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Tuesday, August 12, 2014

Daily Investor Briefing: Wall Street ends lower, led by energy...

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08/12/2014
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 lower, led by energy sector
NEW YORK (Reuters) - U.S. stocks ended slightly lower, pressured by a slide in energy shares and worries over developments in Russia and Ukraine.
Fresh data shows U.S. jobs market tightening
WASHINGTON (Reuters) - The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth.
Boeing-Sikorsky team, Bell selected for U.S. helicopter program
(Reuters) - A team of Boeing Co and Sikorsky Aircraft Corp and Textron Inc's Bell Helicopter have been selected to build prototypes of a multi-role vertical-lift aircraft as part of the U.S. Army's plan to replace thousands of helicopters.
Philip Morris prepared to sue UK over plain cigarette packaging
LONDON (Reuters) - Philip Morris International, the world's largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters on Tuesday showed.
Former hedge fund managers agree to plead guilty to fraud
BOSTON (Reuters) - Two former hedge fund managers who boasted Ivy League credentials and invested some of their clients' money with swindlers Bernard Madoff and Thomas Petters, agreed to plead guilty to criminal charges that they lied about their investment record, the U.S. attorney in Boston said on Tuesday.
Yellen resolved to avoid raising rates too soon, fearing downturn
WASHINGTON/NEW YORK (Reuters) - Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn.
U.S. anti-coal dominoes hit BRICS wall, other skeptics
WASHINGTON (Reuters) - A year ago, U.S. President Barack Obama sought to mobilize the nation behind a grand plan: fight climate change by slashing carbon pollution at home, while prodding other countries to follow.
Los Angeles Clippers sale to Steve Ballmer finalized: NBA
LOS ANGELES (Reuters) - Steve Ballmer, the former head of Microsoft, has completed his $2 billion purchase of the Los Angeles Clippers basketball team, ending a saga that began when former team owner Donald Sterling was heard making racist remarks to his girlfriend on a tape recording.
Chrysler creates vehicle safety office, puts veteran in charge
DETROIT (Reuters) - Chrysler Group LLC on Tuesday announced the establishment of a new office called "vehicle safety and regulatory compliance" led by a veteran company senior vice president, Scott Kunselman.
Target says supply chain 'reset' will help fix Canada woes
TORONTO (Reuters) - Target Corp is repairing the supply chain problems it holds largely responsible for last year's botched Canadian expansion and expects to show measurable progress on a turnaround by this fall, its top executive in Canada said on Tuesday.
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