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Thursday, June 27, 2013

Daily Investor Briefing: Wall Street ends up for third day as...

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06/27/2013
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 up for third day as Fed angst ebbs
NEW YORK (Reuters) - U.S. stocks climbed for a third straight day on Thursday after comments from several Federal Reserve officials soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future.
Consumer spending, jobs data point to lukewarm growth
WASHINGTON (Reuters) - Consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate growth path.
CFTC charges MF Global, Corzine, O'Brien over brokerage collapse
WASHINGTON (Reuters) - Regulators on Thursday settled charges against MF Global over the futures brokerage's collapse, and also charged former Chief Executive Jon Corzine and former Assistant Treasurer Edith O'Brien in connection with the alleged misuse of customer funds.
Bank of America rejects AIG bid to reopen $8.5 billion mortgage accord
NEW YORK (Reuters) - Bank of America Corp has rejected a bid to re-open negotiations into its proposed $8.5 billion settlement with investors in mortgage securities, indicating it plans to take its chances that a New York judge will approve the deal.
SEC, ex-Goldman VP Tourre battle over key fraud trial witness
NEW YORK (Reuters) - As the civil fraud trial approaches of former Goldman Sachs Group Inc vice president Fabrice Tourre, the two sides are focusing on a key witness and whether her own legal troubles could affect her testimony.
Malone gauges options for Charter, Time Warner Cable deal: report
(Reuters) - John Malone, chairman of Liberty Media, is sounding out options for cable operator Charter Communications to acquire larger rival Time Warner Cable, according to a media report.
Choppier profits seen on insurance accounting shake-up
NEW YORK (Reuters) - The biggest overhaul of insurance accounting in 30 years advanced a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile.
U.S. Bank, partner to refund $6.5 million over auto lending
WASHINGTON (Reuters) - U.S. Bancorp's U.S. Bank and a nonbank partner will refund about $6.5 million to U.S. military personnel over auto lending practices regulators said were deceptive, the Consumer Financial Protection Bureau said on Thursday.
Nike posts higher profit, China orders rise
(Reuters) - Nike Inc on Thursday posted a higher quarterly profit, helped by big sales gains in North America, and the maker of sports clothes and shoes said global orders for delivery later this year were up.
Marc Rich, 'King of Oil', laid to rest in quiet Israel ceremony
KIBBUTZ EINAT, Israel (Reuters) - Billionaire Marc Rich, the pioneering oil trader who was also a fugitive from U.S. justice for tax evasion, racketeering and busting sanctions with Iran, was laid to rest in a quiet funeral outside Tel Aviv on Thursday.
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