The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends lower as economic...

Monday, September 24, 2012

Daily Investor Briefing: Wall Street ends lower as economic...

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09/24/2012

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 lower as economic outlook weighs

NEW YORK (Reuters) - U.S. stocks edged lower on Monday as disappointing German data increased concerns that global economic growth remains weak.

Apple sells over 5 million iPhone 5, supply constraints loom

(Reuters) - Apple Inc sold over 5 million iPhone 5 smartphones in the three days since it hit stores, but shares sagged as the company struggled to meet demand.

Exclusive: L.A. billionaire, Guggenheim plot AEG bid

LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the sports and real estate company, according to three sources with knowledge of the deal.

Fed's Williams: QE3 provides needed "oomph" to U.S. economy

SAN FRANCISCO (Reuters) - The Federal Reserve's latest round of monetary stimulus will help get the U.S. economy back on track and speed the return to full employment, a top official of the U.S. central bank said on Monday.

GE, MetLife tweak terms of deal for $7 billion in bank deposits

(Reuters) - MetLife Inc and General Electric Co have tweaked the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate, a move MetLife said would change the regulator in charge of approving the deal.

Germany lists EADS/BAE worries while UK starts inquiry

BERLIN/LONDON (Reuters) - Germany has deep reservations about proposals to merge Airbus parent EADS and Britain's BAE Systems , an official document showed, as the British parliament began an inquiry into the planned European defense and aerospace giant.

IMF chief sees shaky confidence denting global growth

WASHINGTON (Reuters) - The International Monetary Fund is set to cut its forecast for global growth next month with uncertainty over whether European policymakers will keep promises to address the euro zone crisis weighing on confidence, the head of the IMF said on Monday.

Total plans 1.2 billion euro investment in Antwerp refinery

LONDON (Reuters) - Total plans to invest over 1 billion euros at its Belgian refining and petrochemical complex - Europe's second-largest - to boost its diesel-making capacity and create cost-cutting synergies, a senior executive said on Monday.

Exclusive: Brazil delays jets decision until 2013; Boeing ascendant

UNITED NATIONS (Reuters) - Brazilian President Dilma Rousseff has decided to wait until mid-2013 to make a decision on a multibillion-dollar Air Force jets contract, and Boeing's chances of winning the deal have improved due to its recent alliances with local aircraft maker Embraer, two senior officials told Reuters.

General Motors readies $10 billion credit

NEW YORK (Reuters) - General Motors Co is in market with $10 billion in revolving credit facilities that will beef up liquidity and refinance existing debt, sources told Thomson Reuters LPC.