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Wednesday, January 7, 2015

Daily Investor Briefing: Wall Street ends 1 percent higher on...

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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 1 percent higher on data, Fed
NEW YORK (Reuters) - U.S. stocks rose 1 percent on Wednesday, rebounding from five straight down sessions, lifted by strong private sector jobs data and minutes from the most recent Federal Reserve meeting that reassured investors the bank was in no hurry to start raising interest rates.
Trade, employment data boost U.S. economy's fundamentals
WASHINGTON (Reuters) - The U.S. trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth.
Fed looks past a world in turmoil, confident in U.S. recovery
WASHINGTON (Reuters) - U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay.
Oil snaps four-day losing streak after U.S. crude stockpiles drop
NEW YORK (Reuters) - Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel.
GM cuts price on most Cadillac CTS sedans amid weak demand
DETROIT (Reuters) - General Motors Co's luxury Cadillac brand has cut the price most customers will pay for its 2015 CTS to counter slumping demand in the United States for the marquee sedan.
Merkel says she wants Greece to stay in the euro zone
BERLIN/LONDON (Reuters) - Germany's Angela Merkel played down the chances of a Greek exit from the euro zone on Wednesday, but made clear she expected Athens to stick to the terms of its international bailouts after this month's election.
Dick's Sporting Goods explores going private: sources
NEW YORK (Reuters) - Dick's Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.
Monsanto profit falls, but less sharply than Wall St expected
(Reuters) - Monsanto Co on Wednesday reported a 34 percent drop in quarterly profit, in part because of lower planted corn acreage in South America and a shift in timing of some sales, but the decline was less steep than analysts expected.
EU publishes confidential papers to defend U.S. trade deal
BRUSSELS (Reuters) - The European Union made public on Wednesday confidential papers being used to negotiate a free trade deal with the United States, an unprecedented step to deflect criticism from anti-globalization campaigners that Brussels is drawing up the world's largest trade deal in secret.
Obama advisers to recommend veto of House Keystone bill
WASHINGTON (Reuters) - President Barack Obama's advisers will recommend he veto a House bill approving construction of the Keystone XL oil pipeline if the legislation reaches his desk, the White House said in a statement on Wednesday.
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