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Monday, November 24, 2014

Daily Investor Briefing: S&P 500, Dow end at records on...

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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
S&P 500, Dow end at records on central bank bets
NEW YORK (Reuters) - U.S. stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volume was below average.
United Tech CEO steps down, replaced by CFO in abrupt change
(Reuters) - United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard.
RenaissanceRe to buy Platinum Underwriters for $1.9 billion
(Reuters) - RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.
U.S. services sector activity grows, November rate slows: Markit
NEW YORK, Nov 24 (Reuters) - The U.S. services sector expanded in November at a slower rate than the previous month as growth in new business slowed, an industry report showed on Monday.
Some fund managers see oil falling to $60 without OPEC cut
LONDON (Reuters) - Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.
Honda admits under-reporting serious U.S. accidents since 2003
DETROIT/NEW YORK (Reuters) - Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.
Strategist Bernstein sees more equity gains, likes high-yield munis
NEW YORK (Reuters) - Longtime Wall Street strategist Richard Bernstein hasn't quite gotten used to investors' reactions when he tells them his favorite asset class for 2015 is the same as in 2014 - high- yield municipal bonds.
Stalled Greek bailout talks to resume in Paris on Tuesday
ATHENS (Reuters) - Greece's government will resume stalled talks with EU/IMF lenders in Paris on Tuesday, as Athens pushes to conclude a review by inspectors so it can make an early exit to an unpopular bailout program.
Two more deaths identified by GM ignition-switch program
NEW YORK (Reuters) - Two additional deaths have been attributed to a faulty ignition switch in General Motors Co vehicles, bringing the total to 35, according a report on Monday from the lawyer overseeing a program to compensate for deaths and accidents linked to the part.
Carlyle seeking $5 billion for fund with longer life: Bloomberg
(Reuters) - Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.
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