The Other Side of Life 24/7: Daily Investor Briefing: Wall St. jumps 1 percent, S&P ends...

Tuesday, October 28, 2014

Daily Investor Briefing: Wall St. jumps 1 percent, S&P ends...

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10/28/2014

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. jumps 1 percent, S&P ends above key level

NEW YORK (Reuters) - U.S. stocks rose more than 1 percent on Tuesday, with the S&P 500 ending above its 50-day moving average for the first time in almost a month as strong earnings eased concerns about the outlook for corporate America.

Facebook third-quarter revenue rises 59 percent, shares flat

SAN FRANCISCO (Reuters) - Facebook Inc grew revenue by 59 percent in the third quarter, edging past Wall Street targets, as the online social network saw strong demand for its mobile ads.

Capital spending softens, but consumer confidence rises

WASHINGTON (Reuters) - Demand for U.S.-made capital goods recorded its biggest drop in eight months in September, a cautionary note for an economy that otherwise seems to be moving forward at a steady clip.

U.S. Fed awards $219 billion of term deposits

NEW YORK (Reuters) - The Federal Reserve awarded $219.114 billion of seven-day term deposits to banks, a record amount, at a test auction held on Monday, it said in a statement on Tuesday.

Exclusive: Chanos takes profit on his top 2014 short sale - Brazil

NEW YORK (Reuters) - Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country's downside risk is priced in after the sharp selloff over the past two months.

IBM adds $5 billion to share buyback program

(Reuters) - IBM Corp said its board had approved a $5 billion share buyback in addition to the $1.4 billion remaining from its existing program.

Time Warner's HBO to cut 7 percent of staff

(Reuters) - Time Warner Inc's pay TV network HBO is preparing to cut 7 percent of its staff in the United States or about 150 jobs.

GT Advanced sought to avoid costly battle with Apple: filing

SAN FRANCISCO (Reuters) - GT Advanced Technology Inc , which struck an agreement with erstwhile partner Apple Inc last week that allowed it to proceed with its bankruptcy, said the iPhone maker had threatened to seek damages of more than $1 billion against the company.

U.S. sues AT&T over data throttling on some phone plans

WASHINGTON (Reuters) - The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data.

Fed revises risk management policy for clearing, settlement firms

WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday it has revised its policy which sets the risk management standards for the country's largest clearing, payment and settlement firms.