Good morning New York,
NEWS
Payrolls Tuesday... Reuters forecast for September jobs: 180,000
Nokia launched its first tablet and a smartphone-sized 'phablet', in a swansong event before the sale of its handset business to Microsoft. The 10-inch, Lumia 2520 tablet faces an immediate challenge from new versions of the iPad which Apple is launching later today (Financial Times).
Apple will start selling 65-inch, ultra-high definition TVs next year, according to a Tokyo-based analyst. The design will likely be frameless, Masahiko Ishino of Advanced Research said (Bloomberg).
BHP Billiton raised its iron ore output forecasts. Western Australian iron ore production would be 212m tonnes this year, BHP said, 5m tonnes more than previously forecast -- indicating returning demand from Chinese steelmakers (Financial Times).
BHP leads miner cost-cutting: 'BHP's search for efficiency is leading it to crunch all sorts of data – down to the way its trucks are driven to limit maintenance downtime – to find and spread the best ways of working. This month the final 17,000 of BHP's 42,000 staff were connected to a software platform put in place over the past six years' (Financial Times)
JPMorgan could avoid costly Bear/WaMu legacy: 'Under the terms of a tentative $13 billion deal that could be finalized in a matter of days, J.P. Morgan will pay roughly $2 billion in penalties that apply to its own conduct during the years before the financial crisis, and not any for problems it inherited from Bear Stearns Cos. or Washington Mutual Inc., according to people close to the talks...' (Wall Street Journal)
