The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends flat as Fed wait...

Wednesday, September 12, 2012

Daily Investor Briefing: Wall Street ends flat as Fed wait...

Click to View in Browser

09/12/2012

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 as Fed wait nears an end

NEW YORK (Reuters) - Wall Street ended little changed on Wednesday, erasing early gains, as investors turned cautious before a Federal Reserve decision on another round of monetary stimulus to boost the economy.

Apple's iPhone 5 bigger, faster but lacks "wow"

SAN FRANCISCO (Reuters) - Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to maintain its edge over rivals such as Samsung Electronics Co Ltd and Google Inc.

More Fed monetary easing likely on Thursday: Reuters poll

NEW YORK (Reuters) - Odds are mounting that the Federal Reserve could take action as soon as Thursday to energize a U.S. economy that is struggling to gain momentum in the face of a lackluster labor market and uncertain fiscal policy, according to a Reuters poll.

BAE and EADS in merger talks to create aerospace giant

LONDON (Reuters) - Britain's BAE Systems and Airbus-owner EADS are in advanced merger talks to create a combined group worth $48 billion, overtaking Boeing as the world's biggest aerospace and defense company in terms of sales.

Nomura eyes fixed income gains as rivals shrink

LONDON (Reuters) - Japan's Nomura is pinning its turnaround hopes on bond and foreign exchange trading even as big rivals shrink some of those divisions, and a swoop on clients abandoned by others is helping it grow, the bank's fixed income boss said.

Wholesale inventories rise could help growth in third quarter

WASHINGTON (Reuters) - Wholesale inventories in July rose by the most in five months, beating forecasts and suggesting economic growth started the third quarter on slightly better footing than expected.

Toys R Us to let holiday shoppers reserve popular toys

NEW YORK (Reuters) - If you can preorder an iPhone 5, why not put a Furby or other hot toy on hold, too?

Chesapeake loses bid to void award over canceled Texas deal

(Reuters) - A federal appeals court rejected Chesapeake Energy Corp's attempt to overturn a $20 million award arising from claims it wrongfully backed out of a contract to buy some Texas oil and gas leases.

Abercrombie & Fitch hires Goldman Sachs: source

(Reuters) - Abercrombie & Fitch Co has hired Goldman Sachs Group Inc as it works to ward off pressure from investors, a source familiar with the matter said on Wednesday.

Bank of France aiming to cut up to 2,100 jobs in branches

PARIS (Reuters) - The Bank of France could cut up to 2,100 jobs in its branch offices by 2020, largely by not replacing staff who retire as part of a restructuring of its nationwide network, it said on Wednesday.