The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends higher on Fed hopes...

Tuesday, September 17, 2013

Daily Investor Briefing: Wall Street ends higher on Fed hopes...

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09/17/2013

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 Street ends higher on Fed hopes

NEW YORK (Reuters) - U.S. stocks advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to stimulus measures, which have been highly supportive of stocks and other assets, at the conclusion of its two-day meeting on Wednesday.

U.S. inflation tame, but medical costs and rents pushing up

WASHINGTON (Reuters) - U.S. consumer prices barely rose in August, but rising rents and medical care costs pointed to some stability in underlying inflation that could make the Federal Reserve more comfortable trimming its bond purchases.

U.S. default could start end-October with no debt limit hike - CBO chief

WASHINGTON (Reuters) - The United States could begin defaulting on its obligations between the end of October and the middle of November if Congress fails to increase the $16.7 trillion federal debt limit, Congressional Budget Office director Doug Elmendorf said on Tuesday.

Exclusive: Civil settlement does not end JPM's 'Whale' troubles

NEW YORK (Reuters) - U.S. prosecutors are still looking into events surrounding JPMorgan Chase & Co's "London Whale" trading scandal for potential wrongdoing by the bank itself, according to several people familiar with the probe, in a sign that an expected $700 million civil settlement with regulators on the issue may not end its legal woes.

Boeing's stretched 787-9 Dreamliner makes first flight

SEATTLE (Reuters) - A longer version of Boeing Co's Dreamliner made its first flight on Tuesday, passing a key milestone for a plane that should be more profitable both for Boeing to sell and for its customers to operate than the current production model.

Berlusconi's Fininvest ordered to pay 494 million euros in damages

ROME (Reuters) - The family holding company of former Italian prime minister Silvio Berlusconi was ordered on Tuesday to pay 494 million euros in damages stemming from the disputed purchase of publisher Mondadori.

Tennessee plant in lead to build new VW crossover: U.S. VW executive

DETROIT (Reuters) - Volkswagen AG is leaning toward building a seven-passenger crossover utility vehicle at its plant in Chattanooga, Tennessee, rather than at its facility in Puebla in Mexico, a U.S. executive of the German automaker said on Tuesday.

Despite opposition, U.S.'s Barney Frank sees derivatives opening to competition

NEW YORK (Reuters) - When Barney Frank, former U.S. Democratic Congressman and co-author of the Dodd-Frank 2010 banking legislation, set about reforming the U.S. $300 trillion derivatives markets, he felt the key was to foster competition.

U.S. SEC charges 23 firms in short-sale crackdown; 22 settle

WASHINGTON (Reuters) - Twenty-two investment firms will collectively pay more than $14.4 million in sanctions to settle civil charges in connection with a broad crackdown by federal regulators into illegal short-selling practices, the U.S. Securities and Exchange Commission said on Tuesday.

France's Peugeot mulls capital tie-up with Dongfeng: report

PARIS (Reuters) - French carmaker PSA Peugeot Citroen has mandated two banks to study a possible capital tie-up with its Chinese partner Dongfeng , business daily Les Echos reported on Tuesday.