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Monday, June 10, 2013

Daily Investor Briefing: S&P revises U.S. credit outlook to...

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06/10/2013
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
S&P revises U.S. credit outlook to 'stable' from negative
NEW YORK (Reuters) - Standard & Poor's on Monday removed the near-term threat of another credit rating downgrade for the United States by revising its outlook to stable from negative, citing an improved economic and fiscal outlook.
Wall Street near flat as Fed fears offset U.S. credit outlook revision
NEW YORK (Reuters) - Stocks were nearly flat as worries about when or if the Federal Reserve might reduce its stimulus efforts offset a credit outlook upgrade for the United States.
Apple unveils music streaming service, revamps iOS
SAN FRANCISCO (Reuters) - Apple Inc on Monday unveiled a music streaming service that is a key part of overhauled mobile software that the company called the most revolutionary re-design of its operating system since the iPhone was introduced in 2007.
Exclusive: EU regulators to clear Delta, Virgin deal unconditionally - sources
BRUSSELS (Reuters) - Delta Air Lines is expected to secure unconditional European regulatory approval to buy a 49 percent stake in Virgin Atlantic, allowing it to compete better with rivals in the lucrative transatlantic market.
Google finalizing $1.3 billion deal for mapping company Waze: source
SAN FRANCISCO (Reuters) - Google Inc is finalizing a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter.
Former Bristol-Myers executive admits to insider trading
(Reuters) - A former Bristol-Myers Squibb Co finance executive on Monday pleaded guilty to an insider trading charge, admitting to buying stock options in a biotechnology company that the drugmaker was preparing to buy.
Organic growers lose decision in suit versus Monsanto over seeds
(Reuters) - Monsanto Co. on Monday won another round in a legal battle with U.S. organic growers as an appeals court threw out the growers' efforts to stop the company from suing farmers if traces of its patented biotech genes are found in crops.
Airbus A400M delivery could slip into July: sources
PARIS (Reuters) - The first delivery of the Airbus A400M, Europe's new military airlifter, could slip beyond its second-quarter target date and take place in July, industry sources said.
Elan voluntarily dismisses U.S. lawsuit against Royalty
NEW YORK (Reuters) - Irish drug firm Elan Corp Plc voluntarily dismissed its U.S. lawsuit against Royalty Pharma , the U.S. investment firm which increased its offer to take over Elan last week, a court filing showed on Monday.
GM to swap U.S. manufacturing chief to new job amid truck launch
DETROIT (Reuters) - General Motors Co said on Monday it is switching its head of North American manufacturing to a new position now that the U.S. automaker has begun building new versions of its highly profitable full-size pickup trucks.
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