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Wednesday, August 8, 2012

Daily Investor Briefing: S&P 500 just barely extends rally to...

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08/8/2012
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
S&P 500 just barely extends rally to Day Four
NEW YORK (Reuters) - The Standard & Poor's 500 just barely extended a streak of gains to a fourth day on Wednesday, ending above 1,400 in another thinly traded session.
Standard Chartered begins fightback on Iran allegations
NEW YORK/LONDON (Reuters) - Standard Chartered won some help from Britain's central bank governor on Wednesday in its fightback against a U.S. regulator's allegations that it hid $250 billion of sanctions-busting transactions with Iran.
U.S. productivity rises in second quarter, 2011 revised upward
WASHINGTON (Reuters) - Nonfarm productivity rose more than expected in the second quarter as companies expanded output but only modestly increased the hours worked by their employees, data from the Labor Department showed on Wednesday.
Analysis: Monti takes off gloves in euro zone fight
ROME (Reuters) - Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few months back.
Morgan Stanley considers shutting offices, cutting staff: sources
NEW YORK (Reuters) - Morgan Stanley , under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.
MGM Resorts CEO stays bullish on Macau
(Reuters) - MGM Resorts International's chief executive said he remains bullish on Macau despite reports of slowing growth in the gambling enclave of China.
Google bolsters voice search app for iPhone
SAN FRANCISCO (Reuters) - Google Inc showed off enhancements to its voice-based search technology for Apple Inc's iPhone and said it was testing a new service that will combine its Web-based email with its search engine.
McDonald's July same-store sales flat, worst in 9 years
(Reuters) - McDonald's Corp reported flat sales in July at established restaurants around the world, its worst performance in more than nine years and a signal that a weakening global economy is taking a bite out of mainstream diners' discretionary spending.
Ex-GM executive kept soccer deal's full costs hidden: sources
DETROIT (Reuters) - General Motors Co fired its global marketing chief last week for not properly disclosing as much as a third of the cost of a $559 million sponsorship deal with English soccer club Manchester United, people familiar with the matter said on Wednesday.
CME tests support for aluminum contract to rival LME: sources
NEW YORK/LONDON (Reuters) - CME Group Inc has canvassed traders in recent weeks about the viability of an aluminum contract to rival that of the London Metal Exchange, which has dominated the $80 billion market for decades, industry sources said.
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