The Traderszone Network

DETROIT/NEW YORK (Reuters) – Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N), can meet his most ambitious goal: to nearly double Jeep’s global sales over the next four years. Marchionne reiterated his aggressive target for boosting Jeep’s annual volume to 1.9 million, while pacing the floor of the New York Stock Exchange on Monday during the newly merged company’s first day of trading.

The bank made more money from selling home loans to investors during the quarter, allowing it to post a 2 percent increase in mortgage banking income even as it made 40 percent fewer home loans compared to the same period last year. The results underscore how critical mortgage income still is to Wells Fargo. Fourth-quarter mortgage volumes are set to be lower than the $48 billion Wells Fargo made in the third quarter of 2014, Chief Financial Officer John Shrewsberry said on a conference call with analysts.

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Pharmaceutical giant AbbVie Inc.

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AbbVie is reconsidering its takeover of Shire, putting it on track to become the biggest deal to be torpedoed by a crackdown on tax inversions.

The Ebola virus is killing 70% of the people who contract the disease, the World Health Organization says, and as many as 10,000 new cases a week could be reported by early December.
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Protests here reach a new phase in the conflict as police and students fight for territory in districts that have been paralyzed by pro-democracy rallies for more than 2½ weeks.
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Crumbs, the chain known for its cupcakes, succumbed to bankruptcy earlier this year. Its new management is hoping fun items like a bagel-croissant hybrid will revive the brand.