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Thursday, November 20, 2014

Daily Investor Briefing: Wall Street inches up to new Dow, S&P...

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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
Wall Street inches up to new Dow, S&P records
NEW YORK (Reuters) - U.S. stocks ended slightly higher on Thursday, pushing the Dow and S&P 500 to fresh record closing highs, as data showed further strength in the U.S. economy and Intel gave an upbeat forecast.
U.S. underlying inflation rising; economy firming broadly
WASHINGTON (Reuters) - Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.
In Senate hot seat, Goldman denies commodity manipulation
WASHINGTON (Reuters) - Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages.
Gap revenue misses estimate
(Reuters) - Apparel retailer Gap Inc reported lower-than-expected quarterly revenue, hurt by a 5.5 percent fall in the U.S. sales of its namesake brand.
Fed launches review of supervision of major banks
WASHINGTON (Reuters) - The U.S. Federal Reserve has launched a review of how it oversees major banks, calling on its inspector general to help with the probe after a series of critical reports.
Best Buy profit beats estimates as costs fall
(Reuters) - Best Buy Co Inc , the largest U.S. consumer electronics chain, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline, even as it expected its current quarter earnings to remain under pressure.
GoDaddy aims to list next year, seeks $4.5 billion valuation: NY Post
(Reuters) - GoDaddy Inc is planning an initial public offering early next year that would value the world's biggest provider of web addresses at roughly $4.5 billion, the New York Post said.
As diners line up, another fast casual chain sizzles on debut
(Reuters) - Shares of Habit Restaurants Inc more than doubled in their trading debut, underscoring the growing appetite among investors for stocks of fast casual restaurant chains - increasingly, the choice of health-conscious diners.
Arizona is first U.S. state to sue GM over delayed recalls
(Reuters) - In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.
Senators slam industry's response to 'live grenade' air bags
WASHINGTON/DETROIT (Reuters) - An executive from Japan's Takata Corp apologized at a Senate hearing on Thursday to the victims of defective air bags that can rupture upon deployment and shoot metal shards into cars, but stopped short of taking full responsibility for deaths linked to the scandal.
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