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Monday, August 27, 2012

Daily Investor Briefing: Wall Street ends flat; Apple hits...

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08/27/2012
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; Apple hits record high
NEW YORK (Reuters) - Shares of Apple hit another record on Monday, cushioning the day's losses in a lightly traded market where investors are already looking ahead to a key speech by Federal Reserve Chairman Ben Bernanke on Friday.
Best Buy agrees to open books to founder Schulze
(Reuters) - Best Buy Co Inc agreed to open its books to founder and former chairman Richard Schulze to allow him to firm up a potential $8.8 billion buyout bid for the struggling U.S. consumer electronics retailer.
Mixed endorsements of more Fed easing
NEW YORK/SAN FRANCISCO (Reuters) - Two top Federal Reserve officials offered widely different endorsements of more U.S. policy easing on Monday, with one weighing the benefits and risks of more action and the other stressing the need to act now.
Tiffany expects pressure on profit to ease; shares up
(Reuters) - Tiffany & Co cut its sales and earnings forecasts on Monday for the second straight quarter, citing a tough global economy and muted expectations for the holiday season, but the prospect of improving profit margins later in the year comforted investors.
Fed's Fisher commissions paper to bolster easy money opposition
(Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Monday sought to add heft to his opposition to further monetary stimulus with the release of a paper by a well-known economist critical of ultra-easy policy.
Exclusive: Blackstone grooms six executives for Schwarzman's job
NEW YORK/LONDON (Reuters) - When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.
Ralph Lauren picks outsider to be next CFO
(Reuters) - Ralph Lauren Corp on Monday named Procter & Gamble Co executive Christopher Peterson its new chief financial officer, effective September 24, after Tracey Travis resigned in July to pursue other interests.
Europe drawn back to its first problem: Greece
BRUSSELS/ATHENS (Reuters) - The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet more help or cut it loose.
Navistar board ousts CEO Ustian after failed engine bet
NEW YORK (Reuters) - Navistar International Corp replaced Chief Executive Officer Daniel Ustian with former Textron Inc CEO Lewis Campbell on an interim basis, after the truck maker's bet on a new generation of diesel engines failed to live up to its promise.
APEC meeting to focus on euro zone headwinds: U.S.'s Brainard
WASHINGTON (Reuters) - The euro zone economic crisis and role that emerging economies in Asia can play in boosting the global economy will be the focus of a regional meeting of Asia-Pacific finance officials later this week, a top U.S. Treasury official said on Monday.
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