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Tuesday, May 15, 2012

Daily Investor Briefing: Wall Street suffers third straight...

Reuters » Daily Investor Update

05/15/2012

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 suffers third straight drop after late slide

NEW YORK (Reuters) - Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session.

FBI launches JPMorgan probe, shareholders back Dimon

TAMPA, Florida (Reuters) - The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.

Wal-Mart results could move investors past bribe probe

(Reuters) - Wal-Mart Stores Inc will try to get investors' minds back on business and away from a Mexican bribery scandal, and continued progress in its U.S. turnaround could do just that.

GM plans to stop advertising on Facebook

(Reuters) - General Motors Co will stop advertising on Facebook, a move that comes during the same week the social networking website is due to go public.

April retail sales hint at slower spending pace

WASHINGTON (Reuters) - Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.

Exclusive: Asset manager TCW looks to cash in on foreclosed homes

NEW YORK (Reuters) - TCW, a Los Angeles-based asset management firm, is looking to raise up to $250 million from investors for a fund that seeks to capitalize on the red-hot U.S. rental market for single-family homes.

Boeing studies higher 787 production target

(Reuters) - Boeing Co is on track to hit its production rate target for the 787 Dreamliner next year and is studying the possibility of raising that target, the head of the planemaker's commercial airplanes unit said on Tuesday.

Analysis: For energy companies 2012 likely to be fraught with pricing peril

(Reuters) - Just six months ago energy companies were the kings of the hill, delivering stronger results than any other market sector, but 2012 is looking very different, if first-quarter results are signs of future fortune.

Anti-Wall Street protesters upstage Morgan Stanley meet

PURCHASE, New York (Reuters) - Anti-Wall Street protesters upstaged Morgan Stanley's annual meeting on Tuesday, lobbing tough questions at Chairman and Chief Executive James Gorman and shouting negative comments over a bank official who was attempting to read a tally of shareholder votes.

Chesapeake shares fall on downgrade, loan

(Reuters) - Chesapeake Energy Corp shares dropped as much as 6.5 percent on Tuesday following a credit rating downgrade and news that the natural gas producer will boost its borrowings to $4 billion from the planned $3 billion as it faces a liquidity crunch.