The Other Side of Life 24/7: Daily Investor Briefing: Wall Street closes at three-month...

Monday, August 6, 2012

Daily Investor Briefing: Wall Street closes at three-month...

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08/6/2012

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 closes at three-month high on hopes for Europe

NEW YORK (Reuters) - Stocks closed at three-month highs for the second day in a row on Monday, extending last week's rally on the hope for more assistance for the troubled euro zone.

Chesapeake Energy's second quarter profit rises on asset sale

(Reuters) - Chesapeake Energy Corp posted a jump in second-quarter profit after it sold its midstream subsidiary, and said it expects to sell another $7 billion in assets during the current quarter.

Bernanke: despite recovery, many struggling

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.

Exclusive: NYSE in talks with SEC to settle data probe

WASHINGTON (Reuters) - The New York Stock Exchange said on Monday it is in talks with U.S. securities regulators to settle allegations that the exchange violated rules intended to promote fair competition.

Knight Capital gets $400 million rescue, shares tumble

NEW YORK (Reuters) - A group of investors rescued Knight Capital Group Inc in a $400 million deal that keeps the embattled leader in U.S. equities market-making in business, but comes at a huge cost to existing shareholders.

Best Buy founder proposes taking retailer private

(Reuters) - Best Buy Co Inc founder Richard Schulze on Monday offered to take the struggling U.S. electronics retailer private in what could be the biggest leveraged buyout of the year.

Standard Chartered left U.S. vulnerable to terrorists

(Please be advised that paragraph 4 contains reference to language that some readers may find offensive)

Federal Reserve says U.S. bank lending conditions easing

WASHINGTON (Reuters) - The Federal Reserve said on Monday banks continued to ease lending standards for larger firms in the last three months but small businesses are still having a hard time accessing credit.

Exclusive: Avago nears $1 billion Schneider unit buy - sources

NEW YORK/PARIS (Reuters) - Avago Technologies Ltd is close to buying Schneider Electric SA's U.S.-based sensors subsidiary, according to three people familiar with the matter, a deal that could fetch around $1 billion for the French conglomerate.

Spyker sues GM for over $3 billion on Saab bankruptcy

AMSTERDAM (Reuters) - Dutch sportscar maker Spyker NV is suing General Motors Co for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group by blocking a deal with a Chinese investor.