The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends lower on growth...

Thursday, February 21, 2013

Daily Investor Briefing: Wall Street ends lower on growth...

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02/21/2013

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 ends lower on growth worries

NEW YORK (Reuters) - U.S. stocks fell for a second straight day on Thursday and the S&P 500 posted its worst two-day loss since November after reports cast doubt over the health of the U.S. and euro-zone economies.

Jobs, factory, inflation data favor easy Fed policy

WASHINGTON (Reuters) - A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported the argument for the Federal Reserve to maintain its monetary stimulus.

Wal-Mart eases investors fears, U.S. shoppers feel pain

CHICAGO/BOCA RATON, Florida (Reuters) - Wal-Mart Stores Inc 18 percent dividend increase and comments that U.S. sales patterns were more normal late last week after a slow start to the year helped boost shares of the world's largest retailer 2.6 percent on Thursday.

U.S. Gulf Coast oil spillers about to face day in court

(Reuters) - Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court.

Former Fiat advisers found guilty of misleading market

TURIN, Italy (Reuters) - An Italian appeals court has handed two former Fiat advisers suspended jail sentences and fines for misleading the market in a 2005 stock transaction that secured the Agnelli family's control of the car maker.

Goldman private wealth client holds suspect Heinz account-filing

(Reuters) - A Goldman Sachs private wealth client is the holder of the Swiss account at the center of an investigation into insider trading in H.J. Heinz Co options, regulators said in a court filing late Wednesday.

AIG posts $4 billion loss on sale of aircraft unit ILFC

(Reuters) - Insurer American International Group Inc reported a fourth-quarter loss of $4 billion on Thursday on the sale of its aircraft leasing business, ILFC, though its underlying results beat Wall Street expectations.

United says removing Boeing 787 from flight plans

(Reuters) - United Continental Holdings said on Thursday it was taking Boeing Co's grounded 787 Dreamliner out of its flying plans through June 5, except for a Denver-to-Tokyo route scheduled for a tentative launch in May.

Finmeccanica, Indian officials discuss bribery claims

ROME/MILAN (Reuters) - Italian defense group Finmeccanica and Indian officials discussed corruption allegations connected with the purchase of 12 helicopters in a meeting on Thursday that both sides said was positive.

Chesapeake fourth-quarter profit tops Street, expenses fall

(Reuters) - Chesapeake Energy Corp reported fourth-quarter profit that topped Wall Street estimates on Thursday, helped by lower-than-expected expenses and more profitable oil production.