The Other Side of Life 24/7: Daily Investor Briefing: Wall St. falls, Dow in negative...

Friday, October 10, 2014

Daily Investor Briefing: Wall St. falls, Dow in negative...

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10/10/2014

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, Dow in negative territory for 2014

NEW YORK (Reuters) - U.S. stocks fell on Friday, with the Dow ending in negative territory for the year and the S&P 500 and Nasdaq posting their worst weeks since May 2012.

Ex-Fed Chair Bernanke: wanted to stop AIG default, not punish firm

WASHINGTON (Reuters) - Former Federal Reserve Chairman Ben Bernanke said on Friday on that prior to the 2008 bailout of American International Group , he was concerned that the insurer "was on the brink of default" and not about punishing AIG.

CEO Bewkes needs to show Time Warner better alone than with Murdoch

NEW YORK (Reuters) - Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.

GT to cut jobs, wind down sapphire plant; takes aim at Apple

(Reuters) - GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc , and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy.

Nissan recalls 238,000 2013 Altima sedans on hood latch issue

DETROIT (Reuters) - Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.

FTC asks Family Dollar for more information on Dollar General bid

(Reuters) - Dollar-store operator Family Dollar Inc said it received a request for additional information from the Federal Trade Commission related to Dollar General Corp's hostile takeover attempt.

Lawyers in Argentine debt dispute to meet with mediator next week

NEW YORK (Reuters) - A court-appointed mediator said Friday he would hold a meeting next week between lawyers for Argentina and creditors suing the country in a longstanding dispute over defaulted debt.

Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

NEW YORK (Reuters) - India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co , a sale that could raise up to $4.5 billion, according to people familiar with the matter.

Berkshire-owned Dairy Queen says customer data hacked in 46 states

(Reuters) - Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.

Venezuela says to pay less than $1 billion to Exxon over nationalization

CARACAS (Reuters) - Venezuela will end up paying less than $1 billion to Exxon Mobil Corp for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government said on Friday.