The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends slightly lower;...

Thursday, September 19, 2013

Daily Investor Briefing: Wall Street ends slightly lower;...

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09/19/2013

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

Wall Street ends slightly lower; Apple lifts Nasdaq

NEW YORK (Reuters) - U.S. stocks retreated slightly on Thursday in the wake of the Federal Reserve's surprise decision to keep its stimulus intact, which had lifted the S&P 500 to a record high.

U.S. economy shows signs of shrugging off higher interest rates

WASHINGTON (Reuters) - U.S. home resales surged in August to a 6-1/2-year high and factories grew busier in the Mid-Atlantic region this month, signs that rising borrowing costs are weighing only modestly on the economy.

Whale scandal costs JPMorgan $920 million in fines

(Reuters) - The "London Whale" trading scandal, once dismissed as a "tempest in a teapot" by JPMorgan Chase & Co CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing.

Wall Street watchdog's board approves broker bonus disclosure plan

(Reuters) - The Financial Industry Regulatory Authority's board has approved a measure that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator said on Thursday.

U.S. court halts $8.2 billion Activision deal with Vivendi

SAN FRANCISCO/PARIS (Reuters) - A U.S. court has taken the rare step of halting Vivendi SA's $8.2 billion deal to sell most of its stake in Activision Blizzard Inc back to the U.S. videogame publisher, but the move is unlikely to kill the transaction, according to analysts and legal experts.

IMF urges U.S. to bury budget hatchet, back fund reforms

WASHINGTON (Reuters) - The International Monetary Fund on Thursday urged U.S. policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.

Fujikura executives indicted in U.S. for alleged auto parts price fixing

WASHINGTON (Reuters) - Two Fujikura Ltd. executives were indicted in Detroit on allegations that they conspired to fix the prices of parts used to make cars' electrical systems, the U.S. Justice Department said.

As Wall Street fears persist, so may stock rally: Ken Fisher

NEW YORK (Reuters) - Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in an interview.

German Bilfinger says to axe 1,250 jobs worldwide

FRANKFURT (Reuters) - German construction and industrial services group Bilfinger SE plans to cut 1,250 jobs worldwide, or just under 2 percent of its workforce, over the next two years as it seeks to cut sales and administration costs.

JPMorgan told to fix credit card practices, pay refunds

WASHINGTON (Reuters) - U.S. bank regulators on Thursday ordered JPMorgan Chase & Co to correct its debt collection and other credit card procedures and to refund more than $300 million to customers harmed by the bank's practices.