The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends higher for fourth day...

Friday, September 14, 2012

Daily Investor Briefing: Wall Street ends higher for fourth day...

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09/14/2012

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 higher for fourth day

NEW YORK (Reuters) - U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could buoy equities in the coming months.

Apple did not violate Samsung patents: U.S. trade judge

WASHINGTON (Reuters) - Apple did not violate patents owned by Samsung Electronics in making the iPod touch, iPhone and iPad, a judge at the International Trade Commission said in a preliminary ruling on Friday.

Gasoline pushes up inflation, could dent growth

WASHINGTON (Reuters) - A jump in the cost of gasoline pushed U.S. consumer prices up in August at the fastest pace in more than three years and squeezed spending on other items, threatening to further slow the already sluggish economy.

Apple shares jump, hit record high on "iPhone 5 fever"

(Reuters) - Apple Inc shares jumped on Friday, touching a record high on what one analyst called "iPhone 5 fever" as the company said some customers must wait two to three weeks for the new, slimmer, faster smartphone that accounts for half its revenue.

Too soon to know whether Europe is stabilizing: GM CFO

(Reuters) - It is not clear whether the weak European automotive market is stabilizing, but executives in the industry are talking more than ever about reducing capacity to match lower demand in the region, a top General Motors Co official said on Friday.

New round of quantitative easing biggest yet?

CHICAGO (Reuters) - The U.S. Federal Reserve's third round of bond-buying could ultimately rival the size of its first huge quantitative easing, which was widely seen as boosting growth.

Pentair shareholders okay $4.6-billion merger with Tyco unit

(Reuters) - Pentair Inc , a U.S. maker of filters and pumps, said Friday its shareholders voted to approve its planned $4.6 billion merger with Tyco International Ltd's flow-control unit.

Las Vegas Sands hid evidence in former executive's lawsuit: court

SAN FRANCISCO (Reuters) - Las Vegas Sands deceived a Nevada court in an attempt to stall a lawsuit by the former head of its Macau operations, a state judge ruled on Friday, fining the casino operator and abridging its right to object in a fight over key evidence.

Spain pledges reform timetable, paves way for bailout

NICOSIA (Reuters) - Spain told euro zone finance ministers on Friday it will set clear deadlines for structural reforms by the end of the month, in a move European diplomats said would pave the way for an aid request before long to help it tackle its debt pile.

BAE's British roots sprout trusted American faces in U.S. defense landscape

WASHINGTON (Reuters) - Around the United States, Britain's BAE Systems is widely seen as just another powerful U.S. defense contractor, unlike European aerospace group EADS , which is always firmly identified by its French, German and Spanish roots.