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Friday, December 13, 2013

Daily Investor Briefing: Qualcomm promotes Mollenkopf to CEO,...

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12/13/2013
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
Qualcomm promotes Mollenkopf to CEO, ends Microsoft talk
SAN FRANCISCO (Reuters) - Qualcomm Inc, the world's biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday, heading off the possibility he might be poached to run Microsoft Corp.
Charter readies Time Warner Cable bid below $135 per share: source
NEW YORK (Reuters) - Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week, a source close to the matter said on Friday.
Wall St. ends near flat; posts declines for the week
NEW YORK (Reuters) - Stocks ended nearly flat on Friday after a three-day drop but logged their worst week in nearly four months on concern the Federal Reserve could signal a more hawkish stance in next week's policy-setting meeting.
Possible heir apparent emerges at Coke after company shakeup
(Reuters) - The surprise departure of a potential Coca-Cola Co chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.
Exclusive: Ex-UBS banker flown to U.S. to face tax fraud trial
BOLOGNA, Italy (Reuters) - Raoul Weil, an ex-UBS banker charged by U.S. authorities for allegedly helping Americans dodge taxes via secret Swiss bank accounts, was being extradited on Friday to the United States from Italy to face a trial likely to reignite debate on tax fraud.
Ford to host last-minute analyst meeting next week
DETROIT (Reuters) - Ford Motor Co on Friday said it will host an analyst meeting next week, a surprise move that comes as the company prepares for the largest new model launch year in its history and faces mounting questions about Chief Executive Alan Mulally's future.
U.S. Supreme Court agrees to weigh bank fraud case
WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to decide what federal prosecutors need to prove in order for someone to be convicted of bank fraud under federal law.
Peugeot shares tumble as GM offloads stake
PARIS (Reuters) - Shares in French carmaker PSA Peugeot Citroen fell a further 11.6 percent on Friday, making for a 23 percent fall in just four days, after U.S. alliance partner General Motors sold its stake ahead of a possible new share issue by the struggling French carmaker.
U.S. wholesale prices point to muted inflation pressures
WASHINGTON (Reuters) - U.S. producer prices fell for a third straight month in November, pointing to a lack of inflation pressure that could give the Federal Reserve pause as it weighs the future of its bond-buying stimulus.
CANADA FX DEBT-C$ firms on Bank of Canada rethink; Fed meeting awaited
* Canadian dollar at C$1.0595 or 94.38 U.S. cents * Bond prices mixed across the maturity curve * Fed meeting next week in view on possible taper By Leah Schnurr TORONTO, Dec 13 (Reuters) - The Canadian dollar strengthenedagainst the greenback in choppy trading on Friday as investorswere encouraged that recent comments from the Bank of Canadawere not as dovish as some had anticipated. Market attention was also focused on next week's two-daymeeting of the U.S. Federal Re
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