Daily Investor Briefing: Dow, S&P tick lower but Apple boosts...

	Click to View in Browser 11/12/2014 Dow, S&P tick lower but Apple boosts Nasdaq NEW YORK (Reuters) - The Dow and S&P 500 ticked lower on Wednesday to break a five-day streak of record closing highs as energy and utility shares lost ground, but the Nasdaq climbed as Apple finished at a record. Cisco revenue rises 1.3 percent (Reuters) - Network equipment maker Cisco Systems Inc reported a marginal 1.3 percent rise in first-quarter revenue, helped by higher orders for its new routers and switches. J.C. Penney reports smaller loss as margins improve (Reuters) - J.C. Penney Co Inc reported a smaller quarterly loss as a 12 percent drop in operating expenses boosted margins. Regulators fine global banks $4.3 billion in currency investigation LONDON/ZURICH/NEW YORK (Reuters) - Regulators fined six major banks a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a yearlong global investigation. Goldman Sachs inducts 78 bankers into elite partnership NEW YORK (Reuters) - Goldman Sachs Group Inc elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers. Exclusive: Takata changes chemical compound involved in air bag recalls TOKYO/DETROIT (Reuters) - Takata Corp has modified the composition of an air bag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters. Safety advocate urges GM switch fund to intensify victim outreach NEW YORK (Reuters) - A car-safety advocate on Wednesday urged the lawyer overseeing General Motors Co's program to compensate victims of accidents linked to a faulty ignition switch in its vehicles to take a more active approach to finding cases of injury or death. Dow Chemical raises buyback by $5 billion, to sell more assets (Reuters) - Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb's push to split the company. Retail REITs looking pricey as Sears ponders joining mix NEW YORK (Reuters) - Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. But the struggling retailer's move to tap into a surging commercial property market comes as the sector looks increasingly rich. Citi to pay $1.02 billion to settle foreign exchange probe (Reuters) - Citigroup Inc said it will pay $1.02 billion to settle a probe by regulators for failing to stop traders from trying to manipulate the foreign exchange market. Related Video Macy's millenial focus key for holidays: S&P Cap IQ's Levy BoE hints rate hike later Related News Retail REITs looking pricey as Sears ponders joining mix World too complex for smart beta: James Saft A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend