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Friday, September 13, 2013

Daily Investor Briefing: Wall Street ends higher, boosted by...

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09/13/2013
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 higher, boosted by Intel
NEW YORK (Reuters) - U.S. stocks rose on Friday and the S&P 500 registered its best weekly gain in two months, helped by gains in Intel , though investors remained cautious as the Federal Reserve is expected to scale back its stimulus next week.
U.S. retail sales, consumer confidence point to soft economy
WASHINGTON (Reuters) - U.S. consumer confidence ebbed early this month and retail sales advanced just slightly in August, the latest indications of a lack of momentum in the economy.
U.S. economic growth gauge highest since 2010, annual rate rises
NEW YORK (Reuters) - A measure of future U.S. economic growth hit its highest level in more than three years last week and the annualized growth rate rebounded from a previous 39-week low, a research group said on Friday.
In post-Lehman clean-up, top banker prosecutions stumble
LONDON (Reuters) - Will top bankers' behavior ever land them in jail? Or are bad business decisions even a crime at all?
General Electric names PNC chairman to board of directors
(Reuters) - General Electric Co named PNC Financial Services Group Chairman James Rohr to its board of directors on Friday.
Regulator puts conditions on Honeywell's Intermec purchase
WASHINGTON (Reuters) - U.S. authorities on Friday cleared Honeywell International's proposed purchase of mobile computing device maker Intermec on the condition that Honeywell license key patents used to make scanners.
Some SAC Capital investment staff left for rival firm
BOSTON (Reuters) - Three investment professionals have quit Steve Cohen's SAC Capital Advisors, currently fighting criminal insider trading charges, to join a rival hedge fund, two people familiar with the moves said on Friday.
Miami hospital operator settles with SEC over disclosures
WASHINGTON (Reuters) - The operator of Miami-Dade County's largest hospital will settle civil charges accusing it of misleading investors about its financial condition before an $83 million bond offering, U.S. regulators said on Friday.
Exclusive: Perella fund looks to sell rail leasing company - sources
NEW YORK (Reuters) - A fund managed by Perella Weinberg Partners LP is looking to sell its rail car leasing business in North America, three people familiar with the deal told Reuters this week.
Occidental seeks buyers for 40 percent of Middle East unit: report
(Reuters) - Occidental Petroleum Corp is looking to sell 40 percent of its Middle East operations for $8 billion, Bloomberg reported on Friday, as Oxy seeks investment in the unit as part of a broader plan to split up the company.
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