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Wednesday, January 9, 2013

Daily Investor Briefing: Wall Street rises after Alcoa reports...

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01/9/2013
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 rises after Alcoa reports earnings
NEW YORK (Reuters) - Stocks rose on Wednesday, as the first group of earnings reports started to trickle in, without giving a clear direction of how well corporations did during the fourth quarter.
Amid public rage, AIG opts out of U.S. government lawsuit
(Reuters) - The board of American International Group Inc decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, following two days of fevered backlash from Congress and the public over the prospect.
Exclusive: BlackRock to buy Credit Suisse's European ETFs - source
NEW YORK (Reuters) - BlackRock Inc has won the bidding for Credit Suisse Group AG's European exchange-traded fund business, according to a source familiar with the situation.
Nasdaq CEO says would definitely consider Euronext
NEW YORK (Reuters) - Nasdaq OMX Group would definitely consider bidding for Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon stock exchanges, if it were put up for sale, Nasdaq's Chief Executive Robert Greifeld said in an interview.
Three top U.S. wireless carriers to embrace BlackBerry 10
LAS VEGAS (Reuters) - Three of the top U.S. cellphone carriers signaled this week that they would support Research In Motion's BlackBerry 10 products, the first of which are due to be unveiled Jan 30, offering a hopeful sign for RIM's comeback effort.
Morgan Stanley cuts 1,600 jobs as business languishes
(Reuters) - Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
Nike wins trademark case in Supreme Court
WASHINGTON (Reuters) - Nike Inc won a victory at the U.S. Supreme Court barring a smaller rival from suing to void the company's trademark for its top-selling Air Force 1 sneakers.
Chrysler 2012 Jeep sales topped 700,000 worldwide for first time
DETROIT (Reuters) - Chrysler Group LLC's Jeep brand sold more than 700,000 vehicles worldwide for the first time in 2012, an increase of 19 percent from the previous year, Chrysler said on Wednesday.
Dish trumps Sprint's offer for Clearwire with $2.3 billion bid
(Reuters) - Dish Network put in a bid for Clearwire Corp on Tuesday that trumped Sprint Nextel's $2.2 billion offer, setting the stage for a takeover battle for the wireless service provider that owns crucial mobile spectrum.
VW seeks full control over German truck maker MAN
FRANKFURT (Reuters) - Volkswagen's moved to tighten its grip over MAN on Wednesday, saying it wished to take full control over the Munich-based truck maker.
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