The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends flat after six weeks...

Monday, August 20, 2012

Daily Investor Briefing: Wall Street ends flat after six weeks...

Click to View in Browser

08/20/2012

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 flat after six weeks of gains

NEW YORK (Reuters) - Stocks ended little changed on Monday on signs of fatigue after a six-week run of gains as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region's debt crisis.

Apple becomes most valuable company of all time

NEW YORK (Reuters) - Apple Inc became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp more than a decade ago.

Jury convicts manager who testified at his own insider trial

NEW YORK (Reuters) - A California hedge fund manager who testified in his own defense at his insider trading trial, was convicted on Monday of securities fraud and conspiracy charges by a federal jury.

Best Buy names CEO; founder still eying company

(Reuters) - U.S. electronics chain Best Buy Co Inc named Hubert Joly, the former head of hospitality and travel company Carlson, as its new chief executive on Monday, hoping to tap the French businessman's acumen in turning around ailing businesses.

Aetna to buy Coventry in Medicare, Medicaid expansion

CHICAGO (Reuters) - Health insurer Aetna Inc said on Monday that it would buy rival Coventry Health Care Inc for $5.6 billion to increase its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs.

GM to recall 249,260 midsize SUVs for fire hazard

(Reuters) - General Motors Co will recall 249,260 midsize sport utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.

Honda begins production of new Accord in Ohio

(Reuters) - The first mass-production version of the 2013 model year Honda Motor Co Accord sedan, fully made over and the most important new vehicle for Honda this year in the U.S. market, rolled off an Ohio assembly line on Monday, the company said.

U.S. to clarify rules on oil, mining payments abroad

(Reuters) - Two years of uncertainty for big U.S.-listed mining and energy companies will end on Wednesday when U.S. regulators finalize new rules on overseas operations, one set that will require the disclosure of payments to foreign governments while the other seeks to halt the flow of so-called "conflict minerals."

U.S. court backs investor access to bank documents on Argentine assets

NEW YORK (Reuters) - Argentina lost a bid on Monday to prevent bondholders from obtaining documents from two banks about the country's assets outside the United States.

Greek exit manageable but not preferable: ECB's Asmussen

BERLIN (Reuters) - A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted on Monday as saying, although he would prefer it if the crisis-stricken country remained within the single currency bloc.