Business Today: BlackBerry calls off sale, will replace CEO

		Click to View in Browser 11/4/2013 BlackBerry calls off sale, will replace CEO (Reuters) - BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Fed's Bullard: no hurry to taper because of low inflation WASHINGTON (Reuters) - The Federal Reserve should not rush a decision to scale back its asset purchase program because of low inflation, a senior U.S. central banker said on Monday. Kellogg to cut 7 percent of workforce by 2017, profit rises 3 percent (Reuters) - Kellogg Co reported a 3 percent rise in quarterly profit, helped by a fall in cereal-making costs, and said it would slash 7 percent of its workforce by 2017. Stock futures gain after four-week rally; factory orders on tap NEW YORK (Reuters) - Stock index futures advanced on Monday, indicating the S&P 500 will continue to rise after four straight weeks of gains and build on its latest record high. France drags on slow euro zone recovery LONDON (Reuters) - The euro zone economic recovery that began in Germany has spread to some smaller members but shrinking French manufacturing is hampering a more robust rebound. Alcatel-Lucent seeks to raise $2 billion for recovery drive PARIS (Reuters) - Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros ($1.3 billion) from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group. UK's Co-operative details bank rescue plan LONDON (Reuters) - Britain's Co-operative Group has detailed a rescue plan for its banking arm, under which it will hand control of the unit to investors including U.S. hedge funds as part of a 1.5 billion pound ($2.4 billion) bail-in. Boeing seen in advanced talks to make 777X near Seattle (Reuters) - Boeing is in advanced talks with a leading union to assemble its new 777X jet and build its wings in the Seattle area, a source familiar with the negotiations told Reuters. SAC Capital, U.S. to announce $1.2 billion settlement on Monday: media (Reuters) - SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, and U.S. prosecutors are expected to announce on Monday a $1.2 billion settlement over criminal charges related to insider trading, media reports said. Tri Pointe Homes to buy Weyerhaeuser unit in $2.7 billion deal (Reuters) - Weyerhaeuser Co is selling its homebuilding division to Tri Pointe Homes Inc in a $2.7 billion deal that will leave Weyerhaeuser shareholders in control of one of the 10 largest homebuilders in the United States. Related Video Silicon bust? London's missing tech IPOs Daily Digit: New Ryanair profit warning Economic News Fed's Bullard: no hurry to taper because of low inflation U.S. factory growth hits fastest pace in 2-1/2 years A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend