The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends higher on earnings...

Tuesday, July 17, 2012

Daily Investor Briefing: Wall Street ends higher on earnings...

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07/17/2012

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 ends higher on earnings beats

NEW YORK (Reuters) - Stocks rose on Tuesday after Coca-Cola and Goldman Sachs joined the growing roster of S&P companies that beat profit forecasts and as Federal Reserve Chairman Ben Bernanke left the door open to more stimulus.

Yahoo reports flat second-quarter revenue

SAN FRANCISCO (Reuters) - Yahoo Inc , looking to revive its fortunes with Monday's hiring of a new chief executive from Google Inc , reported flat net revenue and a slight decline in profit during the second quarter.

Intel forecast portends weak PC sales

SAN FRANCISCO (Reuters) - Top chipmaker Intel Corp forecast weak current-quarter revenues, reinforcing fears that a wavering global economy and a lack of consumer interest are dampening personal computer sales.

Bernanke offers few hints on further Fed easing

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the U.S. central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy's weakness.

Analysis: Funds may have won and lost in Libor scandal

BOSTON (Reuters) - The investment chief of Calpers, the largest U.S. public pension fund, threatened a lawsuit if the fund was harmed by banks' manipulations of the London InterBank Offered Rate, or Libor.

FedEx risks losing $1 billion-plus Post Office contract to UPS

(Reuters) - Package-delivery company FedEx Corp risks losing its business with the U.S. Postal Service, worth more than $1 billion a year, when the beleaguered postal service puts the contract up for bid next year.

HSBC contrite as senators hammer money-laundering lapses

WASHINGTON (Reuters) - HSBC Holdings Plc told a U.S. Senate panel on Tuesday that it has dealt head-on with allegations of pervasive money-laundering through bank accounts, saying it has overhauled how it polices transactions, exited lucrative businesses and shaken up executive leadership.

J&J hit by strong dollar, CEO eyes pruning units

(Reuters) - Johnson & Johnson reported lower-than-expected quarterly sales and cut its full-year 2012 profit forecast due to the stronger dollar as its new chief executive vowed to be disciplined in paring slow-growing businesses.

Chevron could restart output from Brazil spill field soon

RIO DE JANEIRO (Reuters) - Brazilian regulator ANP said on Tuesday U.S. oil company Chevron Corp should soon be able to resume production in a field off the coast of Rio de Janeiro state that the company shut down after detecting an oil seep following a November spill.

Greece needs bridging loan, scrambles for more cuts

ATHENS (Reuters) - Greece's coalition government will seek a bridging loan to tide it over while it scrambles to find 11.7 billion euros of spending cuts to bring a derailed bailout plan back on track and appease exasperated international lenders.