Apple Cutting iPhone 5c Orders for Fourth-Quarter

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Oct. 16 (Bloomberg) -- In "Company News," Bloomberg's Scarlet Fu reports on the top stories of the day. She speaks on Bloomberg Television's "Bloomberg Surveillance."

Public it's embarrassing but the democrats are very far left of the house and the centrist democrats are gone.

That's a bridge too far to build.

Thank you.

There is other news besides washington -- we start with apple cutting orders for the iphone5c telling its assemblers it will resume deuce fourth quarter -- it will reduce fourth-quarter orders.

The pricing of the fun have been widely criticized and the 5c was supposed to be low cost but at more than $500, it was still too expensive.

A jump in expenses leads to a wider loss at twitter.

It lost more than $64 million last quarter compared to $21 million one year earlier according to a regulatory filing.

It spend more on research and development and marketing.

The twitter revenue more than doubled.

It will list its shares on the -- its shares on the new york stock exchange as early as next month.

Jpmorgan agrees to pay about $100 million to settle the cftc investigation into the london whale trade.

It will bring their total settlements to more than $1 billion.

Jpmorgan will also admit wrongdoing as part of that settlement.

That is today's company news.

Is $100 million a slap on the wrist?

It is but it adds up after a while.

I wonder if that even gets

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