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Tuesday, January 8, 2013

Daily Investor Briefing: Wall Street slips as earnings season...

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01/8/2013
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 slips as earnings season gets under way
NEW YORK (Reuters) - Stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.
AIG may join bailout lawsuit against U.S. government
NEW YORK/WASHINGTON (Reuters) - American International Group Inc, the insurer rescued by the U.S. government in 2008, drew angry condemnation from lawmakers on Tuesday after saying it may join a lawsuit that alleges the bailout terms were unfair.
Alcoa posts fourth-quarter profit on cost cuts
(Reuters) - Alcoa Inc reported a fourth-quarter profit on Tuesday as cost cuts helped offset a drop in aluminum prices.
Exclusive: Bank of America to sell service rights on $100 billion of mortgages
NEW YORK (Reuters) - Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation.
Exclusive: BOJ to consider easing policy again in Jan - sources
TOKYO (Reuters) - The Bank of Japan will consider easing monetary policy again this month as it eyes doubling its inflation target, sources say, as weakness in the economy threatens to delay the country in getting out of deflation.
Target to match some rivals' online prices year-round
(Reuters) - Target Corp said on Tuesday it will match on a year-round basis the prices found on the websites of key rivals Amazon.com Inc, Best Buy Co Inc, Wal-Mart Stores Inc and Toys R Us, its latest tactic to hold onto shoppers focused on price.
GM adopts new Chevy ad campaign to suit global audience
DETROIT (Reuters) - General Motors Co is dropping its "Chevy Runs Deep" marketing campaign in favor of a tagline that GM officials said would better resonate with consumers around the world.
Yum says dropped China chicken suppliers before review announced
LOS ANGELES (Reuters) - KFC parent Yum Brands Inc said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.
United Airlines finds wiring problem on 787: WSJ, citing source
NEW YORK (Reuters) - United Airlines has found a wiring problem on one of its Boeing Co 787 jets, an issue that affects the same system that caused a fire aboard a Japan Airlines Co 787 in Boston on Monday, the Wall Street Journal reported, citing a source.
MF Global judge nixes customer group's bid to depose Corzine
NEW YORK (Reuters) - A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief, Jon Corzine.
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