The Other Side of Life 24/7: Daily Investor Briefing: Wall St. falls, weighed by energy,...

Friday, September 12, 2014

Daily Investor Briefing: Wall St. falls, weighed by energy,...

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09/12/2014

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 St. falls, weighed by energy, defensive shares

NEW YORK (Reuters) - U.S. stocks fell on Friday weighed by energy shares as crude prices continued to fall, while high-yielding utilities and telecom shares also sold off as Treasury yields jumped.

RadioShack stumbles down road taken by many failed U.S. retailers

(Reuters) - RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy. They often liquidate and go out of business.

Exclusive: HP exploring sale of photo sharing service Snapfish - source

NEW YORK (Reuters) - Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said.

Exclusive: MSCI global indices may include Alibaba after investor queries

(Reuters) - Stock index provider MSCI Inc is considering changing its rules to allow shares of Alibaba Group Holding [IPO-BABA.N] and other companies that list their shares in faraway markets to be included in its widely used indexes.

U.S. retail sales move higher; consumer spirits rise

WASHINGTON (Reuters) - U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter.

Exclusive: Brazil studies slashing key fiscal goal in 2014 - official

BRASILIA (Reuters) - The Brazilian government is considering cutting its most closely watched fiscal target in 2014 as revenues came in worse than expected and one-off expenditures climbed, Treasury chief Arno Augustin told Reuters on Friday.

Falling oil price tilts political, economic balance in U.S. favor

LONDON/KUWAIT (Reuters) - The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

Banks join forces in push for coordinated FX settlement: sources

LONDON (Reuters) - Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters.

Darden posts loss amid growing pressure from investor Starboard

(Reuters) - Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's revised plan to boost Darden's profit and stock price.

U.S. consumer sentiment at 14-month high in September

NEW YORK (Reuters) - U.S. consumer sentiment rose in September to its highest in more than a year on more upbeat views on the domestic economy in the coming year, a survey released on Friday showed.