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Friday, December 19, 2014

Daily Investor Briefing: Wall Street ends up for third day;...

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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 ends up for third day; energy shares rise
NEW YORK (Reuters) - U.S. stocks extended their gains to a third session on Friday, giving the S&P 500 its best weekly performance in about two months as energy shares continued to rebound.
Obama vows U.S. response to North Korea over Sony cyber attack
WASHINGTON (Reuters) - President Barack Obama vowed on Friday to respond to a devastating cyber attack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States.
Exclusive: GM develops contingency plans in case Takata recalls widen
DETROIT(Reuters) - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.
Oil jumps 5 percent second time in week on short-covering
NEW YORK (Reuters) - Oil prices jumped more than 5 percent on Friday for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months, and lighter-than-usual pre-holiday volume exaggerated the move higher.
Oil, stocks go their separate ways
NEW YORK (Reuters) - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.
EU widens trade row with new Boeing subsidy claim
GENEVA (Reuters) - The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing's home state of Washington.
Russia's parliament rushes through bill boosting banking capital
MOSCOW (Reuters) - Russia's lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion rubles ($16.5 billion).
U.S. NLRB files labor violations complaints against McDonald's
(Reuters) - The U.S. National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchises for alleged labor violations, including the illegal firing and intimidation of staff who protested working conditions.
Fed's Williams sees June 2015 'reasonable' for rates liftoff
SAN FRANCISCO (Reuters) - U.S. inflation will likely still be "well below" the Federal Reserve's 2-percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday.
Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion
BANGKOK (Reuters) - Thai Union Frozen Products PCL , the world's biggest producer of canned tuna, has agreed to buy U.S. competitor Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.
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