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Monday, October 22, 2012

Daily Investor Briefing: Dow, S&P end flat after late bounce...

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10/22/2012
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
Dow, S&P end flat after late bounce
NEW YORK (Reuters) - The Dow industrials and the S&P 500 ended flat on Monday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations.
Yahoo posts $1.09 billion net revenue in third quarter
SAN FRANCISCO (Reuters) - Yahoo Inc reported a slight uptick in net revenue in the third quarter, the struggling Internet company's first three months under new Chief Executive Marissa Mayer.
Rosneft beefs up with TNK-BP purchase
MOSCOW/LONDON (Reuters) - Rosneft tightened its grip on Russia's oil industry on Monday with a $55 billion deal to buy TNK-BP that also makes Britain's BP a one-fifth shareholder in the state-controlled company.
Euro zone cut fiscal deficit in 2011, debt up
BRUSSELS (Reuters) - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday.
Iraq ambassador wants U.S. to pressure Exxon on Kurdistan
WASHINGTON (Reuters) - The Obama administration should pressure Exxon Mobil to slow down dealings with Iraqi Kurdistan as they could worsen disputes between Baghdad and the northern province, Iraq's ambassador to the United States said.
Some in Congress look to $55 billion fiscal cliff 'fallback'
WASHINGTON (Reuters) - An idea percolating in the Congress, aimed at helping avoid the "fiscal cliff," would scrap the steep across-the-board spending cuts of $109 billion set to start on January 2 and replace them with more targeted savings of about $55 billion, according to aides familiar with the discussions.
Monster Beverage tumbles on suit about girl's death
(Reuters) - Monster Beverage Corp shares fell 16 percent on Monday after news that it is being sued by the family of a 14-year-old girl who died after drinking two cans of its Monster Energy drink.
AIG in multistate settlement over life policies
(Reuters) - Insurer American International Group Inc has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies, Pennsylvania insurance authorities said on Monday.
Exclusive: Morgan Stanley private wealth executive departs
(Reuters) - A veteran Morgan Stanley broker and former Los Angeles-based executive director of private wealth management has left the firm to join an independent advisory firm in Beverly Hills.
Obama and Romney meet for final debate as race tightens
BOCA RATON, Florida (Reuters) - President Barack Obama and Republican challenger Mitt Romney face off in front of the cameras for a final time on Monday as opinion polls show their battle for the White House has tightened to a dead heat.
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