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Wednesday, November 26, 2014

Daily Investor Briefing: U.S. regulator orders national Takata...

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11/26/2014
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
U.S. regulator orders national Takata driver-side air bag recall
DETROIT (Reuters) - The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.
S&P 500 hits record as tech rallies, but energy weighs
NEW YORK (Reuters) - U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.
U.S. consumer, business spending data point to slowing growth
WASHINGTON (Reuters) - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.
Yellen's 'optimal' model calls for rate hike this year, in theory
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.
Behind Google's Europe woes, American accents
BRUSSELS (Reuters) - When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an aging Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants.
Nigeria's parliament says Shell should pay $4 billion for 2011 oil spill
ABUJA (Reuters) - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.
New home sales rise in October, but September revised down
WASHINGTON, Nov 26 (Reuters) - Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.
OPEC heading for no output cut despite oil price plunge
VIENNA (Reuters) - OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.
U.S. FAA proposes requiring fix for Boeing 787 Dreamliner
NEW YORK (Reuters) - The U.S. Federal Aviation Administration proposed on Wednesday requiring a fix for Boeing Co's 787-8 Dreamliner, following "numerous reports of failures of proximity sensors" on the high-tech plane's wings.
Wal-Mart dismisses several China executives to cut costs
(Reuters) - Wal-Mart Stores Inc said it had dismissed several executives in China as part of an effort to lower costs in the country, where it has been grappling with slower sales and tough price competition.
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