The Other Side of Life 24/7: Daily Investor Briefing: Dow ends at highest in nearly five...

Tuesday, September 11, 2012

Daily Investor Briefing: Dow ends at highest in nearly five...

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09/11/2012

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

Dow ends at highest in nearly five years

NEW YORK (Reuters) - The Dow industrials closed at the highest level in nearly five years on Tuesday in a lightly traded session ahead of key decisions in Germany and the United States that could give markets a further boost.

U.S. expects to earn $15.1 billion from bailing out AIG: Treasury

WASHINGTON (Reuters) - The U.S. Treasury further reduced its stake in American International Group and said on Tuesday that the United States would now profit $15.1 billion from bailing out the insurer.

Over-optimistic Fed may backtrack again on forecasts

(Reuters) - Has the Federal Reserve watched the U.S. recession and painfully slow recovery through rose-colored glasses?

Ford CEO Mulally likely to retire end of year: Bloomberg

(Reuters) - Ford Motor Co Chief Executive Alan Mulally is likely to retire by the end of this year, Bloomberg reported on Tuesday, citing someone familiar with the company's succession plan.

Morgan Stanley, Citigroup settle brokerage dispute

(Reuters) - Morgan Stanley and Citigroup Inc have agreed to value their brokerage joint venture at $13.5 billion, settling a months-long dispute that notches a victory for Morgan Stanley.

JPMorgan CEO says no new trouble from derivatives loss

NEW YORK (Reuters) - In his first public comment in two months on JPMorgan Chase & Co's $5.8 billion trading loss, Chief Executive Jamie Dimon said the bank is continuing to reduce the small amount of risk left in its flawed derivative portfolio.

Exclusive: "Avatar" effects house weighs Digital Domain bid

(Reuters) - Prime Focus World, which created the special effects for "Avatar," "Harry Potter" and other Hollywood blockbusters, is contemplating a bid for Digital Domain Media Group, which filed for bankruptcy protection on September 11, according to a person with knowledge of its interest.

ResCap's exclusive right to bankruptcy plan extended to December 20

NEW YORK (Reuters) - Residential Capital's exclusive right to present a plan to get out of bankruptcy was extended until December 20 during a court hearing on Tuesday, a company spokeswoman said.

Black Merrill brokers lose appeal over bias in bonuses

(Reuters) - A federal appeals court rejected a racial bias lawsuit against Bank of America Corp by black financial advisers at the former Merrill Lynch & Co, but said they could try to recover losses over bonus payouts in a separate case.

Do PCs have a future? Intel thinks so

SAN FRANCISCO (Reuters) - Intel Corp showed off hybrid tablets and ultrabook laptops with voice and gesture recognition technology along with an upcoming low-power chip in a bid to convince Wall Street a slump in the personal computer industry is only temporary.