rate Line: the UK Treads Carefully
Interest-rate policy in some advanced economies increasingly resembles a stopped clock. Markets could be in for a surprise if it starts ticking again.
Britain's FTSE share index ends higher, commodities help  Economic Times
UPDATE 1-Bank of England keeps rates steady, sees soft inflation outlook  Reuters
National retail trade group predicts slight decline in holiday season sales
Holiday sales for this year are forecasted to increase 3.7 percent, down from a year ago but still solid, the head of the National Retail Federation said Thursday.
Those $7 skinny jeans are a holiday spoiler  CNBC
UPDATE 2-US retail group sees holiday sales growth slowing this year  Reuters
IMF cuts global growth rate to 3.1%, but India has a chance to boom
The latest forecast made by IMF for the world economy at 3.1 percent though lower than its earlier forecast looks very encouraging for us in India.
Emerging markets' private debt seen as global threat  Taipei Times
IMF Annual Talks to Focus on China and Taxes  MarketPulse (blog)
Crude Rises Near $50 in New York as OPEC Producers Set to Meet
Oil advanced as a year of lower prices is seen as bolstering fuel consumption while reducing production growth -- the equation needed to eventually rebalance world markets.
Crude Prices Resume Rally  Wall Street Journal
Oil rallies but U.S. supply may temper gains  TODAYonline
EMC deal would be stretch for Dell, analysts say
Dell Inc [DI.UL] is in talks with banks to fund a takeover of data storage company EMC Corp (EMC.N), sources familiar with the matter said, but some analysts doubted the PC maker could pull off what would be the biggest-ever deal in the tech sector.
Dell To Swallow EMC, But What Will Happen to VMware, CloudFoundry And Pivotal ?  Forbes
Tech Five: EMC rising off reported Dell deal  USA TODAY