The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends flat, slightly down...

Friday, September 21, 2012

Daily Investor Briefing: Wall Street ends flat, slightly down...

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09/21/2012

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 Street ends flat, slightly down on week

NEW YORK (Reuters) - Stocks closed flat on Friday, erasing earlier gains that came on hopes that Spain would seek a bailout.

GM recalls nearly 474,000 cars over gear shift problem

(Reuters) - General Motors Co is recalling 473,841 Chevrolet, Pontiac and Saturn sedans globally to fix a condition that could lead the cars to roll when the drivers think they are in park, the No. 1 U.S. automaker said on Friday.

Apple iPhone 5 fever rages despite grumbling over maps

SAN FRANCISCO/LONDON (Reuters) - Apple Inc fans queued around city blocks worldwide on Friday to get their hands on the new iPhone 5, pointing to a strong holiday season for the consumer device maker despite grumblings about the mapping app in the new smartphone.

Schwab cuts fees on ETFs in bid for market share

(Reuters) - Discount broker Charles Schwab Corp cut fees on its exchange-traded funds, seeking to gain market share for a three-year old product line that has badly lagged competitors.

Exclusive: Tribune eyes former Discovery executive Liguori as CEO

(Reuters) - Peter Liguori, a former top executive at News Corp's Fox and Discovery Communications Inc, has emerged as the leading candidate for Chief Executive at Tribune Co once it emerges from bankruptcy, according to two sources close to the situation.

Standard Chartered inks $340 million deal with NY regulator

NEW YORK (Reuters) - Standard Chartered Bank signed a final agreement with New York's banking regulator to pay $340 million to settle allegations that it hid transactions with Iran from regulators.

Daimler sees valuation of EADS/BAE deal critically: source

BERLIN (Reuters) - Daimler , a major shareholder in EADS , sees the valuation of a proposed deal between the European aerospace company and British defense company BAE Systems critically, a person familiar with the matter said on Friday.

Analysis: Why BAE-EADS merger is double trouble for Boeing

(Reuters) - At an awards ceremony in April, Boeing Co honored 14 "suppliers of the year." Prominent among them: BAE Systems Plc , the British arms maker now in talks to merge with Boeing's biggest civilian rival, EADS , maker of Airbus jets.

Three states join lawsuit challenging Dodd-Frank law

(Reuters) - Three U.S. states have joined a lawsuit against federal regulators, challenging the constitutionality of the 2010 Dodd-Frank law that overhauled U.S. financial oversight and created the Consumer Financial Protection Bureau.

Knight not likely to shed major business units, CEO says

WASHINGTON (Reuters) - Knight Capital Group is not likely to shed any of its major business units after the August 1 trading glitch that cost the market maker $440 million, forcing it to take on additional investors to avoid bankruptcy, Chief Executive Thomas Joyce said on Friday.