The Other Side of Life 24/7: Daily Investor Briefing: Wall Street closes at multi-year...

Thursday, September 6, 2012

Daily Investor Briefing: Wall Street closes at multi-year...

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09/6/2012

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 closes at multi-year highs on ECB, data

NEW YORK (Reuters) - Stocks closed at multi-year highs on Thursday, with the S&P 500 ending at its highest level since before the collapse of Lehman Brothers as investors hailed a new European bond-buying program aimed at stemming the region's debt crisis.

Lackluster economy shows stronger pulse

WASHINGTON (Reuters) - Companies added staff in August at the fastest clip in five months and a gauge of employment in the service sector also improved, upbeat signals for a struggling labor market.

Charlotte company illustrates U.S. stimulus ups and downs

CHARLOTTE, North Carolina (Reuters) - Few companies in the U.S. South have gotten as much nurturing by President Barack Obama's administration as Charlotte-based Celgard LLC. Obama and two of his Cabinet secretaries visited the plant and praised its successes after it was awarded $48.7 million in stimulus grants.

Nomura's U.S. stock traders get a jolt

NEW YORK (Reuters) - Nomura Holdings' decision to scale back its equity trading business halts its ambitious U.S. growth plans and creates a Manhattan real-estate conundrum for Japan's biggest brokerage.

Draghi gets ECB backing for unlimited bond-buying

FRANKFURT (Reuters) - The European Central Bank agreed on Thursday to launch a new and potentially unlimited bond-buying program to lower struggling euro zone countries' borrowing costs and draw a line under the debt crisis.

Analysis: ECB sets stage for euro rescue but will Spain jump?

PARIS (Reuters) - European Central Bank President Mario Draghi has delivered a roadmap for rescuing the euro zone from potential meltdown but the onus is now on Spain to swallow its pride and apply for help to bring down crippling borrowing costs.

Value of Bernanke's personal assets held steady in 2011

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke may be wealthy according to the standards of most Americans, but the assets he held last year were valued well below those of some of his colleagues on the U.S. central bank's board.

Senate committee launches probe of JPM's "Whale" losses

NEW YORK (Reuters) - A Senate committee has launched a probe into JPMorgan Chase's "London Whale" trading losses, according to a source familiar with the investigation.

General Motors needs to dump Opel, Morgan Stanley says

DETROIT (Reuters) - The time has come for General Motors Co to cut ties with its money-losing European business, Opel, which has been a drag on the U.S. automaker for years, a Wall Street analyst said on Thursday.

Ford revamps models in bid to halt European sales slide

AMSTERDAM/DETROIT (Reuters) - Ford Motor Co showed its revamped European lineup on Thursday, including a new small sport-utility vehicle to challenge Nissan Motor Co's Juke, as the automaker pushes to revive sales and curb mounting losses in the region.