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Tuesday, April 17, 2012

Daily Investor Briefing: Wall Street posts best gains in a...

Reuters » Daily Investor Update

04/17/2012

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 posts best gains in a month

NEW YORK (Reuters) - U.S. stocks scored their best gains in a month on Tuesday after Coca-Cola led another round of strong earnings and bond yields fell in Spain, easing some concerns about Europe's debt crisis.

IBM boosts 2012 outlook after first quarter results

(Reuters) - IBM raised its full year outlook after it posted a 15 percent rise in first quarter earnings on strong demand for its software services and growth in emerging markets.

Intel quarterly revenue beats expectations

(Reuters) - Intel Corp posted first-quarter revenue of $12.9 billion and net earnings of $2.7 billion, or 53 cents a share, as the personal computer industry wrestles with a shift toward tablets and other mobile gadgets.

Yahoo reports $286 million in first-quarter net profit

SAN FRANCISCO (Reuters) - Yahoo Inc said it earned net income of $286 million, or 23 cents a share, in the first quarter.

IMF inches toward deal on boosting firepower

WASHINGTON (Reuters) - The International Monetary Fund on Tuesday appeared to be inching toward a deal on boosting its financial firepower with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone debt crisis.

Exclusive: Bank of America puts non-U.S. wealth arm up for sale

ZURICH/LONDON (Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

Citigroup loses advisory vote on executive compensation

DALLAS (Reuters) - Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.

Goldman beats Street but dials back risk

(Reuters) - Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank.

U.S. factory decline suggests economy losing steam

WASHINGTON (Reuters) - Output at U.S. factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction.

Coke beats Street, sees signs U.S. economy improving

(Reuters) - Coca-Cola Co posted higher-than-expected quarterly results after the world's largest soft drink maker sold more beverages, even in developed markets with economic challenges, fueling hopes that conditions are improving.