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Thursday, December 6, 2012

Daily Investor Briefing: Apple's gains lift tech in quiet day...

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12/6/2012
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
Apple's gains lift tech in quiet day before jobs data
NEW YORK (Reuters) - Stocks closed modestly higher on Thursday, a day ahead of the key monthly jobs report, as a rebound in shares of Apple helped boost technology shares.
Hidden company's data helps stores, gives holiday predictions
CHICAGO (Reuters) - The falloff in visits to U.S. stores the week after Thanksgiving was not as steep this year as last, as retailers appear to be doing a better job of luring shoppers during the holiday season, the founder of shopper counting firm ShopperTrak said.
Apple to return some Mac production to U.S. in 2013
NEW YORK/SAN FRANCISCO (Reuters) - Apple Inc plans to move some production of Macintosh computers to the United States from China next year, Chief Executive Tim Cook said in remarks published on Thursday, in what could be a important test of the nascent comeback in U.S. electronics manufacturing.
Intel CEO Otellini expects insider to replace him
SAN FRANCISCO (Reuters) - Intel's outgoing chief executive, Paul Otellini, said he expected to be replaced by a company insider and also signaled that the top chipmaker could open its factories to strategic customers.
Morgan Stanley's 2013 adviser pay to reward new loans
(Reuters) - Morgan Stanley will shift the way advisers in its wealth management business are paid next year, cutting bonuses tied to the amount of revenue they bring in and rewarding them instead for growing assets and loans.
Ford hybrids fall short of fuel claims: Consumer Reports
DETROIT (Reuters) - Ford Motor Co's C-Max and Fusion hybrids fell about 20 percent short of its fuel economy claims, Consumer Reports magazine said after running tests on both models.
ArcelorMittal pulls French bid for EU steel project
PARIS (Reuters) - A politically charged deal between the French government and ArcelorMittal to preserve jobs at an ailing steelworks looked at risk of unraveling on Thursday after the global steel giant ditched a bid to run an EU-funded project there.
Starbucks bows to pressure on UK tax
LONDON (Reuters) - Coffee chain Starbucks said it could pay about 20 million pounds in corporation tax in Britain over the next two years, surrendering to widespread public criticism over allegations of tax avoidance.
ECB discusses rate cut, depicts bleak 2013
FRANKFURT (Reuters) - The European Central Bank pondered an interest rate cut on Thursday and predicted the euro zone economy would shrink again in 2013, leaving the door open to a possible reduction in borrowing costs early next year.
Rolls-Royce could face prosecution in bribery probe
LONDON (Reuters) - Aerospace and defense group Rolls-Royce may face prosecution after Britain's Serious Fraud Office (SFO) ordered it to hand over details of possible bribery and corruption in China and elsewhere, the company said on Thursday.
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