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Wednesday, July 17, 2013

Daily Investor Briefing: Wall St. rises on Bernanke's flexible...

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07/17/2013
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 St. rises on Bernanke's flexible timing
NEW YORK (Reuters) - Stocks edged higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the U.S. central bank's stimulus program was not set in stone.
Bernanke hearing turns into eulogy over his tenure at Fed
WASHINGTON (Reuters) - With a smile periodically playing across his face, Ben Bernanke almost looked pleased to face questions from members of the House of Representatives on Wednesday, but that might be because he knows that it was for the last time.
Intel cuts 2013 revenue forecast as PC industry sags
SAN FRANCISCO (Reuters) - Intel Corp cut its full-year revenue forecast as the personal computer industry experiences slumping sales and a shift toward tablets and smartphones.
IBM beats second-quarter EPS estimates, misses on revenue
(Reuters) - IBM , the world's largest technology services company, reported second-quarter earnings per share that beat estimates. Its shares were up nearly 3 percent in after-hours trade.
Exclusive: U.S. seeks new tactic in financial crisis prosecutions
NEW YORK (Reuters) - U.S. federal prosecutors are considering a new strategy for criminally charging Wall Street bankers who packaged and sold bad mortgage loans at the height of the housing bubble, according to a federal official familiar with the investigation.
Trian's Peltz wants PepsiCo to buy Mondelez
NEW YORK (Reuters) - Activist shareholder Trian Fund Management said on Wednesday it wants PepsiCo Inc to buy Oreo cookie maker Mondelez International Inc for $35 to $38 a share, or separate its snacks and beverage business.
Honeywell says would remove 787 beacons if asked
WASHINGTON (Reuters) - Honeywell International Inc on Wednesday said it had no orders to temporarily remove its emergency locator beacons from Boeing Co 787s, but would comply if asked to do so.
Ex HSBC employee hopes for widening of Europe tax probe
PARIS (Reuters) - A former IT analyst from banking group HSBC who provided prosecutors with data on thousands of accounts said in an interview he hoped a Franco-Spanish tax avoidance probe would widen to other countries.
Housing starts fall to 10-month low, weather blamed
WASHINGTON (Reuters) - U.S. housing starts and permits for future home construction unexpectedly fell in June, but the decline in activity was likely to be short-lived against the backdrop of bullish sentiment among home builders.
U.S. prosecutor warns Wall Street about repeat violations
NEW YORK (Reuters) - Manhattan U.S. Attorney Preet Bharara said investment firms that repeatedly violate the law should be concerned that they will eventually be held accountable.
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