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Tuesday, September 18, 2012

Daily Investor Briefing: Wall Street ends flat, FedEx outlook...

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09/18/2012
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, FedEx outlook weighs
NEW YORK (Reuters) - Stocks ended flat on Tuesday after bellwether FedEx cut its profit forecast and investors pulled back after last week's rally on the central bank's latest stimulus plan.
Fed's focus on jobs will not waver, officials say
ANN ARBOR, Mich./FLORHAM PARK, New Jersey (Reuters) - The Federal Reserve will not waver from its aggressive policy stance when one of its two bond-buying programs expires at year end, and it is prepared to do even more to get Americans back to work, two Fed officials said on Tuesday.
Goldman names Schwartz to CFO role as Viniar retires
(Reuters) - Goldman Sachs Group Inc Chief Financial Officer David Viniar will retire at the end of January, to be replaced by Harvey Schwartz, who is now global co-head of securities, the investment bank said on Tuesday.
RIM shares rise on Microsoft file technology license deal
TORONTO (Reuters) - Research In Motion's shares jumped on Tuesday after it signed a patent licensing deal with Microsoft Corp to use one of the technology company's file storage systems.
China's Alibaba buys back half of Yahoo's stake
(Reuters) - China's Alibaba Group said it bought back half the stake Yahoo Inc owned in the company for about $7.6 billion, moving closer to an initial public offering.
Investors increase pressure on Spain to seek aid
MADRID (Reuters) - Investors on Tuesday piled pressure on Spain to request international aid and trigger a European Central Bank bond-buying program seen as inevitable to help the country finance its debt, with the benchmark 10-year bond rising to just over 6 percent.
California court overturns $5 million ruling against Morgan Stanley
(Reuters) - A California court overturned a nearly $5 million securities arbitration ruling against Morgan Stanley Smith Barney in a case filed by two brokers who said the company broke promises it made when recruiting them.
Ford execs tout Fusion; Mulally stays mum on succession
NEW YORK/DETROIT (Reuters) - Ford Motor Co dispatched its top brass to major U.S. cities on Tuesday to promote the 2013 Fusion, a redesigned family sedan the No. 2 U.S. automaker hopes will seize market share from Toyota Motor Corp's Camry.
Home lending hit 16-year low in 2011: regulators
WASHINGTON (Reuters) - The volume of home lending dropped 10 percent last year to the lowest level since 1995, highlighting the government's uphill battle to prop up the still-struggling housing sector.
As power plants use less coal, Alpha Natural cuts jobs
(Reuters) - Coal miner Alpha Natural Resources Inc is cutting 1,200 jobs, roughly 9 percent of its workforce, as increased use of natural gas for power generation dents demand.
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