The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends down as fiscal worry...

Thursday, November 8, 2012

Daily Investor Briefing: Wall Street ends down as fiscal worry...

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11/8/2012

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

Wall Street ends down as fiscal worry weighs

NEW YORK (Reuters) - Stocks fell on Thursday and the market could be in line for more weakness as worries about Washington's ability to find a timely solution to the "fiscal cliff" dominate investor thinking in coming weeks.

Trade deficit narrows, economy resists global chill

WASHINGTON (Reuters) - The trade deficit unexpectedly narrowed in September as exports rose sharply, suggesting global demand for U.S. goods was holding up despite a debt crisis in Europe.

Draghi open to ECB rate cut, done helping Greece

FRANKFURT (Reuters) - The euro zone economy shows little sign of recovering before the year-end despite easing financial market conditions, European Central Bank President Mario Draghi said on Thursday, leaving open the possibility of an interest rate cut in the months ahead.

JPMorgan reaches deal with SEC staff on two mortgage probes

(Reuters) - JPMorgan Chase & Co has reached an agreement in principle with the staff of the U.S. Securities and Exchange Commission to resolve two previously disclosed investigations related to mortgage-backed securities, the company disclosed in a quarterly filing on Thursday.

Boeing confirms 20 orders for 737 MAX from ALAFCO

NEW YORK (Reuters) - Boeing Co said on Thursday that ALAFCO , the Kuwait aircraft leasing company, had finalized an order for 20 Boeing 737 MAX 8 jets valued at $2.0 billion at current list prices.

AMR avoids investigation into $2.26 billion debt deals

NEW YORK (Reuters) - Hedge fund Marathon Asset Management has withdrawn a request for an independent investigator to examine the books of American Airlines, a unit of bankrupt AMR Corp, lawyers for the companies said at a hearing on Thursday.

United Continental says Sandy dented October revenue, profit

(Reuters) - United Continental Holdings, the world's largest air carrier, said disruptions to operations including the cancellation of nearly 5,300 flights because of superstorm Sandy, reduced revenue and profit in October.

Exclusive: Talks set with China on audit documents - U.S. official

NEW YORK (Reuters) - U.S. authorities have completed their first observations of official auditor inspections in China and expect to meet soon with Chinese officials, said the head of the U.S. watchdog that oversees corporate auditors on Thursday.

Entry-level wages, higher output cut Ford costs

WAYNE, Michigan (Reuters) - Ford Motor Co has been able to lower its manufacturing costs this year by hiring more entry-level workers and boosting its capacity utilization in North America to 114 percent.

Krones to pay $125 million to end U.S. cases over Le-Nature's

(Reuters) - Krones AG , a German maker of packaging and bottling machines, will pay $125 million to settle a U.S. criminal probe and related civil litigation over its role in a $685 million fraud at Le-Nature's Inc, a bottled water company that went bankrupt in 2006.