Weekly Roundup: Near-deal is good enough, for now, to lift markets

	Weekly Roundup OCTOBER 11, 2013 To all Gmail users: To ensure that you continue to see your MarketWatch emails, please drag and drop one of our emails into your Primary tab and click "Yes" when asked if you would like to do this for future messages from MarketWatch. You can also add "MarketWatch" to your Gmail contacts list or filters. Near-deal is good enough, for now, to lift markets  Top 10 stories for Oct. 7-11 Phew, no more debt ceiling to worry about and the shutdown is over, now it's time to watch Pandacam, eat government cheese and talk on Obamaphones. ReutersSpeaker Boehner's busy week.Wait, what? It's not over? The market thinks it's over, all but the dotted Is and crossed Ts. It rallied on Thursday and Friday after House Republicans said they would pass a six-month extension to the debt ceiling. For the week, the Dow Jones Industrial Average (DJIA) rose 1.1% and the S&P 500 (SPX) gained 0.8%. The Nasdaq Composite (COMP) snapped a 5-week winning run, falling 0.4%. That Congress hasn't so far passed a debt-ceiling extension hasn't been a worry — yet. If the debt ceiling isn't raised by Oct. 17, the Treasury's estimation on when it will lose the ability to borrow, you'll hear about it. So, really this time, stay tuned to MarketWatch all weekend for continuing coverage. — Steve Goldstein Republicans push six-week debt limit hike House Republican leaders on Thursday offered President Barack Obama what they called a "good faith" proposal to temporarily increase the nation's debt ceiling and negotiate a budget deal. Follow MarketWatch's streaming shutdown coverage. Janet Yellen nominated to lead the Federal Reserve She might not have been Obama's first choice, though Yellen was that of many economists. The Fed's vice chair has been picked by Obama to take the helms from Ben Bernanke. It marks the first time a woman has been picked for the top post in the central bank's 100-year history. Obama nominates Yellen to succeed Bernanke More leaders in D.C. than C-suite What Alcoa's results say about global manufacturing In the good ole days when the Dow industrial average was composed of, well, industrials, Alcoa's (AA)  earnings were a big deal. These days, it's still one of the first companies to report quarterly earnings, and here's what the firm has to say about global manufacturing. Read more on what Alcoa results mean. J.P. Morgan Chase, Wells Fargo report results America's biggest bank by assets — that's J.P. Morgan Chase — reported a loss . Wells Fargo, the top mortgage lender, reported a profit rise. Both reported a slump in mortgage originations in the third quarter as rising interest rates took a toll. Read why J.P. Morgan Chase won't be as profitable in the future. Gap Inc.'s disappointing sales The Gap, Banana Republic and Old Navy all reported declining same-store sales in September, sending shares of the parent company (GPS)  skidding Friday. Gap's surprise sales drop adds to industry holiday worry. Royal Mail IPO delivers £1.3 billion blooper Americans are excited by the upcoming Twitter IPO. British investors are into a decidedly slower form of communication. The Royal Mail (UK:RMG) , to be more precise, leaped 40% in its first day of trading, implying the U.K. government left 1.3 billion pounds (or $2.1 billion) on the table in its privatization. Read more on Royal Mail IPO. World likely to have 11 trillionaires within two generations That's the view of Credit Suisse, from their annual, fascinating wealth report. Read more on the trillionaires. Cruise prices sink to all-time lows Not "crude" prices, mind you, cruise prices. Funny what mishaps, as well as added supply, does. Read more about low cruise prices. Obamacare a different law in red states The ongoing political hostility to Obamacare—most recently taking the form of the government shutdown—is having the greatest impact on consumers living in states where elected officials are opposed to the law. Read more here . 10 people you're not tipping enough. If you're like most Americans, you've stiffed a hardworking professional—perhaps without even realizing it. Read more on people you're not tipping. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111