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Friday, November 23, 2012

Daily Investor Briefing: Wall Street ends higher in short...

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11/23/2012
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 higher in short session, led by techs
NEW YORK (Reuters) - Stocks rose for a fifth day during a holiday-shortened, thinly traded session on Friday as investors picked up recently beaten-down shares of large technology companies.
Early birds grab bigger slice of retail pie
NEW YORK/BLOOMINGTON, Minnesota (Reuters) - An early start to the U.S. holiday shopping season boosted retailers as customers came with their families and loaded up carts on Thursday night, while later shoppers seemed more focused on sale items.
Analysis: Charges against BP employees test reach of U.S. statute
NEW YORK (Reuters) - Not all manslaughter charges are created equal. If they were, the U.S. Justice Department might have filed just 11 charges when it brought a criminal case against two BP Plc employees last week, one for each of the 11 deaths in the Deepwater Horizon disaster.
Walmart protests draw crowds, shoppers largely unfazed
CHICAGO (Reuters) - Protesters demanding higher wages and better healthcare for Walmart hourly workers converged on the retailer's stores across the United States, though there was no evidence they disrupted operations for the start of the crucial holiday shopping season.
VW to invest over $60 billion in drive to be top automaker
FRANKFURT (Reuters) - Volkswagen AG has earmarked 50.2 billion euros ($64.7 billion) of investments over the coming three years as it accelerates plans designed to help it become the world's largest car maker by the end of the decade.
EU budget summit ends without deal, retry in 2013
BRUSSELS (Reuters) - European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries balked at far deeper spending cuts demanded by Britain and its allies.
After Sandy damage, insurance adjusters may bring more bad news
(Reuters) - After another day of pumping out their swampy, moldy houses, neighbors in Breezy Point in New York City huddled at the quaint generator-powered firehouse Wednesday night, stamping their feet to stay warm. Neighbors picked at food from tin cans and sipped soups from Styrofoam cups as they lamented the growing holes in a safety net they thought they had: homeowner's insurance.
Wal-Mart India unit suspends CFO, others pending probe
MUMBAI (Reuters) - The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment.
BP reorganizes oil production unit
LONDON (Reuters) - BP unveiled a reorganization of its oil and gas production operations on Friday, reversing a change it enacted after the Gulf of Mexico oil spill.
Autonomy founder says HP allegations don't add up
LONDON (Reuters) - Mike Lynch, mathematics whiz and former boss of Autonomy, said he can't see how accusations leveled by Hewlett-Packard Co of dodgy accounting add up to a $5 billion writedown on the software business he sold them last year.
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