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Thursday, October 24, 2013

Daily Investor Briefing: Twitter prices IPO at $17 to $20 a...

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10/24/2013
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
Twitter prices IPO at $17 to $20 a share
SAN FRANCISCO (Reuters) - Twitter said on Thursday that it intends to sell 70 million shares priced between $17 and $20 in an initial public offering that will value the company at as much as $10.9 billion.
Wall Street ends higher, resuming upward trend on Fed
NEW YORK (Reuters) - U.S. stocks resumed their move up on Thursday as economic data underscored views U.S. monetary stimulus will be in place for the foreseeable future and earnings offered some upbeat news.
Microsoft profit up 17 percent, shares jump
SEATTLE (Reuters) - Microsoft Corp said its fiscal first-quarter profit rose a greater-than-expected 17 percent, as strong sales of its Office and server software to businesses offset weakness in its flagship Windows system.
Icahn bumps up Apple stake, pushes Cook again on buyback
(Reuters) - Billionaire investor Carl Icahn fired his latest salvo at Apple Inc Chief Executive Tim Cook on Thursday, urging the iPhone maker again to initiate a $150 billion buyback through a tender offer - but pledging to keep his own stock out of it.
Airline profits rise in third quarter, but United misses
(Reuters) - Southwest Airlines and United Continental Holdings made more money in the third quarter as higher airfares bolstered revenue, capping a strong week of earnings for major U.S. airlines that bodes well for the current period.
Analysis: T-Mobile strategy could eat into business of AT&T, Verizon
NEW YORK (Reuters) - T-Mobile US Inc is expected to post stronger subscriber growth than its larger rival AT&T Inc for the second straight quarter, suggesting the upstart carrier's bold new customer policies could shake up the U.S. mobile market.
U.S. regulator won't change Fannie, Freddie loan limits before April, 2014
WASHINGTON (Reuters) - U.S. lenders will get at least six months' notice before the government reduces the limit on the size of loans that taxpayer-owned Fannie Mae and Freddie Mac can back, the firms' regulator said on Thursday.
Boston Scientific stents lag, CFO resigns, shares fall
(Reuters) - Boston Scientific Corp , which is in the midst of an attempted turnaround, reported weak sales of its heart stents and provided a disappointing fourth-quarter company sales forecast, sending its shares almost 7 percent lower on Thursday.
China and Europe make up after averting trade war
BRUSSELS (Reuters) - China and the European Union sought to mend ties on Thursday after narrowly avoiding a trade war this year, but the EU's trade chief told Beijing to stop handing out state subsidies that Brussels says are illegal.
Wells Fargo waives October mortgage fees for late payers
NEW YORK (Reuters)p - If you are late on your mortgage payment to Wells Fargo Corp this month, the bank is giving you a break.
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