The Other Side of Life 24/7: Daily Investor Briefing: Wall St ends flat after Dow crosses...

Tuesday, February 21, 2012

Daily Investor Briefing: Wall St ends flat after Dow crosses...

Reuters » Election_newsletter_nov11 » V2

02/21/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall St ends flat after Dow crosses 13,000

NEW YORK (Reuters) - Stocks ended little changed on Tuesday, paring gains after the Dow rose above 13,000 for the first time since May 2008, and as higher oil prices threatened prospects for the economy.

Europe seals new Greek bailout but doubts remain

BRUSSELS (Reuters) - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

Wal-Mart holiday price cuts hit profits

(Reuters) - Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is taking to bring back shoppers do come at a cost.

Dell revenue slightly above Wall Street view

SAN FRANCISCO (Reuters) - Dell Inc reported revenue that was slightly higher than Wall Street expectations, partly due to strength in its enterprise business.

MF Global failure creates tax crunch for farmers

CHICAGO (Reuters) - With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much money he made last year in an account at MF Global.

Are commodity merchants "swap dealers" by any other name?

HOUSTON (Reuters) - Big energy companies like Royal Dutch Shell and commodity merchants like Cargill have a simple argument in pushing back against looming new swap market rules: We're not a bank, so don't regulate us like one.

Wynn says to give U.S. infomation on shareholder Okada

(Reuters) - Wynn Resorts Ltd plans to give evidence to U.S. authorities that it claims shows that its board member Kazuo Okada bribed foreign gaming regulators and may have violated the U.S. Foreign Corrupt Practices Act, board member Robert Miller told analysts on Tuesday.

Food price increases hurt U.S. sales

BOCA RATON, Florida (Reuters) - Price increases across most of the North American food industry have turned off many shoppers, leading to weak sales for some packaged food makers.

ADM to cut 20 percent more jobs than previously announced

CHICAGO (Reuters) - Agricultural processor Archer Daniels Midland Co on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.

American Airlines aims to bolster routes, fleet

(Reuters) - Bankrupt American Airlines aims to boost revenue by $1 billion annually by beefing up its international routes and fleet to lure more well-heeled business travelers, the company said on Tuesday.