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Tuesday, June 19, 2012

Daily Investor Briefing: Wall Street up on stimulus hopes...

Reuters » Daily Investor Update
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06/19/2012
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 up on stimulus hopes
NEW YORK (Reuters) - Stocks rose on Tuesday on hopes that the Federal Reserve will agree to extend stimulus measures as the economy struggles to recover and the euro zone debt crisis worsens.
Dimon says JPMorgan was honest with shareholders
WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic rise in risk-taking.
Chesapeake Energy trimming North Texas workforce
(Reuters) - Chesapeake Energy Corp said on Tuesday it is eliminating about 70 jobs from its North Texas operations as the U.S. oil and gas producer seeks to fill a large funding gap.
Iraq asks Obama to halt Exxon's Kurdish deal
BAGHDAD/LONDON (Reuters) - Iraq has asked U.S. President Barack Obama to stop Exxon Mobil exploring for oil in its autonomous Kurdistan region, saying the U.S. company's actions could have dire consequences for the country's stability.
Job openings hit five-month low in April
WASHINGTON (Reuters) - U.S. Job openings dropped to a five-month low in April amid a widespread decline in vacancies in all sectors of the economy, underscoring the recent weakness in the labor market.
Starbucks outlines Latin America growth plans
(Reuters) - Starbucks Corp on Tuesday laid out its expansion plans for Latin America, where the world's biggest coffee chain sources the majority of its coffee beans.
U.S. Steel warns imports threatening pipe market
NEW YORK (Reuters) - A surge in imports of steel products into the United States so far this year could threaten the market for steel pipes for the oil and gas industry, one of the strongest sectors in the U.S. market, U.S. Steel Corp Chief Executive John Surma said on Tuesday.
Monsanto sues rival DuPont for copycat seed technology
(Reuters) - Monsanto, the world's largest seed company, is suing chief rival DuPont, accusing DuPont and its agricultural crop subsidiary of treading on Monsanto's technological turf by copying key new plant breeding innovations.
Nationstar named opening bidder for ResCap mortgage unit
(Reuters) - A judge on Tuesday approved Nationstar Mortgage Holdings Inc as the opening bidder for Residential Capital LLC's mortgage origination and servicing business, beating out an offer from Warren Buffett's Berkshire Hathaway Inc .
Spanish short-term debt costs reach alarm levels
MADRID/ATHENS (Reuters) - Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday.
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