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Tuesday, September 16, 2014

Daily Investor Briefing: Wall St. ends up as views shift on...

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09/16/2014
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 St. ends up as views shift on Fed's next move
NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday, with the S&P 500 notching its best performance in a month after a news report shifted investor expectations for the Federal Reserve's policy statement Wednesday.
New data shows Americans' incomes still stagnant after recession
WASHINGTON (Reuters) - In what has become a recurring theme in America's long slog back from the 2007-09 recession, most U.S. households again saw no noticeable increase in their income last year.
Roller-coaster debate over new Fed tool may get resolved this week
NEW YORK/SAN FRANCISCO (Reuters) - There is a distinct chance U.S. Federal Reserve officials will rewrite their strategy for normalizing monetary policy this week given signs that a roller-coaster debate over a new tool for controlling interest rates is nearing its resolution.
S&P 500 powers on in a market without big pullback
NEW YORK (Reuters) - For all of those waiting for a correction in U.S. stocks, here's the news: you may have already missed it.
Adobe revenue misses estimate
(Reuters) - Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday.
Weak gasoline, food prices dampen U.S. producer inflation
WASHINGTON (Reuters) - U.S. producer prices were flat in August, pointing to muted inflation pressures that should allow the Federal Reserve to bide its time as it considers when to raise interest rates.
U.S. CEOs gloomier about hiring, spending plans: survey
(Reuters) - U.S. chief executive officers are gloomier about their plans for hiring and capital expenditures over the next six months, and are more wary about their sales prospects, according to a quarterly survey from the Business Roundtable released on Tuesday.
Bank of America forgoes $6 billion with slimmer consumer strategy
NEW YORK (Reuters) - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.
Allergan reaches truce with suitors on special shareholder meeting
(Reuters) - Allergan Inc has agreed not to throw up any roadblocks to a special shareholder meeting on Dec. 18, giving Pershing Square Capital Management a chance to attempt its threatened replacement of Allergan board members.
Coke, J&J join big corporations behind new employee wellness push
WASHINGTON (Reuters) - Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson & Johnson , unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health.
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