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Thursday, September 11, 2014

Daily Investor Briefing: S&P 500, Nasdaq end up slightly; Dow...

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09/11/2014
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
S&P 500, Nasdaq end up slightly; Dow dips
NEW YORK (Reuters) - The S&P 500 and Nasdaq ended slightly higher on Thursday, reversing earlier losses late in the session as energy shares bounced back with oil prices.
U.S. jobless claims rise, but firming labor market trend intact
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.
Exclusive: State attorneys general probing AT&T deal for DirecTV
WASHINGTON (Reuters) - State attorneys general working to determine whether Comcast Corp's deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc's plans to buy DirecTV, according to sources close to the merger probe.
David Rosenberg: U.S. stocks in correction, but bull market intact
NEW YORK (Reuters) - The U.S. stock market has entered into a corrective phase, but the underlying bull market remains in place, David Rosenberg, chief economist and strategist of Canadian asset manager Gluskin Sheff, said on Thursday.
Amid Alibaba fever, reasons for caution in IPO market
NEW YORK (Reuters) - The highly anticipated debut of Alibaba Group Holding Ltd, the Chinese e-commerce group, will come amid the busiest year for initial public offerings since the technology bubble burst in 2000.
Toyota recalling 130,000 Tundras for air-bag issue
DETROIT (Reuters) - Toyota Motor Corp is recalling 130,000 2014 Tundra pickup trucks to correct a problem with side air bags, the automaker's U.S. sales arm said Thursday.
Eastman Chemical to buy Taminco for $1.8 billion
(Reuters) - Eastman Chemical Co said it will buy Taminco Corp for $1.8 billion to get a key chemical used in products for the food, agricultural and water treatment markets.
Airbus CEO criticizes German arms export rules
BERLIN (Reuters) - The chief executive of aerospace and defense group Airbus criticized the German government on Thursday for its restrictive arms export policy, saying it could deter international cooperation on future defense projects.
JP Morgan's Dimon finishes scheduled cancer treatments: WSJ
(Reuters) - JPMorgan Chase & Co CEO Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment this week, the Wall Street Journal said, citing people familiar with the matter.
Banking skills, not name, key to Ana Botin's success at Santander
MADRID (Reuters) - Ana Botin's appointment at the head of Santander signals a continuity in strategy at the bank that has pleased analysts and investors, with banking sources expecting her to prove herself by growing the lender through acquisitions and modernizing it.
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