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Friday, September 28, 2012

Daily Investor Briefing: Wall Street posts best third quarter...

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09/28/2012
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 posts best third quarter since 2010
NEW YORK (Reuters) - Wall Street closed its best third quarter since 2010 after a wave of central bank actions sparked a dramatic reversal in equity markets, but signs of weakness in the economy on Friday pushed stocks lower.
Pricey gasoline hits U.S. consumers, weighs on growth
WASHINGTON (Reuters) - U.S. households stretched to pay for costlier gasoline on meager income growth in August, undercutting spending on other items and pointing to lackluster economic growth.
Samsung wins reconsideration of Galaxy Tab sales ban
SAN FRANCISCO (Reuters) - A U.S. appeals court ruled on Friday that a lower court should reconsider a sales ban against Samsung's Galaxy Tab 10.1 won by Apple in a patent dispute with the South Korean electronics maker.
UBS wins dismissal of shareholder lawsuit
(Reuters) - UBS AG won the dismissal Friday of a shareholder lawsuit accusing the Swiss-based bank of misrepresenting its exposure to mortgage-backed securities and its compliance with U.S. tax laws.
Long toxic, mortgages now seen boosting U.S. bank results
(Reuters) - One of the few businesses working well for the biggest banks these days is the same one that got them in trouble just five years ago: mortgages.
What mining slump? At Vegas show, industry's glass is half full
LAS VEGAS (Reuters) - Caterpillar Inc , Komatsu Ltd and other mining industry suppliers put on a brave face at a major industry conference this week, trying to stare down plunging commodity prices and shrinking mining budgets.
Commerzbank says cooperating on probe of ex-IRS examiner
WASHINGTON (Reuters) - Germany's Commerzbank said on Friday it was cooperating with U.S. prosecutors in a case involving a bank employee charged with conflict-of-interest violations and exposing an Internal Revenue Service whistleblower.
Xstrata haggles over management as Glencore deadline nears
LONDON (Reuters) - Xstrata's directors, facing a Monday deadline to deliver their verdict on Glencore's $32 billion bid, are hammering out a deal they hope will ensure the miner retains control of the combined group's board, even after the exit of its veteran boss.
Exclusive: Codelco to seek to cut 2013 copper premiums to Asia by about $5 - source
SANTIAGO (Reuters) - Codelco, the world's No.1 copper producer, will seek to reduce 2013 physical copper premiums to Asian buyers by about $5, while its European rate will likely be held or trimmed by a smaller amount, a source linked to the company told Reuters.
Ex-analyst at unit of Cohen's SAC Capital admits insider trading
NEW YORK (Reuters) - A former analyst at a division of SAC Capital, the hedge fund founded by Steven Cohen, on Friday pleaded guilty to charges of insider trading and agreed to cooperate with U.S. prosecutors in an investigation of what they say was a $62 million scheme.
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