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Wednesday, December 24, 2014

Daily Investor Briefing: U.S. retailers likely to just meet...

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U.S. retailers likely to just meet holiday sales forecasts: experts
CHICAGO (Reuters) - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Inc .
Wall St. ends flat in short session, Dow ekes out record close
NEW YORK (Reuters) - U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data.
U.S. jobless claims fall to seven-week low
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength.
Oil slides, Brent tests $60 as data shows glut building
NEW YORK (Reuters) - Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.
Exclusive: U.S. minimum wage hikes to affect 1,400-plus Walmart stores
CHICAGO (Reuters) - Minimum wage increases across the United States will prompt Wal-Mart Stores Inc to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters.
Ruble stable, but S&P downgrade warning weighs
MOSCOW (Reuters) - Russia's ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia's sovereign debt to 'junk' status as soon as next month.
Japan $29 billion stimulus seeks quick boost for regional economies: draft
TOKYO (Reuters) - Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.
China offers fresh support for outbound investment
BEIJING (Reuters) - China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.
South Korea indicts Uber CEO, local unit for transport law breach
SEOUL (Reuters) - South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider.
Takata says president stepping down to streamline air bag recall response
TOKYO (Reuters) - Takata Corp , the auto supplier embroiled in a global safety crisis, said Wednesday its president, Stefan Stocker, would step down and its chairman would assume the role to unify the company's response to the recall of millions of vehicles carrying defective air bags.
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