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Friday, July 19, 2013

Daily Investor Briefing: S&P 500 closes at record despite...

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07/19/2013
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 500 closes at record despite tumbling tech
NEW YORK (Reuters) - The Nasdaq composite index fell on Friday as disappointing results from Microsoft and Google dragged down the technology sector, but the S&P 500 index edged up to finish at a record high.
SEC says Steve Cohen failed to supervise two of his traders
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Friday accused hedge fund mogul Steven A. Cohen of failing to supervise two employees who are facing insider trading charges.
The latest risk in Tourre trial: jurors dozing and losing the plot
NEW YORK (Reuters) - It was billed as the hottest trial to come out of the Securities and Exchange Commission's investigations of the financial crisis.
Microsoft shares hit by biggest sell-off since 2000
(Reuters) - Microsoft Corp shares fell more than 12 percent on Friday, their biggest plunge in 13 years, a day after the software company posted dismal quarterly results due to weak demand for its latest Windows system and poor sales of its Surface tablet.
G20 wary of scaring markets, promises careful policy shift
MOSCOW (Reuters) - The Group of 20 nations, wary of renewed market volatility, pledged on Friday to shift policy carefully and communicate clearly as they seek to navigate a path to recovery.
JPMorgan plans to name risk or finance experts to board: source
(Reuters) - JPMorgan Chase & Co expects to name two directors with expertise in risk or finance to its board, according to a person familiar with the matter.
U.S. outlines steps for Bangladesh to restore trade benefits
WASHINGTON (Reuters) - The U.S. Trade Representative's Office on Friday outlined a series of steps that it urged Bangladesh to take to improve factory conditions and workers rights in order to have U.S. trade benefits restored.
GE order book surges; may bode well for global manufacturing
(Reuters) - General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate's shares and stoking hopes for gains in manufacturing around the world.
Honeywell cost cutting drives profit higher
(Reuters) - Honeywell International Inc reported a stronger quarterly profit as it cut costs and sold more security systems for buildings and turbochargers for cars and trucks, nudging its shares to a lifetime high.
SEC rejects settlement with fund manager Phil Falcone
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission voted to reject a deal its enforcement division had struck with once high-flying hedge fund manager Philip Falcone and his hedge fund Harbinger Capital Partners, according to a regulatory filing on Friday by Falcone's publicly traded company Harbinger Group Inc.
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