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Tuesday, January 17, 2012

DAI: Wall Street rises but off highs as Citi sinks

Reuters
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01/17/2012
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LATEST NEWS
Wall Street rises but off highs as Citi sinks
NEW YORK (Reuters) - Stocks advanced on Tuesday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup's steep drop in profit gave investors a reason to unload bank shares. | Full Article
SEC Inspector General Kotz leaving agency
January 17, 2012 04:27 PM ET
WASHINGTON (Reuters) - David Kotz, the tough internal watchdog at the U.S. Securities and Exchange Commission, is leaving the agency at the end of January, the SEC said on Tuesday. | Full Article
Citigroup profit falls 11 percent, misses Street view
January 17, 2012 03:39 PM ET
(Reuters) - Citigroup Inc's fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals. | Full Article
RIM shares jump on report of sale efforts
January 17, 2012 02:48 PM ET
(Reuters) - Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics. | Full Article
Will hedge fund holdouts scuttle Greek swap deal?
January 17, 2012 04:17 PM ET
NEW YORK (Reuters) - Hedge funds holding Greek bonds that mature in March may have the strongest hand in the critical negotiations to restructure the cash-strapped country's debt. | Full Article
US TOP NEWS
Romney unscathed from debate attacks
January 17, 2012 09:10 AM ET
MYRTLE BEACH, South Carolina (Reuters) - Republican presidential hopefuls attacked Mitt Romney's record in business and government on Monday and challenged him to release his tax returns, but the front-runner emerged largely unscathed from a South Carolina debate. | Full Article
Kraft to cut 1,600 jobs in split
January 17, 2012 02:40 PM ET
(Reuters) - Kraft Foods Inc said that splitting into two companies would lead it to cut about 1,600 jobs in North America this year and that its 2011 profit should be slightly higher than it had previously forecast. | Full Article
Treasury dips into pension funds to avoid debt
January 17, 2012 04:09 PM ET
WASHINGTON (Reuters) - The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. | Full Article
Accused White House gunman faces attempted assassination count
January 17, 2012 02:35 PM ET
WASHINGTON (Reuters) - An Idaho man was formally indicted on Tuesday for attempting to assassinate President Barack Obama and on other criminal charges after he allegedly opened fire on the White House in November. | Full Article
Guantanamo commander summoned to testify in court
January 17, 2012 02:54 PM ET
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - A U.S. military judge ordered the commander of the Guantanamo detention camp to testify on Tuesday about orders he gave that limit the mail prisoners can receive from their lawyers. | Full Article
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Vitamin D doesn't ease lung disease symptoms: study
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