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Monday, December 22, 2014

Daily Investor Briefing: Wall St. up for fourth straight 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 St. up for fourth straight day; S&P ends at record
NEW YORK (Reuters) - U.S. stocks rose for a fourth straight session on Monday as large-cap technology shares gained and gave an outsized boost to the Dow, though continued weakness in crude oil weighed on the energy sector.
Alstom to pay record $772 million to settle bribery charges with U.S.
WASHINGTON (Reuters) - The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department alleging the company bribed government officials to win business around the world.
Oil slides as Saudi Naimi tells market to forget OPEC cuts
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
U.S. existing home sales hit six-month low, inventories low
WASHINGTON (Reuters) - U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.
Russia in recession in 2015, ruble to stay pressured: Reuters poll
MOSCOW (Reuters) - The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
Icahn's money could keep Atlantic City casino open another year: lawyer
WILMINGTON, Del. (Reuters) - The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday.
Gucci to check Chinese suppliers after TV exploitation charges
MILAN (Reuters) - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.
Russia says U.S. scrapping steel trade deal raises WTO issues
LONDON (Reuters) - Russia has complained that a U.S. move to scrap a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules.
GM gets 104 more claims for faulty ignition switch compensation
(Reuters) - General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program.
Russia to bail out Trust Bank with up to $530 million
MOSCOW (Reuters) - Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.
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