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Wednesday, November 5, 2014

Daily Investor Briefing: S&P 500 hits record as rally...

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11/5/2014
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
S&P 500 hits record as rally continues after election
NEW YORK (Reuters) - The S&P 500 and the Dow industrials closed at record highs on Wednesday, led by energy and utility stocks, after Republicans took control of the Senate, raising investor hopes for more business- and energy-friendly policies.
News Corp revenue rises 4 percent
(Reuters) - News Corp , publisher of the Wall Street Journal, reported a 4 percent rise in quarterly revenue, helped by higher sales at its book publishing and online real estate services businesses.
Honda ordered to give Takata air bag papers to U.S. agency
DETROIT (Reuters) - U.S. safety regulators ordered Japanese automaker Honda Motor Co Ltd on Wednesday to provide documents and answer questions under oath about potentially defective air bags installed in millions of recalled U.S. vehicles.
Fed issues rule to prevent oversized U.S. financial firms
WASHINGTON (Reuters) - The U.S. Federal Reserve unveiled a final rule on Wednesday designed to prevent large financial firms from becoming so big that their failure could shake the core of the U.S. financial market.
Big companies disclose too little on operations abroad: watchdog
BERLIN (Reuters) - The world's biggest companies disclose little or no financial details about their operations abroad, according to a report by Transparency International, which singled out Chinese companies but pointed to U.S. tech giants like Amazon and Google as well.
U.S. services sector slows; private payrolls increase
WASHINGTON (Reuters) - U.S. services industry activity slowed for a second straight month in October, the latest indication the economy has lost some momentum.
Wells Fargo sticks to what it knows in overseas push
LONDON (Reuters) - Wells Fargo & Co , the world's biggest bank by stock market value, remains on the lookout to buy loan portfolios in Europe but is in no hurry to snap up an ailing bank to speed up its international growth, a senior executive told Reuters.
Fed's Fisher says hopes new Congress will not interfere with Fed's independence
WASHINGTON (Reuters) - Dallas Federal Reserve president Richard Fisher said on Wednesday he hopes the new Republican-controlled Congress will limit any new laws that might endanger the Fed's independence.
Exclusive: Peugeot takes low-cost step with Moroccan outsourcing
PARIS (Reuters) - PSA Peugeot Citroen will open an engineering center in Morocco with consulting firm Altran in the first major step under new boss Carlos Tavares to increase the French carmaker's footprint in lower-wage countries, sources said.
Chrysler Group profit jumps, keeps 2014 outlook; shares gain
DETROIT (Reuters) - Chrysler Group LLC, a unit of Fiat Chrysler Automobiles , on Wednesday reported third-quarter net income of $611 million, up 32 percent from a year earlier, and kept its full-year outlook, sending shares up in early trading.
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